@article{485699,
      recid = {485699},
      author = {Cheung, Yin-Wong, and Haan, Jakob de,},
      title = {The evolving role of China in the global economy /},
      publisher = {MIT Press,},
      address = {Cambridge, Mass. :},
      pages = {1 online resource (xiv, 457 pages) :},
      year = {2013},
      note = {Title from title screen.},
      abstract = {Experts analyze four factors in China's economic growth:  exchange rate policy, savings and investments, monetary  policy, and foreign direct investments. China is now the  world's second largest economy and may soon overtake the  United States as the world's largest. Despite its adoption  of some free-market principles, China considers itself a  "socialist-market economy," suggesting that the government  still plays a major role in the country's economic  development. This book offers a systematic analysis of four  factors in China's rapid economic growth: exchange rate  policy, savings and investment, monetary policy and capital  controls, and foreign direct investment (FDI). Contributors  offer fresh perspectives on the undervaluation of the  renminbi, the dollar peg, and China's macroeconomic  relationships with the rest of the world. They review  factors shaping China's saving dynamics and analyze the  growth of the private sector despite limited access to  external finance. They examine the monetary policy  independence of the People's Bank of China, offshore  markets for China's currency, and the effectiveness of  China's capital controls. Finally, they consider Chinese  FDI in terms of China's growing demand for energy and raw  materials, exploring the factors that drive China's FDI in  the conventional oil-producing countries and in Africa.},
      url = {http://library.usi.edu/record/485699},
}