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China: Economics Political and Social Issues

China: Economics Political and Social Issues

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China: Economics Political and Social Issues

China: Economics Political and Social Issues Summary:

 
By Jack M. Phillips, Logan J. Moore
  • Publisher:   Nova Science Publishers
  • Number Of Pages:   307
  • Publication Date:   2008-08
  • ISBN-10 / ASIN:   1604567279
  • ISBN-13 / EAN:   9781604567274
Product Description:

China's economic, political and societal issues have become major points of interest to countries all over the globe. This book presents in-depth analysis of such issues as foreign policy, political reform, and overall economic developments.


PREFACE
China's economic, political and societal issues have become major points of interest to
countries all over the globe. This new book presents in-depth analyses of issues such as
foreign policy, political reform, and overall economic developments.
Chapter 1 - The Asia-Pacific Economic Cooperation (APEC) has been universally
acknowledged as the major regional economic cooperation organization for the liberalization
and facilitation of trade and investment (TILF) in the Asia-Pacific region. However, APEC’s
role as leader in the Asia-Pacific region is being challenged. In 2004, an emerging China
entered into a landmark agreement with ASEAN, which is the 2004 ASEAN-China accord
that portends to establish the world’s largest free trade area by the year 2010. As a result, the
fate of APEC largely became intertwined with the fate of China.
APEC was formed in 1989, and evolved from a regional economic consultative body,
into an organization explicitly addressing political concerns in the region. APEC is the byproduct
of evolving international political economy concerns, from the post-Cold War, post-
East Asian financial crisis, to post-9/11 and global threats of mega-terrorism. APEC has
suffered a crisis in lack of credibility since the East Asian financial crisis; many perceive that
APEC failed to adequately respond to the crisis. However, APEC’s credibility has been more
harmed by a perceived inability to accomplish the Bogor goals. In 1994, APEC member
economies signed the Bogor Declaration, and developed economies pledged to eliminate
trade and investment barriers by 2010, while developing economies pledged to eliminate
trade and investment barriers by 2020. Some critiques link accomplishing the Bogor goals to
APEC’s survival and relevancy in the new millennium.
A critique of APEC based solely on the Bogor goals results in a denial of other equally
important relevancies, serving as harbingers for survivability and continuing relevancy. In the
new millennium, APEC’s survival and continuing relevancy will lie in its historical
commitment to TILF. However, historical relevancies must also allow for adjustments
reflecting new international political economy concerns, such as, global threats of megaterrorism,
the 2004 ASEAN-China accord, termination of the WTO Multi-Fibre Agreement
(MFA) of 1974, and what is being dubbed “JACIK,” a prospective free trade super mega
zone, comprising ASEAN, China, Japan, India and the Republic of Korea. Moreover, survival
for APEC in the new millennium means encompassing an explicit economic agenda, in
conjunction with an explicit international relations (political) agenda. APEC will survive in
the new millennium by incorporating the latter relevancies, which reflect both historical
relevancies, and evolving relevancies from changing and dynamic international political
economy environments.
Chapter 2 –This chapter outlines the trade barriers in China. The U.S. goods trade deficit
with China was $232.5 billion in 2006, an increase of $31 billion from $201.5 billion in 2005.
U.S. goods exports in 2006 were $55.2 billion, up 31.7 percent from the previous year.
Corresponding U.S. imports from China were $287.8 billion, up 18.2 percent. China is
currently the 4th largest export market for U.S. goods.
U.S. exports of private commercial services (i.e., excluding military and government) to
China were $9.1 billion in 2005 (latest data available), and U.S. imports were $6.5 billion.
Sales of services in China by majority U.S.-owned affiliates were $5.1 billion in 2004 (latest
data available), while sales of services in the United States by majority China-owned firms
were not available in 2004 ($321 million in 2002 is latest data available).
Chapter 3 - Asia presents one of the most vibrant economic environments in the world.
China and India have emerged as the leaders in the Asian region due to their rapid growth and
market size. Consequently, equity markets in both China and India have significantly
developed following liberalization in the early 1990s. The rapid growth of these economies
coupled with the development of their financial markets has attracted significant portfolio
investment from U.S. investors. For example, U.S. equity portfolio flows have increased from
0.63 billion to 7.14 billion in China and from 0.5 to 11 billion in India between 1994 and
2005.
This research examines the dynamic nature of the relationship between U.S. portfolio
equity flows and equity returns in China and India. To understand the linkages between
equity flows, market returns, and other variables we dissect our empirical findings as follows:
first, the authors examine the correlations between stock market returns and portfolio flows;
second, they decompose flows into expected and unexpected components to analyze how
returns are influenced by different flow components; and third, they explore the dynamic
relationships among flows, returns, and related variables. The authors’ findings show that
flows are ‘pulled’ into China and India by returns greater than U.S. market returns.
Additionally, they find that the Indian equity index is influenced by U.S. investment activity
and dividend yields, whereas the Chinese equity index is statistically unaffected by foreign
investor behavior and fundamental determinates of value. This supports the ideas espoused in
the popular press that the Chinese government still plays a major role in determining equity
prices. A unique finding of this research is that the variance of the flow sequence in both
