中国经济学人

  • Where are we heading?

    金碚;

    <正>The world economy is experiencing a deep crisis. Arising from U.S. sub-prime mortgage loans, the crisis has ravaged the U.S. financial sector and is having repercussions all over the world. Many scholars believe the current crisis stems from ?

    2008年06期 1页 [查看摘要][在线阅读][下载 184K]
  • Reducing unemployment in China's economy

    周丽敏;

    China’s great transformation,launched three decades ago,has changed the fate of hundreds of millions of people,including Liu Wei,an "educated youth" at the time. After having witnessed the seeming insignificance and helplessness of individuals in the face of grand social movements over the past 30 years,Liu,now an economist,shifted his attention to how the fate of ordinary people changes amid the rising and ebbing tides of the economy. While people fret over the future national well-being during complicated policy changes,Liu pointed out that employment holds key to China’s economy because employment has a direct bearing on people’s livelihood.

    2008年06期 5-9页 [查看摘要][在线阅读][下载 371K]
  • Three decades of SOE reform:no pain,no gain

    周远征;张明;

    What lies ahead for China,difficulties or perhaps another three decades of glory? To address this question,a special event was held at Chongqing Technology and Business University:Symposium on Theories on and Reality of China’s 30 Years of Enterprise Reform and Development,annual meeting of the Chinese Institute of Business Administration for 2008. At the foot of a mountain just south of Chongqing,150 delegates in the field of economic research gathered for discussions on pains and gains of the 30 years of reform. Leading economists at the event included Chen Jiagui,vice president of Chinese Academy of Social Sciences (CASS),Zhang Guoyou,vice president of Peking University,and Jin Bei,deputy director of CASS’s Institute of Industrial Economics (IIE). The symposium was jointly sponsored by the Chinese Institute of Business Administration,Jiang Yiwei Academic Foundation for Enterprise Reform and Development,Chongqing Technology and Business University,and CASS Management Science Research Institute. The following is a group of articles written by staff reporters of the China Economist (CE).

    2008年06期 10-17页 [查看摘要][在线阅读][下载 570K]
  • 30 years of reform and opening up:experience and characteristics

    陈佳贵;

    This year marks the 30th anniversary of China’s reform and opening-up program,which has brought about unprecedented achievements in the country’s three decades of rapid development. This issue contains three articles on the theme of this 30th anniversary,presenting insights on the past and present and prospects for the coming period. The current issue includes "China’s 30 years of reform and opening up:experiences and characteristics" by Prof. Chen Jiagui;"30 years of prosperity in China’s non-state economy" by Prof. Liu Yingqiu; and "The development of an open economy in China" by Prof. Pei Changhong. These articles evaluate the policies of the past three decades from different angles and looking at different facets,yet each with theoretical as well as practical signif icance. We believe that these historical reflections will steer China on an even more successful path of future reform and opening.

    2008年06期 18-22页 [查看摘要][在线阅读][下载 535K]
  • The development of an open economy in China——A retrospective analysis of 30 years of opening to the outside world

    裴长洪;

    China’s three decades of opening to the outside world are a historical process of establishing and developing an open economy. This process can be divided into four stages:1) reducing regulation,rejuvenating the trade regulatory regime and delegating management rights to foreign-trade operators;2) developing foreign trade firms into de facto market entities; 3)pursuing trade liberalization and establishing an open economic system in conformity with international rules;4) furthering improvement and innovation in infrastructure. At the initial stage of establishing an open economy,China restructured its foreign trade system and learned valuable lessons about liberalization through system transition.China experimented with bold breakthrough initiatives in special economic zones and open coastal cities,and correctly selected an export-oriented development strategy. Two core policies underlying China’s open economy are the strengthening of bilateral and multilateral trade relationships,and realigning the institutional environment to comport with international rules.China’s open economy occupies an important position in the national economy. Moreover,it has become an important part of state’s macro-economic regulation and is exerting growing influence on the world economy.

