China has enjoyed a higher growth rate for a longer period than any other nation to date. This volume brings together leading economists to analyse this unprecedented economic boom, and discuss prospects for the future. Chapters address a wide range of issues, covering not only financial systems, but also the social and cultural impact of growth.

Autorentext
MASAHIKO AOKI. Henri and Tomoye akahashi Professor Emeritus in the Department of Economics and a senior fellow of Stanford Institute of Economic Policy Research and Freeman Spogli Institute of International Studies at Stanford University. Fellow of the Econometric Society. Former President of the International Economic Association (2008-2011) ALLEN, FRANKLIN. Nippon Life Emeritus Professor of Economics and Co-Director of the Financial Institutions Centre at the Wharton School of the University of Pennsylvania. Former President of the American Finance Association and a Fellow of the Econometric Society BAI, CHONG-EN. Mansfield Freeman Professor of Economics, School of Economics and Management, Tsinghua University; Director, National Institute for Fiscal Studies, Tsinghua University. BANNISTER, JUDITH. Senior demographer and China Specialist who works as an independent consultant in Silicon Valley, California, and with javelin Investments in Beijing, China. She was formerly the director at the Conference Board, New York and Beijing, and Chief of the International Programs Centre, US Bureau of the Census, Washington DC BLOOM, DAVID. David Clarence James Gamble Professor of Economics and Demography, Department of Global Health and Population, Harvard School of Public Health. Director of the Program on the Global Demography of Ageing at Harvard University. Fellow of the American Academy of Arts and Sciences. Faulty research associate of the National Bureau of Economic Research CAI, FANG. Academician, Professor and Director of Institute of Population and Labor Economics, Chinese Academy of Social Sciences. Vice President of China Population Association. Member of the Standing Committee of the 11th National People's Congress CAO, JING. Associate Professor of Economics at the School of Economics and Management, Tsinghua University, and research fellow at the Center for China in the World Economy CHI, WEI. Associate Professor in the Department of Human Resources and Organization behaviour in the School of Economics and Management at Tsinghua University EGGLESTON, KAREN. Center Fellow and Director of the Asia Health Policy Program, Walter H. Shorenstein Asia-Pacific Research Center, Stanford University FREEMAN, RICHARD. Herbert Ascherman Chair in Economics at Harvard University. Currently serving as Faculty Co-Director of the Labor and Worklife Program at the Harvard Law School, Directing the National Bureau of Economic Research / Sloan Science Engineering Workforce Projects, and a Senior Research Fellow in Labour Markets at the London School of Economics' Centre for Economic Performance HO, MUN. Member of the Harvard China Project and Visiting Scholar at Resources for the Future, Washington DC HONGBIN LI. C.V. Starr Professor of Economics and Changjiang Professor of Economics in the School of Economics and Management at Tsinghua University. Executive Associate Director of the China Data Center, Tsinghua University HUANG, DARIEN. Doctoral candidate in the Finance department at the Wharton School, University of Pennsylvania JORGENSON, DALE W. Samuel W. Morris University Professor at Harvard University and Distinguished Fellow of the American Economic Association LI, XING. Graduate student, Department of Economics, Stanford University LIU, CHONG. Graduate student, Guanghua School of Management, Peking University LOU, JIWEI. Chairman and CEO of China Investment Corporation (CIC). Former Deputy Secretary General (ministerial level) of the State Council, and Executive Deputy Minister of Finance. PERKINS, DWIGHT H. Harold Hitchings Burbank Professor of Political Economy, Emeritus in the Economics Department, Harvard University and in the Harvard Kennedy School of Government. Former Director of the Harvard Institute for International Development and the Harvard Asia Center, and former Chairman of the Department of Economics QIAN, JUN 'QJ'. Associate Professor of Finance and Haub Family fellow at the CarrollSchool of Management, Boston College. Research Fellow at the Wharton Financial Institutions Center and the China Academy of Financial Research ROSENBERG, LARRY. Research Associate at the Harvard School of Public Health WENG, XI. Assistant Professor of Econometrics, Guanghua School of Management, Peking University WU, BINZHEN. Assistant Professor, School of Economics and Management, Tsinghua University WU, JINGLIAN. Bao Steel Chair Professor of Economics, member of the Academic Council and a Faculty member at CEIBS. Senior Research Fellow at the Development Research Centre of the State Council of the People's Republic of China. Member of the Standing Committee of the Chinese People''s Political Consultative Conference. Professor of Economics at the Gradutate School of the Chinese Academy of Social Sciences. Honorary President of the International Economic Association XU, CHENGGANG. Quoin Professor in Economic Development at the School of Economics and Finance, University of Hong Kong. Professor, Department of Economics, Seoul National University. Special Term Professor at the School of Economics and Management, Tsinghua University. Research Fellow at the Centre for Economic Policy Research (CEPR). Senior Fellow at the Asian Research Centre, London School of Economics. President of the Asian Law and Economics Association. ZHAO, MENGXIN. Assistant Professor of Finance, University of Alberta, Canada ZHAO, WEN. Assistant Professor of Population and Labor Economics, Chinese Academy of Social Sciences ZHOU, LIAN. Professor of Economics at Guanghua School of Management, Peking University. Associate Director of IEPR at Peking University.

Inhalt
Introduction PART I: FITOUSSI LECTURE Economics and China's Economic Rise; J.Wu PART II: PERSPECTIVES OF THE CHINESE ECONOMY China's Investment and GDP Growth Boom: When and How will it End? D.Perkins Six Systemic Reforms with which China must press ahead; J.Lou When Demographic Dividend Disappears: Growth Sustainability of China; F.Cai & W.Zhao PART III: LABOR MARKET, SOCIAL INSURANCE AND DEMOGRAPHIC CHANGE Adjusting to Really Big Changes: The Labour Market in China, 1989-2009; W.Chi , R.Freeman & H.Li Social Insurance and Household Consumption in China; C.Bai & B.Wu Population Aging and Economic Growth in China; J.Banister , D.Bloom & L.Rosenberg Health, Education and China's Demographic Transition Since 1950; K.Eggleston PART IV: BANKING AND CORPORATE GOVERNANCE The Initial Public Offering of the Industrial and Commercial Bank of China (ICBC); F.Allen , D.Huang , J.Qian & M.Zhao PART V: ENVIRONMENTAL POLICY An Integrated Assessment of the Economic Costs and Environmental Benefits ofPollution and Carbon Control; J.Cao , M.Ho & D.Jorgenson PART VI: INSTITUTIONS IN CHINA'S DEVELOPMENT Institutional Foundations of China's Structural Problems; C.Xu Political Competition at a Multilayer Hierarchy: Evidence from China; C.Liu , X.Li , X.Weng & L.Zhou.