Globalisation, Competition and Growth in China »

Presenting original work and new thinking on a wide range of important issues, the book explores the current state of globalization, competition and growth in China.

China has produced an economic miracle since the late 1970s in its transition from a planned to a market economy. This remarkable economic performance was brought about by an open-door policy and gradual integration with the world economy, culminating in China’s admission into the World Trade Organisation in 2001.

Studies included in this book focus on issues such as foreign direct investment, international trade, reforms in the financial sector, the development of rural township and village enterprises, the investment strategies of multinational corporations, and economic growth.

List of figures
List of tables
Preface
Abbreviations
Introduction

Part I Financial Sector Reforms

Chapter 1 Board Structure as Corporate Governance Mechanism: Evidence from China's Real Estate Stock Companies
Ke Qiulin, Jian Chen and David Isaac

Chapter 2 Financial Sector Reforms and Economic Growth in China
Nader Nazmi

Chapter 3 Efficiency of the Chinese Banking Industry: A Stochastic Production Function Approach
Shujie Yao, Chunxia Jiang, Genfu Feng and Dirk Willenbockel

Chapter 4 Do Chinese Stock Markets Share Common Information Arrival Processes?
Philip Kostov, Ziping Wu and Seamus McErlean

Chapter 5 Impact of Capital Structure on Agency Costs in Chinese Listed Firms
Hongxia Li and Liming Cui

Chapter 6 Stock or Cash Dividends? The Current Dividend Patterns of the Chinese Listed Companies
Xiaorong Xue, Jane Zhang and Steven Li

Part II FDI and Globalisation

Chapter 7 The Economic Impact of China's Emergence as a Major Trading Nation
Wing Thye Woo

Chapter 8 The Impact of FDI on Economic Growth in China's Regions
Ping Zheng, Gianluigi Giorgioni and Pamela Siler

Chapter 9 Exports, FDI, Linkages and Regional Disparities in China
Xiaolan Fu

Chapter 10 Competitive Strategy- Differentiation of Multinational Enterprises in China: Case Study of American, European and Japanese Automobile Enterprises
Min Zhao

Chapter 11 China's Joint Venture Accounting and Its Impacts on Chinese Accounting Reform
Simon Gao, Cordon Guo and Jane Zhang

Part III Economic Development and Policy

Chapter 12 The Impact of Monetary Variables on the Price Level during Inflationand Deflation Periods in China
Huayu Sun and Yue Ma

Chapter 13 China's Rural Economy and the Path to a Modern Industrial State
Jikun Huang, Keijiro Otsuka and Scott Rozelle

Chapter 14 Domestic Price Integration and Economic Performance in China
Sandra Poncet

Chapter 15 Unemployment in China: Some Stylised Facts
Zhongmin Wu

Chapter 16 Crossing Which River and Feeding Which Stones? China's Transition to the 'New Economy'
Richard Sanders and Yang Chen

Chapter 17 Chinese TVEs Facing New Challenges: Lessons from a Case Study
Ian Cook and Hantang Qi