Chinese economic growth and its impact

Author: Jiang Chengzong
Publisher:
Publish Date: 2005-05-01
Features: "As early as 20 years ago, China had already demonstrated a strong momentum of economic growth, but it was only recently that it began to attract widespread global attention. Moreover, I believe that the impact of China's economic growth on the world economy has been increasing." — Zhou Xiaochuan, Governor of the People's Bank of China
"Everyone knows that China has become an indispensable force in the world economy and has exerted a significant impact on both regional and global economies. The vitality of the Asia-Pacific economy is gradually gaining increasing global attention, and this vitality is largely attributed to China's rapid economic growth. Moreover, as China strengthens its connections with other regions of the world, the challenges it faces in integrating with the global economy will inevitably be shared by other countries." — Kim Kihwan, Chairman of the Pacific Economic Cooperation Council (PECC)
"We cannot expect that China's economic growth will be free of problems. On the contrary, an 8%–9% economic growth rate is bound to bring many various issues. This is quite normal for developing countries and those undergoing economic transformation." — Fan Gang, Director of the National Economic Research Institute
"Now people are concerned about economic overheating, inflationary pressures, and excessive investment, as well as the potential economic bubbles they may trigger. In my opinion, the immediate challenge for China's economy is whether it will achieve a 'soft landing,' a 'hard landing,' or a 'no landing.' Regardless of which scenario unfolds, it will inevitably affect other regions of the world and various markets." — Mari Pangestu, Trade Minister of Indonesia
China's Economic Growth and Its Impact is a collection of papers from the special thematic session—China's Economic Growth and Its Impact—held during the Beijing Spring Meeting of the Pacific Economic Cooperation Council (PECC) in 2004. The seminar was held on April 17, 2004, in Beijing and attracted numerous domestic and foreign government officials, scholars, and entrepreneurs, including Zhou Xiaochuan, Governor of the People's Bank of China; Fan Gang, Director of the National Economic Research Institute; Zhang Yuling, Director of the Institute of Asia-Pacific Studies at the Chinese Academy of Social Sciences; Yu Yongding, Director of the Institute of World Economics and Politics; Kim Kihwan, Chairman of PECC; and Mari Pangestu, a trade expert at PECC.
Building on the success of this seminar, editing and publishing this book will help readers gain a deeper understanding of the prospects and challenges of China's economic growth. The collection is divided into three parts: the first part consists of the speeches delivered by the participants; the second part includes the discussion records of the meeting, featuring the remarks of the discussants and responses from the speakers; and the third part comprises professional articles written by relevant experts, including contributions on China's economy by Xia Yishan and others.
It should be noted that many of the content in the first and second parts of this book was compiled from recorded audio.