China - the great transition : from agrarian economy to technological powerhouse

This book explores the great transition of China from a subsistence agrarian economy to a technologically driven economic powerhouse which reflects the achievements of the hardworking Chinese people. China continues to grow as the second largest economy of the world from 2010 onwards. It is going to be the largest economy in the world by putting US economy behind. The Chinese GDP has increased of 1,500 times from 1952. This book examines the transformation of China and its economic growth is neither miraculous nor a product of market economy. Further, this book states economic development in China as a product of political pursuit shaped by the Chinese people led by the Communist Party of China from 1921 onwards. China is not only the workshop of the world today but also works as the engine of global economic growth and recovery of crisis ridden global economy. This book also shows how phenomenal Chinese economic growth and development led to the significant fall of poverty in China. This book states that the prosperous transition in China continues to show features of combined and uneven development. This is evident as China has largest billionaires, but many people still live and practice subsistence economy. However, many Chinese do not have access to clean air, water, sanitation and dignified sources of livelihoods. This book shows the social, economic and political inequalities as hindrances to deepening of democratic and egalitarian development in China. This book states that the gender gap and widening gap between urban and rural China are twin serious challenges to progressive transformations in China. The Chinese state and government are trying to implement different policies and programmes to overcome these challenges. About This Book Contents Editor and Contributors 1 Introduction: China—Challenges of the Great Transition International Campaign to Undermine Chinese Path of Development Future of Chinese Transition References 2 Two Decades of Fiscal Decentralization and Regional Economic Growth in China Introduction Theory of Endogenous Growth Stages of Fiscal Decentralization Chinese Theory of Fiscal Decentralization Fiscal Decentralization and Economic Growth Fiscal Decentralization and Economic Growth in China Methods to Study the Impact of Fiscal Decentralization on Economic Development Description of the Data Setting of the Benchmark Panel Model Regional Differences in the Impact of Fiscal Decentralization on Economic Growth Panel Models Sub-regional Results Conclusion References 3 Regional Financial Development and Economic Growth in China: A Study of Guangdong–Hong Kong–Macao Greater Bay Area Introduction Financial Development and Economic Growth Financial Development and Economic Growth Economic Growth Contributes to Financial Development No Positive Impact of Financial Development on Economic Growth Dual Causality Between Financial Development and Economic Growth Complex Relationship Between Financial Development and Economic Growth Theories of Financial Development Performance of Economic Growth of the Greater Bay Area Financial Development of the Greater Bay Area Financial Development and Economic Growth in the Greater Bay Area Conclusions References 4 Impact of Financing on Investment in Chinese SMEs During Financial Crisis Introduction Investment and Financing of SMEs Capital Structure and Financing Preferences of SMEs Source of Financing for SMEs Conceptual Frameworks for Financing of SMEs Investment in SMEs Methods to Study Financing of SMEs Analysis of the Chinese SMEs Data Source Summary Statistics Correlation Analysis Findings of the Study Conclusions References 5 Impact of the COVID-19 on Banks in China Introduction History of the Chinese Banking System Impact of COVID-19 on the Chinese Banking Sector Methodological Framework of the Study Study Variables Data Collection Models Context of the Study Analysis and Findings Analysis of Data Results Analytic Models ICBC (Industrial and Commercial Bank of China) CCB (Chinese Construction Bank) BOC (Bank of China) ABC (Agricultural Bank of China) BOCM (Bank of Communications) Conclusions References 6 Chinese Female Athletes and the Expansion of Business in Wuhan Province Introduction Female Athletes and Business Value Business Value of International Female Athletes Factors Influencing the Business Value of Sports Athletes Marketisation and Commercialization of Sports Match Between Athletes and Business Value of the Project Individual Sports Performance of Athletes Individual Sports Characters of Athletes Channels of the Business Value Expression Special Impacts Role of Female Athletes in the Expansion of Business Value Female Athletes in Social Media and Advertising Female Athletes in China in Social Media and Advertising Chinese Female Athletes and Business Value Formation of Li Na’s Business Value Outstanding Performance in a Competition Acts as the Initial Foundation for Business Value A Positive Personal Brand Contributes to a Higher Business Value The Expert Business Value Operation Team Has Assisted the Value Enhancement The Market in China National Sports System and the Growth of Athletes’ Business Value Business Value of Chinese Female Athletes Current Status of the Business Value of China’s Female Athletes Strategies to Enhance the Business Value of Chinese Female Athletes Conclusion References