Yuyan Zhang's Books

Reform, Opening-up and China's Changing Role in Global Governance

By: Yuyan Zhang

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Reform, Opening-up and China's Changing Role in Global Governance

By: Yuyan Zhang

This book looks back to 40 years ago for the whole history of China’s reform and opening-up and focuses on the role change of China in the relationship with outside world. In the first half part, the author explores China’s economic reform and opening-up policy from theoretical analysis and systematic interpretation. In the second part, the author aims to present how China’s international roles have changed in recent years and the Chinese appeal and purpose of participating in and improving global governance procedure. The author answers the question of why China has obtained miraculous achievements after its reform and opening-up from academic perspective and provides representative cases with profound but not obscure theoretical interpretation. It is a must-read for anyone who is interested in contemporary China’s economy and foreign affairs.

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Page Count

255

Publisher

Springer Nature

Published Date

ISBN 10

9813360259

ISBN 13

9789813360259

Peaceful Development Path in China

By: Yuyan Zhang,Weijiang Feng

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Peaceful Development Path in China

By: Yuyan Zhang,Weijiang Feng

This book clarifies the misconceptions and misinterpretations of the Chinese Path through historical and market logic. The author begins with a historical review of Chinese institutions from their cultural origins to their modern connotations: Chinese regard unity over individualism; Chinese are more cooperative, intrapersonal and defensive than competitive, invasive and expansive. The market economy is another factor that emphasizes the importance of a peaceful environment and stable system of international institutions so as to achieve sustainable development in China. In closing, the author provides an outlook on the role and responsibility of China as a great power towards developed countries, neighbors, new economic groups and developing countries. China’s development means much to the world.

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Page Count

208

Publisher

Springer

Published Date

ISBN 10

981131439X

ISBN 13

9789811314391

The Change of Global Economic Governance and China

By: Yuyan Zhang

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The Change of Global Economic Governance and China

By: Yuyan Zhang

This book focuses on global economic governance covering the following five areas: the theoretical and historical evolution of global economic governance, international financial governance, international trade and investment governance, global climate change and sustainable development governance, and international macroeconomic policy coordination. On the one hand, this book aims to provide a general analytical framework for studying global economic governance. On the other hand, the study on global economic governance involves understanding its historical development, exploring its emergence and evolution, analyzing what challenges global economic governance faces in the context of a new globalization, looking into its future development trends, and proposing the direction of the reform of global economic governance system on the above basis, and finally providing theoretical references and policy advice for China’s better participation in global economic governance.

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Page Count

468

Publisher

Springer Nature

Published Date

ISBN 10

9811906998

ISBN 13

9789811906992

Resolving China's Zombies: Tackling Debt and Raising Productivity

By: W. Raphael Lam,Mr.Alfred Schipke,Yuyan Tan,Zhibo Tan

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Resolving China's Zombies: Tackling Debt and Raising Productivity

By: W. Raphael Lam,Mr.Alfred Schipke,Yuyan Tan,Zhibo Tan

Nonviable “zombie” firms have become a key concern in China. Using novel firm-level industrial survey data, this paper illustrates the central role of zombies and their strong linkages with stateowned enterprises (SOEs) in contributing to debt vulnerabilities and low productivity. As a group, zombie firms and SOEs account for an outsized share of corporate debt, contribute to much of the rise in debt, and face weak fundamentals. Empirical results also show that resolving these weak firms can generate significant gains of 0.7–1.2 percentage points in long-term growth per year. These results also shed light on the ongoing government strategy to tackle these issues by evaluating the effects of different restructuring options. In particular, deleveraging, reducing government subsidies, as well as operational restructuring through divestment and reducing redundancy have significant benefits in restoring corporate performance for zombie firms.

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