• KDI Journal of Economic Policy
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• 제46권1호
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• pp.1-19
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• 2024

This paper evaluates explanations for China's growth slowdown. The natural tendency for rapidly growing economies to slow down is a major factor, along with problems bequeathed by unbalanced growth, including a declining ICOR, slowing total factor productivity growth, and rising indebtedness. A number of other mechanisms are of lesser importance: demographics, President Xi's centralization of political power and anti-corruption campaign, and U.S. export controls. Sustaining growth in the longer term will require China to step away from investment, debt and export-fueled growth in favor of a balanced growth model with household consumption playing a larger role. Doing so will require hardening of the budget constraints of regional and local governments and restructuring of the nonperforming debts of property and construction companies.

• 한국인공지능학회지
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• 제7권2호
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• pp.9-12
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• 2019

With the Chinese government's attention to the artificial intelligence industry, the Chinese government has invested a lot in it recently. Of course, the importance of artificial intelligence industry for China's economic development is increasingly significant. The advent of artificial intelligence boom has also triggered a large number of scientists to analyze the impact of artificial intelligence on economic growth. Therefore, this paper use 31 China's cross-province panel data to study the effect of artificial intelligence on economic growth. Via empirical analyses under a series of econometric methods such as the province and year fixed effect model, the empirical result shows that artificial intelligence has a positive and significant effect on economic growth. Namely, the artificial intelligence is a new engine for economic growth. Meanwhile, the empirical results also indicate that the investment and consumption has a significant and positive effect on economic growth. Oppositely, the inflation and government purchase have a significant negative effect on economic growth. These findings in this paper also provide some important evidences for policy-makers to perform precise behaviors so as to promote the economic growth. Moreover, these finding enriches existing literature on artificial intelligence and economic growth.

• 수산경영론집
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• 제30권1호
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• pp.77-96
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• 1999

Since the onset of its economic reform and the open door policy in the late 1970s, China's overall economic growth rate has been continuing about 10% per year. The marine sector is not allowed exception, aquatic products increased sharply from 4.66 million MT in 1978 to 36.02 million MT in 1997, and then China is remained the largest producing country in the world aquatic market and her role would be expanded. Korea having a common boundaries to China is subjected unescapably both in domestic and export markets by the influence of the remarkable growth of China's aquatic products. If China were admitted entrance of WTO(World Trade Organization)in the near future, her influence is getting more serious. Well, we are necessary to understand the characteristics of China's aquatic products and to review fishery policies implemented by the China government. This paper is organized into two major parts, the one includes the structural changes of aquatic products, fishing and cultivating in the coast, latent and estimated production in China, and the other includes the main contents of fishery policies and measures of government administration. A characteristic of China's aquatic products is that cultivated production, especially, shellfish outputs continues to rapid increase. The major means of administration are an execution of fishing license system and setting up no-fishing zone and closed season for fishery. China is no longer a marginal player in international economic and world aquatic market. So, we will not only understand China's aquatic conditions and problems, but will also see the usefulness in continuing the cooperative relationship for a long time to come.

• East Asian Economic Review
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• 제19권1호
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• pp.99-114
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• 2015

What explains the sharp increase in the Chinese economy's indebtedness, in particular the China's onshore corporate debt? Has the overall debt burden reached a threshold where it poses a systemic risk, thereby making the economy vulnerable to a "Lehman Moment" - with disorderly unwinding of the private sector and sovereign debt? What are the short and longer term implications of China's growing debt problems on domestic economic growth and the broader global political economy? What has Beijing done to ameliorate the problem, how effective were its efforts, and what must it do to deal with this problem?

• The Journal of Asian Finance, Economics and Business
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• 제6권2호
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• pp.55-62
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• 2019

China has become the second largest economy since 2010. China's economy is supported by the rapid growth of its automobile industry. The rapid growth of the automobile and tire industry will increase the natural rubber (NR) demand as its primary raw materials. Although as a significant producer, China cannot fulfill the consumption by its domestic production. Thus China relies heavily on import from Southeast Asia countries as the primary producers of natural rubber in the world. China and Southeast Asia are dependent on their economy in terms of the availability of natural rubber as raw materials. But the economic slowdown in China since 2008 is expected to affect the international trading between China and Southeast Asia countries. This research aims to analyze the determinants of NR export from Southeast Asia to China using panel data analysis. The results show NR price, exchange rate, and China's economic slowdown significantly affect NR export to China, while Southeast Asian NR production has no significant effect. China as the main importer of NR from Southeast Asia has a big role in growing NR export in Southeast Asia. If China's economy doesn't improve soon, it will affect the economy in Southeast Asia.

