China’s Growth Transition: Challenges and Global Adjustments

China’s continued growth has generated an historically unprecedented reduction in global poverty, and real income growth for the World Economy. But it has also reshaped the geography of world manufacturing trade; raised the pressure on natural resources  and transformed world political and strategic priorities. As China’s growth slows,  new challenges are emerging both for China and the world economy. This Research group is focused on the economic and political challenges arising from China's rise. Examples include: the need for economic reforms and whether China can avoid the middle income trap; understanding how China can manage a transition to a more domestic consumer and service oriented economy, with high productivity and incomes, and; the implications of China’s slowing growth for the world economy in terms of commodity prices, inequality, trade and capital markets and economic security.


 The workshop will focus on the challenges that arise from China’s growth prospects and their global implications.

 (i) Can China continue reforms and avoid the middle income trap and manage a transition to a more domestic consumer and service oriented economy, with high productivity and incomes.

 (ii) What are the macroeconomic implications of China’s slowing growth for the world economy in terms of commodity prices, inequality, trade and capital markets and economic security.

Conference- China’s Growth Transition: Challenges and Global Adjustments , 3rd -4th October 2016

In 2018 

Academic Publications: (ten in total)

◦       Zhu, Ning, Yanrui Wu, Bing Wang and Zhiqian Yu, 2019, “Risk Preference and Efficiency in Chinese Banking”, China Economic Review 53, 324-41

◦       “Post-disaster Aid and Development of the Manufacturing Sector: Lessons from a Natural Experiment in China” (Erwin Bulte, Lihe Xu, and Xiaobo Zhang), European Economic Review, 101: 441–458, 2018.

◦       “Home Ownership as Status Competition: Some Theory and Evidence,” (Shang-jin Wei, Xiaobo Zhang, and Yin Liu), Journal of Development Economics,127: 169-186, 2017.

Policy Input: 

 " China’s economic power is actually a lot smaller than you think" published in The Conversation

2017

Academic Publications: (five in total)

◦       Li, Q., Wu, Y. 2017, 'Intangible capital in Chinese regional economies: Measurement and analysis', CHINA ECONOMIC REVIEW

◦       "WTO Accession and Performance of Chinese Manufacturing Firms" (2017) with Loren Brandt, Johannes Van Biesebroeck and Luhang Wang, American Economic Review, 107(9)

◦       Wei, Shang-Jin, Zhuan Xie, and Xiaobo Zhang. 2017. "From "Made in China" to "Innovated in China": Necessity, Prospect, and Challenges." Journal of Economic Perspectives, 31(1): 49-70.

◦       Post-disaster Aid and Development of the Manufacturing Sector: Lessons from a Natural Experiment in China” (Erwin Bulte, Lihe Xue, and Xiaobo Zhang), European Economic Review, 101: 441–458, 2018.

◦       Roads to innovation: Firm-level evidence from China,” (Xu Wang, Zhuan Xie, Xiaobo Zhang, and Yiping Huang), China Economic Review, forthcoming.

Scholarly event:

       Academic Conference held at UWA “China’s New Normal Growth: Opportunities and Challenges”, 12-14 July 2017, aprox 200 participants.

Professor Xiaobo Zhang, Peking University

Dr Yong Wang, Pecking University

Professor Michael Song, The Chinese University of Hong Kong

Professor David Abler, Penn State University

Professor Haroon Bhorat, University of Cape Town

Professor Jingdong Yuan, The University of Sydney

Professor Jianqing Ruan, Zhejiang University

Professor Rod Tyers, The University of Western Australia (UWA)

Professor Peter Robertson, The University of Western Australia (UWA)

Professor Yanrui Wu, The University of Western Australia (UWA)

Professor Nicolaas Groenewold , The University of Western Australia (UWA)

Dr Longfeng Ye, Xi’an Jiaotong Liverpool University

Dr Dan Lu, University of Rochester

Dr Shawn Chen, The University of Western Australia (UWA)

Dr Simon Chang, The University of Western Australia (UWA)

Dr Bei Li, The University of Western Australia (UWA)

Dr Sam Tang, The University of Western Australia (UWA)

Dr Jing Zhang, Renmin University of China

Dr Yu Sheng, Institute of Agriculture, Peking University 

Dr Ivan Roberts, Reserve Bank of Australia

Professor Yifan Zhang, Chinese University of Hong Kong

Professor Yanrui Wu, The University of Western Australia (UWA)

Professor Fung Kwan, Uni of Macau

Professor Mark Beeson, UWA

Dr Chris Parsons, University of Western Australia

Dr Anpeng Li, Australian National University

Professor Michael Song, The Chinese University of Hong Kong

Understanding Cultures