China and India is better explained by shock to fundamentals vs. shocks to returns. This
indicates that large American investors are making portfolio allocation decisions not simply
on the basis of simple ‘return chasing’, but are at least partially informed about the markets of
China and India. The authors anticipate that the strong relationship between equity flows and
fundamentals should strengthen in the future as information asymmetries decline and U.S.
investors continue to develop more sophisticated methods of assessing underlying value in
these markets.
Chapter 4 - Oriental cultures differ from white, Christian cultures in the structure by which
the family is organized and the way children are brought up. The formal representation of the
Oedipus complex in Confucian Chinese society shows a distinct difference from that of white,
Christian, Western societies. The classic oedipal situation as described by Freud seldom, if ever,
exists in pre-modern Chinese literary works, but variant forms do appear even in classical
Chinese literature. In this chapter, the author attempts to explore to what extent the Oedipus
complex as the "fate of all of us" is true of other cultures. The author inquires, however, not by
conducting a case study of social data collected in a non-Western culture, but by analyzing
textual data contained in a literary masterpiece in an approach adopted by Freud when he
formulated his initial idea of the Oedipus complex. The literary text is China’s greatest classical
novel, the Hongloumeng, authored by Cao Xueqin, which has two complete English
translations: A Dream of Red Mansions and The Story of the Stone. This masterpiece offers an
encyclopedic representation of traditional Chinese family life and narrates deeply hidden
oedipal themes. Although their formal structure is very different from the triadic structure of the
classical Freudian concept, it still falls within what Ernest Jones calls "the nuclear family
complex." The author’s case study will be conducted in relation to various debates on the
Oedipus complex in the West.
Chapter 5 - The purpose of this chapter is to present a framework for understanding
Chinese business culture and negotiating style. The author has had opportunities to discuss
this topic with a large number of foreign executives. Many of them said they loved to
negotiate and work with the Chinese. They perceived Chinese businesspeople as sincere
business “gentlemen” who worked at a high level of mutual trust and respect. However, many
others gave a diametrically different picture; they hated to negotiate with the Chinese and
they were fed up with the tricky Chinese style of negotiating. In their eyes, the Chinese are
“immoral” businesspeople who can “cheat”, “lie”, or just do whatever is necessary to knock
you off balance at the negotiation table.
The author was struck by this contradictory image and was very much a part of this
Chinese phenomenon some years ago when negotiating (as a Chinese negotiator) with foreign
businesspeople: the Chinese negotiator is a both sincere and deceptive negotiator. This
chapter aims to decode the paradox of Chinese negotiating style. The author starts by
discussing the philosophical foundation of Chinese culture. Next, he presents will present a
model of Chinese business culture. The chapter will conclude with managerial implications
about how to do business effectively in China. A case study of Chinese negotiation behavior
will be presented in the Appendix.
Chapter 6 - The modern concept of child abuse as a public health concern originates from
Western societies. The various forms of child maltreatment have been extensively studied in
the past 40 years. However, studies of child abuse among Chinese communities are extremely
limited. The purpose of this study is to examine the clinical characteristics of child physical
abuse seen in a regional hospital that provides acute and ambulatory care to one-sixth of the
childhood population in Hong Kong. Children admitted into the hospital from January 1998
to June 2004 for management of suspected physical abuse were included. They were
examined by one of the designated paediatricians, Medical Coordinators on Child Abuse, and
were managed according to a hospital protocol and a set of inter-professional procedures. The
management included medical and health evaluation, injury documentation, nursing
observations, and a social enquiry into the family background and functioning, and the child’s
academic and behavioural problems at school. Seven hundred and twenty children had been
evaluated for suspected physical abuse during the study period. An increasing annual
incidence was seen and the number of cases had been rising by an average of 20% per year.
Boys (392, 54%) outnumbered girls (328, 46%). The mean and median ages were both 8.8
years. A sharp rise in the number of cases was seen after the age of 6 years, the time when
children started their primary school education. The male predominance was also evident
only during the pre-primary and primary education ages. The highest number of cases was
seen during May and June each year, the time when most students were preparing for their
year-end examination. 568 (79%) cases were eventually substantiated as child abuse. The
more severe injuries included intracranial bleeding (n=7), fractures (n=17), poisoning (n=16),
burns (n=12), and soft tissue lacerations (n=41). Two children died, one from shaken baby
syndrome and the other from carbon monoxide poisoning. Family dysfunction, including
dependency on social security (48%), parental conflicts (30%) and single-parenthood (29%),
was prevalent. Genuine behavioural problems (14%) and problems in studying (12%) of the
child concerned were less frequently seen. Hence, the pattern of physical abuse and
vulnerabilities in families revealed in this study are comparable to those of the Western
culture. The bias in the age and gender of the battered children may reflect the traditional and
higher expectation on the male offspring to excel academically, and the culturally fostered
practice of corporal punishment under such circumstances.
Chapter 7 - With two questionnaires named Money Ethics Scale (MES) and Propensity to