    2008年06期 23-32页 [查看摘要][在线阅读][下载 817K]
  • 30 years of prosperity in China's non-state economy

    刘迎秋;刘霞辉;

    This article analyzes the basic experiences in the reform and development of China’s non-state-owned economy,based on a review of its distinctive features and major achievements of sustained rapid development over the last three decades since reform and opening began. It also identifies the problems facing further reform and development of China’s non-state-owned economy. Finally,it presents an outlook of the future of non-state-owned economic development. Looking ahead,the collectively owned economy in urban areas and townships is expected to enter a new stage of development based on transition and transformation; the individual and private economy will reach new heights of development; foreign invested enterprises will further boost economic and technological investment and raise the technological content of output.

    2008年06期 33-42页 [查看摘要][在线阅读][下载 841K]
  • Rethinking China's pension reform——The relevance of international experiences

    蔡昉;

    Pension funds remain scarce no matter what institutional design is adopted. China has a host of unique issues facing its pension system,issues that must be confronted; for instance,the disappearance of its demographic dividends and legacy costs incurred due to institutional transition. Such features determine that China’s pension system is merely passable at the present time. In this article,Professor Cai Fang offers new and incisive perspectives on this issue,such as the potential stimulus for economic growth by ageing people’s desire to save money for old-age provisions.

    2008年06期 44-53页 [查看摘要][在线阅读][下载 859K]
  • Modern services and China’s economic transformation

    何德旭;姚战琪;

    Development of a modern service industry must be accelerated if China’s economic growth pattern is to be transformed and its industrial structure upgraded. For a long time, China’s modern services have been backward and played an insignificant role in the national economy. Sluggish growth of modern services is particularly dragging on China’s otherwise surging economic and social development; and it puts a strain on industrial restructuring and efforts to build a prosperous and harmonious socialist society. This paper sheds light on outstanding issues concerning the role of China’s modern services in various arenas, including transforming the economic growth pattern, improving economic structuring, upgrading the industrial structure, facilitating technological progress and spurring changes in the employment structure. Based on in-depth analysis, this essay proposes policies and countermeasures for the promotion of modern services.

    2008年06期 54-63页 [查看摘要][在线阅读][下载 744K]
  • A closer look at Chinese and Indian economic development

    黄群慧;

    Both populous and fast-growing, China and India share important similarities. Over the years, comparative studies on both countries, especially in terms of economic development, have become a hot topic around the world. China and India issues have aroused intense attention and interest in international academia. Three articles in this issue examine the race between the dragon and the elephant in the arena of economic development, information industry and software. In his article "A closer look at Chinese and Indian economic development," Prof. Huang Qunhui compares China and India’s economic development from national strategic perspectives based on his first-hand research; in "What China and India can learn from each other in the information industry?" Prof. Shen Kaiyan undertakes a comparative analysis of the development of information industries in China and India; lastly, Prof.Fang Hong’s empirical study looks at competition and cooperation in the Chinese and Indian software industries. This selection of essays begins with overall economic development, moves to a closer examination of the information industry, and then concludes with a look at the software industry, giving us an extremely broad yet also detailed comparison of the economies of these two emerging giants.

    2008年06期 64-68页 [查看摘要][在线阅读][下载 323K]
  • Competition and cooperation in the Chinese and Indian software industries

    方虹;陈晓宇;王红霞;

    China and India are two of the world's major software producers, and trade between the two countries developing is rapidly. This paper uses the Revealed Comparative Advantage (RCA) index, Export Similarity index and Gray Model to analyze the competitiveness and complementarities of the software industry between China and India. The results show weak competitiveness of China and India’s software products in the main export markets; therefore it will be enhanced in the long-term. The software industries of the two countries are highly complementary. Therefore, China and India should strengthen cooperation in this industry to seek more benefi ts.