• The Journal of Asian Finance, Economics and Business
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• 제9권10호
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• pp.15-27
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• 2022

Recently, as carbon dioxide (CO₂) emissions have increased overall and contributed to air pollution, and awareness of environmental degradation has grown. This study examines the impacts and causalities of economic globalization, economic growth, energy consumption, and capital formation on CO₂ emissions in China over the period 1971-2014. The vector error correction model (VECM) and Granger causality test on time-series data are employed to observe the interactions between CO₂ emission, economic globalization, and various economic factors, including economic growth, energy consumption, and capital formation, since China's early stage of globalization. The empirical results indicate the existence of bidirectional causalities from economic growth, gross capital formation, economic globalization, and CO₂ emission to energy consumption, and bidirectional casualty from energy consumption to CO₂ emission relationships in the short run. The findings of this study suggest that indirect bidirectional causalities from economic growth, economic globalization, and capital formation to CO₂ emission through energy consumption are observed. Moreover, economic globalization accelerates CO₂ emission in the short run but decreases it in the long run. To reduce CO₂ emissions, and to ensure sustainable economic growth and economic globalization progress, some crucial energy-saving and energy-efficiency policies, regulatory rules, and laws are recommended.

• STI Policy Review
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• 제3권2호
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• pp.66-78
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• 2012

China is becoming a global hot topic because of its rapid economic growth. However, the country show signs of not meeting the expectation of retaining its long-term industrial competitiveness and economic growth, especially with a widening rich-poor gap and natural resource exhaustion. Realizing inclusive growth requires study of an inclusive innovation solution. In this paper, we analyze the feasibility and development path of China's inclusive innovation based on the framework of a National Innovation System, identify examples of inclusive innovation in China, and seek to provide policy suggestions for China's future sustainable development.

• 한국산학기술학회논문지
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• 제16권8호
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• pp.5282-5286
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• 2015

본 논문은 중국 서비스산업 FDI유입의 경제성장효과에 대해 분석하기 위하여 1990년-2012년 중국 서비스산업 업종별 패널 자료를 이용하여, 고정효과모형에 의해 GLS기법(Generalized Least Squares)을 활용하여 서비스산업 업종별 FDI 유입 요인과 함께 고정자산투입, 인적자본투입, 노동력 투입 등 변수의 경제성장효과에 대한 실증 분석을 하였다. 분석한 결과, 전체 변수가 경제성장에 정(+)의 영향을 주고 있으며 FDI 유입이 중국 경제성장에 가장 큰 기여를 한 것으로 나타났다. 따라서 중국은 서비스산업의 FDI 유치를 위해 호혜적인 투자환경제공 및 각종 지원정책개발, 서비스산업 노동투입과 자본투입의 확대, 교육을 통한 인적자본의 육성 등 정책적인 노력을 기울여야 한다는 시사점을 도출하였다.

• 국제지역연구
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• 제14권3호
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• pp.157-177
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• 2010

본 연구는 중국의 1985년부터 2008년까지의 각 성 시에 관한 패널데이터를 활용해서 재정분권화가 경제성장에 미치는 영향을 실증분석한다. 재정분권화를 위해 최근에 개발된 지표를 사용하고 지방정부의 자율재량권을 계량화해서 모형에 반영하여 다음의 결론을 얻는다. 인플레이션율의 증가는 중국경제에 긍정적인 영향을 미치는 것으로 나타났는데 이는 필립스커브에 의하면 고용량의 증가로 대변되는 중국경제성장과 상충되는 개념으로서 향후 중국경제의 불안정성을 암시하고 있다. 중국의 WTO가입은 중국경제에 긍정적인 역할을 해온 것으로 나타났는데 이는 고전학파의 자유무역이론을 뒷받침하는 실증결과로 해석할 수 있다. 지출분권화는 중국경제성장에 긍정적인 영향을 미치고, 또한 세입분권화도 지출분권화만큼 크지는 않지만 경제성장에 긍정적인 영향을 끼쳤다. 국세나 지방세를 많이 부과하면 경제성장에 부정적인 영향을 미치는 것으로 나타났고, 기대와는 달리 지방정부의 자율재량권을 계량화해서 반영한 지표는 경제성장과 관련이 없는 것으로 나타났다.

• Journal of Sport and Applied Science
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• 제2권2호
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• pp.1-10
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• 2018

Prior literature has posited that the sport industry has been effective method to drive the economic growth. Given the rationale, this study sets China as a research object with a quarterly data from the first quarter of 2003 to the fourth quarter of 2017 to explore how the sport industry affects economic growth. This study employed Johansen cointegration test and dynamic ordinary least squares as methods for an empirical analysis. The input of sport industry, the labor input, the capital input, and the economic growth are used as research variables. The results show that there is a long-run relationship among them. Johansen cointegration test's estimation indicated that 1% increase in the input of sport industry will lead to 0.064% increase in economic growth. Dynamic ordinary least squares' estimation showed that whenever in the one lead, in the one lag and in the present period, the input of sport industry always poses a positive effect on economic growth. Labor input also has a positive effect on economic growth. The capital input has a negative effect on economic growth. Finally, even though the input of sport industry has a positive effect on economic growth, its impact on economic growth is relative weak.