Engage in Unethical Behavior Scale (PEUBS), which are designed by the authors, this study
investigates randomly 204 managerial staffs and 395 university students, to analyze their
money profiles, and the relation between money profiles and unethical activity. The results
show that Achieving Money Worshiper and Careless Money Admirer have more possibility
to involve unethical activity than Apathetic Money Handler and Money Repeller when they
are faced with work stress, but Apathetic Money Handler and Money Repeller have more
possibility to involve unethical activity than Achieving Money Worshiper when they are
faced with unethical organizational context; university students have more possibility to
involve unethical activity than managerial staffs when they are faced with work stress,
conformity and organizational context.
Chapter 8 - Contrary to the expectations of many outside observers at the beginning of
the 1990’s the political system of the People's Republic of China (PRC) experienced
remarkably little transformation during the last decade of the twentieth century. The Chinese
Communist Party (CCP) weathered the aftermath of the bloody repression of the Tiananmen
democracy movement of 1989 as well as the demise of other Communist Party dictatorships
in Russia and Eastern Europe. Neither the transition of authority from the late Deng Xiaoping
to Jiang Zemin nor the passing of the helm from the latter to Hu Jintao at the Sixteenth Party
Congress convened in Beijing in November 2002 have ushered in large-scale elite in-fighting
or a systemic succession crisis disabling the functioning of the political system. Against this
backdrop of stability, it has been the more subtle changes to that system on which most
authors have pinned their hopes for a political transformation. These include inter alia the
building of the rule of law, a more independent role for people's congresses at different levels
of the political hierarchy, changing state-society relations and new intellectual trends.
However, one of the aspects receiving most attention in recent years has been ongoing
political reform in the Chinese countryside. The very dearth of other eye-catching reforms in
the political realm has made the adoption of direct elections at the basic-level of a Leninist
Party-state seems even more spectacular. These elections pertain to villagers’ committees
(VCs), the executive body at the rural grassroots-level which was instituted with the demise
of collective farming and the people's commune system in the early 1980s. Only after a
special law was passed in 1987 did these elections begin to resemble democratic procedures
and during the 1990s the spread of these was still quite uneven. Yet, problems of
implementation notwithstanding these elections have served as an impetus to pioneer
elections for other positions of the Party and state apparatuses. All of these reforms, to be
dealt with in more detail below, have raised the eyebrows of Western China-watchers.
While it appears easy to explain the attention paid to grassroots political reforms in rural
China, the extent of these changes and their impacts remain hard to gauge given the huge area
and diverse nature of the Chinese countryside. In fact, Jonathan Unger aptly called rural
politics in China "kaleidoscopic" because of the wide variations existing between different
localities. Nevertheless, it is probably not too early to raise questions pertaining to the nature
of these political transformations. Specifically, this article addresses the question which
driving forces behind them can be identified. The author argues that political change at the
grassroots-level in rural China has neither been a story of top-down reform, nor of bottom-up
initiative, but rather a mixture of both and that during the process new actors which he terms
bureaucratic entrepreneurs, policy advocates and policy entrepreneurs came to play
significant roles. First, it will be necessary to sketch the economic transformations in rural
China during the reform era to elaborate different reform patterns. The author then turns to
the political reforms taking place in this new context and attempt to identify which pattern
best serves to explain these. In doing so, he focuses on political reforms defined as a
restructuring of formal political institutions. Accompanying changes in political attitudes and
the political culture of rural China are addressed only where they are perceived as either
driving forces or results of these institutional reforms.
Chapter 9 - This chapter provides an overview of the Muslim separatist movement in
China's northwestern Xinjiang Uighur Autonomous Region, China's attempts to stifle
activities, which it considers terrorism, and implications for U.S. policy. Some analysts
suggest that the U.S.-led campaign against terrorism may make it difficult to pressure the
Chinese government on human rights and religious freedoms, particularly as they relate to
Uighur Muslims in Xinjiang.
China also has reportedly stepped up its suppression of Uighur Muslims following the
attacks in the United States on September 11, 2001. A policy question for the United States is
how to balance the anti-terrorist campaign with traditional concerns over human rights in
China's western region, and how to react should Beijing use the threat of terrorism to abrogate
rights of autonomy in Xinjiang as provided for in China's constitution.
Chapter 10 - The technology market was built upon under the circumstance of the largescale
reform on the system of economy as well as science and technology. The core of the
reform was to improve the integration among Science and Technology with economic and
social development, accelerate the application and dissemination of the S&T achievements as
well as give full play to S&T as the primary productive force.
In accordance with reforming on the whole system of science and technology, China also
reformed the technology transfer system. The orientation was to discard the drawbacks of the
former application and dissemination system on S&T system, to establish a market-guided
technology transfer system and enhance the motivation and energy of technology
development and transfer  
 
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