    2008年06期 69-78页 [查看摘要][在线阅读][下载 4147K]
  • What China and India can Iearn from each other in the information industry

    沈开艳;黄国华;

    China’s information industry,including its hardware manufacturing and infrastructure,is larger in size than India's,but India is stronger in software R&D and IT competence. This paper presents an overview of the information industry in both countries,and reveals the challenges posed by lack of innovation,over-reliance on foreign markets and uneven software and hardware development. Comparative studies in this field provide reference for both countries to improve their industrial structure and pursues solid growth.

    2008年06期 79-87页 [查看摘要][在线阅读][下载 885K]
  • Why FDI helps China’s environment but exports do not

    邓柏盛;宋德勇;

    FDI helps improve China’s environmental quality but exporting worsens it, according to the author’s panel data analysis. Developed countries transfer pollution to China through trade. The time series analysis reveals a positive U-shaped relationship between environmental pollution and per-capita GDP in China. These results do not conform to the EKC hypothesis, though the results of panel data do. Such results are inconsistent with those of previous empirical studies. In this regard, we attempt to provide reasonable explanations and offer policy proposals.

    2008年06期 88-98页 [查看摘要][在线阅读][下载 862K]
  • The energy-intensity of China's export trade

    刘强;庄幸;姜克隽;韩文科;胡秀莲;

    China is one of the world’s major importers and exporters. On the one hand, massive exports have created enormous economic value and employment opportunities for Chinese and become one of the vital forces underpinning the country’s economic growth. On the other hand, exports have caused a huge amount of energy resource consumption and carbon emissions and added pressure to the country for a sustainable growth. China exports a wide variety of products, each of which is attached to a different industry chain with different energy consumptions. Therefore, the evolution of the product structure has become one of the key factors affecting China’s future energy consumption and economic growth. To further promote nationwide energy conservation and emission reduction, reduce the pressure exerted by economic growth on energy consumption and the environment and win more space for sustainable economic growth, it is imperative to understand energy consumption and carbon emissions embodied in export products and provide support for China’s export policy adjustment. This study attempts to calculate, compare and analyze the embodied energy and carbon emissions in 46 major export products using the full life cycle assessment method, and concludes by offering policy recommendations.

    2008年06期 99-108页 [查看摘要][在线阅读][下载 457K]
  • Overcapitalization in China’s banking system

    王国刚;

    Increasing the required reserve ratio under the circumstances of immense excess reserve cannot tighten the money supply; it can, however, avoid loosening the money supply. Similarly, it cannot tighten the credit loan by raising the interest rates of deposits and loans, but it can stimulate the growth of credit loans. The soaring CPI, stock prices and housing prices do not result from excess liquidity. On the contrary, excess liquidity and its growth restrain their rapid growth.

    2008年06期 109-119页 [查看摘要][在线阅读][下载 2345K]
  • A regional comparison of China's industrial development efficiency

    魏后凯;王业强;

    The Chinese economy has been experiencing extensive growth for decades. Along with this growth, however, there have been industrial-economic, social and environmental inefficiencies. In some regions, problems exist because of overemphasis on GDP growth, or growth at the expense of the environment. Looking at efficiency through the prism of economic, social and environmental factors, this article analyzes the industrial economic development during the 10th Five-Year Plan (2001-2005). The authors conclude that economic development should be achieved while making overall improvements to economic, social and ecoenvironment efficiency.

    2008年06期 120-130页 [查看摘要][在线阅读][下载 472K]
  • The evolution of China's national income distribution

    彭爽;叶晓东;

    Since 1978,great transformation has taken place in China’s economy and in the distribution of its national income. Income distribution is pertinent to people’s immediate interests,to enterprises and to government agencies,and hinges upon development efficiency,social equality and the creation of a harmonious society. Considering this,this paper presents an analysis of the patterns of primary and secondary distribution of China’s national income and the evolution of the internal income distribution patterns of various economic entities since 1978,offering subsequent recommendations on policy adjustment.

    2008年06期 131-142页 [查看摘要][在线阅读][下载 897K]
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