Rethinking China’s Economical Policy in the New Era

Hao Cai (), Le Cao (), Peiqin Xu (), Rong Ye (), Si Gao () and Yanguang Cai ()
Additional contact information
Hao Cai: Dongguan Industrial Investment Holding Group Co., Ltd., Department of Investment and Development
Le Cao: Guangdong Dongshao Industrial Investment Development Co., Ltd., Dongguan Industrial Investment Holding Group Co., Ltd.
Peiqin Xu: Rongmeng Dacheng (Guangzhou) Consulting Co., Ltd.
Rong Ye: Dongguan Intellectual Property Protection Center, Dongguan Administration for Market Regulation(Dongguan Intellectual Property Administration)
Si Gao: Beijing ZhongkeYaotu Technology Co., Ltd.
Yanguang Cai: School of Intelligent Manufacturing and Electrical Engineering, Guangzhou Institute of Science and Technology, School of Automation, Guangdong University of Technology

A chapter in Proceedings of the 5th International Conference on Economic Management and Big Data Application (ICEMBDA 2024), 2024, pp 189-199 from Springer

Abstract: 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.

Keywords: Chinese economy; domestic consumption; investment; export; belt and road initiative; foreign direct investment; consumer price index; purchasing managers’ index (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-638-3_19

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