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China’s Labor Market in the “New Normal”

2015-07-13 Business & Economics
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Release : 2015-07-13
Genre : Business & Economics
Kind : eBook
Book Rating : 401/5 ( reviews)

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Book Synopsis China’s Labor Market in the “New Normal” by : Mr.Waikei W. Lam

Download or read book China’s Labor Market in the “New Normal” written by Mr.Waikei W. Lam. This book was released on 2015-07-13. Available in PDF, EPUB and Kindle. Book excerpt: As China implements reforms under the “new normal,” maintaining stability in the labor market is a priority. The country’s demography and labor dynamics are changing, after benefitting in past decades from ample cheap labor. So far, the labor market appears to be resilient, even as growth slows, driven in part by expansion of the services sector. Migrant flows and possible labor hoarding in overcapacity sectors may also help explain this. Yet, while the latter two factors help serve as shock absorbers— contributing to labor market stability in the short term—if they persist, they may delay the needed adjustment process, contributing to an inefficient allocation of resources and curtailing productivity gains. This paper quantifies to what extent structural trends and the reform pace affect employment growth under the new normal. Delays in reform implementation would weaken growth prospects in the medium term, running the risk that job creation will fall below policy targets, leading to labor market pressures in the future. In contrast, successful transition might require faster reforms, including in the overcapacity and state-owned enterprise sectors, supported by well targeted social safety nets.

China's Labor Market in the "new Normal"

2015 Labor market
Download China's Labor Market in the

Author :
Release : 2015
Genre : Labor market
Kind : eBook
Book Rating : 962/5 ( reviews)

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Book Synopsis China's Labor Market in the "new Normal" by : W. Raphael Lam

Download or read book China's Labor Market in the "new Normal" written by W. Raphael Lam. This book was released on 2015. Available in PDF, EPUB and Kindle. Book excerpt: As China implements reforms under the "new normal," maintaining stability in the labor market is a priority. The country's demography and labor dynamics are changing, after benefitting in past decades from ample cheap labor. So far, the labor market appears to be resilient, even as growth slows, driven in part by expansion of the services sector. Migrant flows and possible labor hoarding in overcapacity sectors may also help explain this. Yet, while the latter two factors help serve as shock absorbers- contributing to labor market stability in the short term-if they persist, they may delay the

China’s Labor Market in the “New Normal”

2015-07-13 Business & Economics
Download China’s Labor Market in the “New Normal” PDF Online Free

Author :
Release : 2015-07-13
Genre : Business & Economics
Kind : eBook
Book Rating : 692/5 ( reviews)

GET EBOOK


Book Synopsis China’s Labor Market in the “New Normal” by : Mr.Waikei W. Lam

Download or read book China’s Labor Market in the “New Normal” written by Mr.Waikei W. Lam. This book was released on 2015-07-13. Available in PDF, EPUB and Kindle. Book excerpt: As China implements reforms under the “new normal,” maintaining stability in the labor market is a priority. The country’s demography and labor dynamics are changing, after benefitting in past decades from ample cheap labor. So far, the labor market appears to be resilient, even as growth slows, driven in part by expansion of the services sector. Migrant flows and possible labor hoarding in overcapacity sectors may also help explain this. Yet, while the latter two factors help serve as shock absorbers— contributing to labor market stability in the short term—if they persist, they may delay the needed adjustment process, contributing to an inefficient allocation of resources and curtailing productivity gains. This paper quantifies to what extent structural trends and the reform pace affect employment growth under the new normal. Delays in reform implementation would weaken growth prospects in the medium term, running the risk that job creation will fall below policy targets, leading to labor market pressures in the future. In contrast, successful transition might require faster reforms, including in the overcapacity and state-owned enterprise sectors, supported by well targeted social safety nets.

China's Economy In Transformation Under The New Normal

2017-07-07 Business & Economics
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Release : 2017-07-07
Genre : Business & Economics
Kind : eBook
Book Rating : 21X/5 ( reviews)

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Book Synopsis China's Economy In Transformation Under The New Normal by : Sarah Yueting Tong

Download or read book China's Economy In Transformation Under The New Normal written by Sarah Yueting Tong. This book was released on 2017-07-07. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the recent development and prospect of the Chinese economy as the country adapts to changing domestic and external settings. After more than three decades of near double-digit annual expansion, the country's growth decelerated considerably to enter a new era of the so-called New Normal.At the macro level, considerable amount of overhaul is required to improve governance and enhance regulatory effectiveness. These include monetary policy adjustment, financial sector development and taxation reforms.As the Chinese government at both the central and local levels plays an important role in promoting growth, issues such as the role of local government and the reform of state-owned enterprises are examined in this book. Topics such as the development of private consumption and industrial upgrading are also assessed. The book discusses several matters considered important to China's social and economic cohesion including the management of agricultural product reserves, the development of a functioning social security system and regional development. To help project a long-term view of China's economic strength, the book also examines such factors as development in population and the labour market.This book provides a comprehensive analysis of China's economy and identifies the recent developments that matter to China's economic future.

China’s New Normal, Supply-side, and Structural Reform

2021-11-29 Business & Economics
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Release : 2021-11-29
Genre : Business & Economics
Kind : eBook
Book Rating : 205/5 ( reviews)

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Book Synopsis China’s New Normal, Supply-side, and Structural Reform by : Cai Fang

Download or read book China’s New Normal, Supply-side, and Structural Reform written by Cai Fang. This book was released on 2021-11-29. Available in PDF, EPUB and Kindle. Book excerpt: China’s continuous, rapid economic growth since the Reform and Opening up of the country in the early 1980s has been praised as a miracle of the world economy. However, since 2012, the rate of growth has slowed down, rendering some people pessimistic about the country’s economic prospects. This title is a collection of a leading Chinese economists’ views on China’s economic growth and structural reform. The author argues that China’s economy has entered “the new normal”, meaning that slowed growth rate is not a cyclical phenomenon but a change in the stage of economic development. Therefore, there is a need to enact supply-side structural reforms, such as improved efficiency of resource reallocation, while shifting the mode of development from one of inputs to innovation. In addition, the author discusses the five major concepts of development proposed for the “13th Five-Year Plan”, as well as some critical topics related to supply-side structural reform, such as agricultural development, labor employment, and product quality. Scholars and students of macroeconomics, development economics, and the Chinese economy will find this book to be essential reading.

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