China is set to overtake the United States as the global economic leader, yet we are limited in our knowledge of the internal workings and operations of the Chinese economy – this is in part due to the narrow representation of English language scholarly work on China. China s Economy – nine articles that provide a critical review of the literature and discuss policy implications and areas for future research – does much to fill the gap in knowledge of the past, present and future of China s story.The collection of critical surveys presented in this edited volume provides readers with a range of up–to–date work from some of the leading scholars in the area, writing on some of the critical issues facing China. They survey the present and future challenges of the Chinese economy, based upon a rich, ancient past, yet contested, recent history, and identify some common themes. Commencing with a survey of work providing a consensus on Chinese economic history, the volume then considers China s growing service sector; housing market and effects of an urbanizing society; its innovative activity, and a range of labour market issues including growing inequality, pension reform and demographic transition.
1. The Chinese Economy, Past, Present and Future 1Iris Claus and Les Oxley
2. A Survey of Recent Research in Chinese Economic History 7Kent Deng
3. Demographic Transition and Labour Market Changes: Implications for Economic Development in China 25Yang Du and Cuifen Yang
4. Pension Reform in China: Challenges and Opportunities 45Yong Cai and Yuan Cheng
5. The Evolution of the Housing Market and Its Socioeconomic Impacts in the Post–Reform People s Republic of China: A Survey of the Literature 63Jie Chen and Xuehui Han
6. Urbanization and Urban Systems in the People s Republic of China: Research Findings and Policy Recommendations 83Ming Lu and Guanghua Wan
7. Income Inequality in the People s Republic of China: Trends, Determinants, and Proposed Remedies 99Chen Wang, GuanghuaWan and Dan Yang
8. The Evolving Geography of China s Industrial Production: Implications for Pollution Dynamics and Urban Quality of Life 125Siqi Zheng, Cong Sun, Ye Qi and Matthew E. Kahn
9. Innovation in China 143Peilei Fan
10. China s Service Trade 165Hejing Chen and John Whalley
Iris Claus is a Senior Fellow, Department of Economics, Waikato University, New Zealand. Her current research interests are in unconventional monetary policy, taxation, financial intermediation, open economy macroeconomics and general equilibrium modeling. She is the Managing Editor for Journal Economic Surveys and Associate Editor of Asian Economic Papers.
Les Oxley is Professor in Economics, University of Waikato, New Zealand, and Adjunct Professor, School of Economics and Finance, Curtin University of Technology, Australia. He is the editor of, amongst others, Innovation, Entrepreneurship, Geography and Growth (with P. McCann, Wiley–Blackwell, 2012), Economics and History: Surveys in Cliometrics (with D. Greasley, Wiley–Blackwell, 2011), and the author of China s Energy Economy: Reforms, Market Development, Factor Substitution and the Determinants of Energy Intensity (with Hengyun Ma, 2012).