Rethinking China’s Economical Policy in the New Era

DOI

10.2991/978-94-6463-638-3_19How to use a DOI?

Keywords

Chinese economy; domestic consumption; investment; export; belt and road initiative; foreign direct investment; consumer price index; purchasing managers’ index

Abstract

After nearly 5 decades of reform and opening up, China is entering a new era now. The traditional way of stimulating economy using massive investment on infrastructures has shown lesser effect in terms of return of interest. In addition, the export and domestic consumption is experiencing challenges due to multilateral with the USA and EU. This study is to examine the fundamental problems below the surface, and explore the economical and developmental challenges that the Chinese society is now facing and provide feasible suggestions in a structural way under the unique cultural context of China. Three Chinese databases are searched including CNKI, Wanfang Data, and CQVIP. The Chinese search engines Quark and Baidu, AI agent named Doubao are also applied in this study. The developmental and economical challenges encountering by the Chinese society are explored and discussed thoroughly in this research. It is concluded that there should be a more comprehensive and structural way of understanding on the challenges of China is facing now. Furthermore, it is critical to balance investment, export, and domestic consumption, in a way to sustain the Chinese economy in the long run.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Hao Cai
AU  - Le Cao
AU  - Peiqin Xu
AU  - Rong Ye
AU  - Si Gao
AU  - Yanguang Cai
PY  - 2024
DA  - 2024/12/30
TI  - Rethinking China’s Economical Policy in the New Era
BT  - Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024)
PB  - Atlantis Press
SP  - 189
EP  - 199
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-638-3_19
DO  - 10.2991/978-94-6463-638-3_19
ID  - Cai2024
ER  -