After more than three decades of rapid growth, China is now entering into the New Normal Era, which will be characterised by slower but sustainable, quality growth for several decades to come. How China will fare under the New Normal Era matters not only for itself but also for its great impact on global prosperity.
While presenting as the second instalment of ACI's annual tracking of the dynamics of competitiveness among 34 Greater China economies, this volume also includes the results of the inaugural regional competitiveness analysis for five regions of Greater China. As regional imbalance in socioeconomic advancement is a serious issue China has to face up to under the New Normal Era, the results of such competitiveness analysis at provincial and regional levels offer insights for policy-makers to help address concerns associated with the regional disparity in development, and facilitate industry leaders and other stakeholders in identifying challenges and opportunities for sound decision making.
Sample Chapter(s)
Foreword (48 KB)
Chapter 1: Organisation, Structure and Methodology (95 KB)
Contents:
- Foreword
- Preface
- Acknowledgements
- About the Authors
- List of Economies
- List of Abbreviations
- List of Tables and Figures
- Organisation, Structure and Methodology
- 2014 Annual Update on Competitiveness Ranking and Simulation Studies for 34 Greater China Economies
- 2014 Inaugural Regional Competitiveness Analysis for Greater China
- Competitiveness Analysis on the Eastern Coastal Area in China: Beijing, Fujian, Guangdong, Hainan, Hebei, Jiangsu, Shandong, Shanghai, Tianjin and Zhejiang
- Competitiveness Analysis on the Central China: Anhui, Henan, Hubei, Hunan, Jiangxi and Shanxi
- Competitiveness Analysis on the Western China: Chongqing, Gansu, Guangxi, Guizhou, Inner Mongolia, Ningxia, Qinghai, Shaanxi, Sichuan, Tibet, Xinjiang and Yunnan
- Competitiveness Analysis on the North-Eastern China: Heilongjiang, Jilin and Liaoning
- Competitiveness Analysis on Hong Kong, Macau and Taiwan
- Geweke Causality Analysis on Development Strategies of Jiangsu and Taiwan
- Conclusion and the Way Forward to the "New Normal" for Greater China
- Appendices:
- Political Development and Social Experiment in Contemporary China
- Provincial Level Economies Competitiveness Analysis-List of Indicators
- Competitiveness Analysis-The Algorithm
- Regional Competitiveness Analysis — List of Indicators and Notes on Data Aggregation Method
Readership: Scholars and researchers interested in China's economic development, categorized by provinces.
"Myriads of political, economic and cultural factors are intertwined in East Asia, making this region both fascinating and challenging as a research topic. ACI has done a remarkable job in tracking and analysing the evolving competitiveness landscape of East Asia and particularly Greater China, resulting in many excellent research findings, which are of great reference value to East Asian countries and the whole world. Shandong Academy of Social Sciences will take every opportunity to cooperate with ACI to study economic development in Shandong province and its neighbouring regions."
Dr Tang Zhouyan
Dean
Shandong Academy of Social Sciences
People's Republic of China
"In the debate of pressing socioeconomic issues, there has never been a shortage of advice purely hinged on qualitative reasoning or theoretical arguments. What is lacking in public policy discourse is an evidence-based, quantitative approach driven by objective analysis of empirical data, which is exactly what is embodied in the methodology crafted by ACI to gauge competitiveness at sub-national levels. Therefore, the messages conveyed here will form an invaluable source of reference to inspire better government policy formulation as well as business strategic planning."
Professor Lee Cheng-Few
Distinguished Professor of Finance and Economics
Rutgers Business School, Rutgers University and
Editor, Review of Quantitative Finance and Accounting and
Review of Pacific Basin Financial Markets and Policies
Tan Khee Giap is a Co-Director of the Asia Competitiveness Institute (ACI) and Associate Professor at the Lee Kuan Yew School of Public Policy, National University of Singapore. He is also the Chairman of the Singapore National Committee for Pacific Economic Cooperation. Upon graduating with a PhD from University of East Anglia, England, in 1987 under the Overseas Research Scheme awarded by the Committee of Vice-Chancellors and Principals of the Universities of the United Kingdom. He joined the banking sector as a treasury manager and served as secretary to the Assets and Liabilities Committee for three years, there after he taught at the Department of Economics and Statistics, National University of Singapore, 1990–1993. Dr Tan joined Nanyang Technological University in 1993 and was Associate Dean, Graduate Studies Office, 2007–2009. Dr Tan has consulted extensively with the various government ministries, statutory boards and government linked companies of Singapore government. He has also served as a consultant to international agencies such as the Asian Development Bank, Asian Development Bank Institute, United Nations Industrial Development Group, World Gold Council, ASEAN Secretariat, Central Policy Unit of Hong Kong, Kerzner International, Las Vegas Sands and Marina Bay Sands. Dr Tan is the lead author for eight books and published widely in international refereed journals. His current research interests include econometric forecasting, Cost of Living Index, Global Liveable Cities Index and competitiveness analysis on 31 provinces in China, 35 states in India and ASEAN-10 economies. Dr Tan was Deputy President of the Singapore Economic Society, 2004. He served in the 2002 Economic Review Committee (ERC), served as Chairman of the Task Force on Portable Medical Benefits (PMB), served as the Deputy Chairman of the IPS Forum for Economic Restructuring (IFER) in 2003 and served as a member of the Resource Panel of the Government Parliamentary Committee for Transport and Government Parliamentary Committee for Finance and Trade since 2007. Dr Tan has extensively advised and guided multinational corporations leading to public listings especially those companies from Mainland China and Taiwan. He is also currently an Independent Director of publicly listed Artivision, BreadTalk Group, Boustead Projects and TEE Land.
Yuan Randong is a Research Associate at the Asia Competitiveness Institute (ACI) at the Lee Kuan Yew School of Public Policy (LKYSPP), National University of Singapore (NUS). He obtained a joint degree from NUS and Australian National University (ANU) in Economics and Actuarial Studies with first class honours in 2012. At ACI, he focuses on data analysis and competitiveness studies of the Greater China economies. Yuan Randong's research interests include financial economics, econometric modelling, and economic development and competitiveness of the Greater China economies. As a co-author, he published an editorial opinion on public policy in Singapore, a journal paper in International Journal of Chinese Culture and Management.
Sangiita Yoong Wei Cher is a research assistant at the Asia Competitiveness Institute (ACI) of Lee Kuan Yew School of Public Policy (LKYSPP), National University of Singapore (NUS). She graduated with a second upper joint honours degree from NUS and Australian National University (ANU) in economics and actuarial studies in 2012. She was an ASEAN scholar and was awarded the Dean's list. At ACI, her work focuses on data analysis and competitiveness studies of Greater China economies. Sangiita Yoong's research interests include competitiveness analysis of Greater China economies, quantitative data analysis and econometric modelling. She co-authored a review article on public policy in Singapore, and a journal paper in International Journal of Chinese Culture and Management.
