ECON 211 University of Manchester Chinese Economic Development Worksheet


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Chinese Economic Development (Econ 211)
Fall 2021-2022, 2:00-2:50 pm, MWF, T1-093
Department of Economics
University of Alberta
Office Hours: 9:00-10:00 AM, Wednesday, appointment via Google talk/meet
Course Website:
Dr. Yingfeng Xu
Tory 7-24
Phone: 780.492.7631
Econ 101 or equivalent. Prerequisites will be enforced, and students’ registration in the class will be
cancelled if they have not taken (and passed) the prerequisite or equivalent.
Certificate in International Learning (CIL)
This course counts toward the Certificate in International Learning (CIL).
Past or Representative Evaluative Course Material Available
Course web site
Additional mandatory Instructional fees (approved by Board of
Course Description and Objectives
Provide a comprehensive assessment of the Chinese economic development since 1949.
Analyze the process and results of the economic reform that China has undertaken since
Explore the challenges of a rising China.
Coursework and grading
? Term paper, due on November 26
? Midterm exam (50 minutes) at 9:00-9:50 am, October 13
? Final examination (2 hours), TBA
You should submit your paper by emailing me an e-copy (Google doc/MS Word/OpenOffice
Text/pdf) by midnight on November 26. The file should be named as follows: FirstName
Missed Term Work
Approval of an excused absence from term work is at the discretion of the Instructor. Students must
request approval for missed term work within two working days of the absence (or as soon as
possible with due regard for the circumstances) and complete a “Request for Excused Absence or
Deferral of Term Work” form available in the “forms” section of the Intranet. This request should
be kept in the class record book for 3 months after the end of classes as it may be requested by the
Faculty office if the student applies for a deferred final examination or makes a grade appeal.
If you miss the midterm exam, you may apply for transferring the weight to that of the final exam.
Requirements for the term paper
The topic of the term paper is to discuss the following points:
Why can China no longer continue to grow along the past track of relying on exports?
What should be the right new growth engine for China?
Assess critically how China performed in 2012-present in that light?
Your paper is expected to reflect what is covered in my lectures. You also need to expand the
substance of your paper with your own research and readings. You need to consult three additional
academic references at least, preferably academic journal articles or their equivalents. You may use
sources in Chinese, but you should provide both Chinese titles and their English translation. A
significant positive factor for demonstrating your knowledge and scholarship would be to annotate
your bibliography, summarizing the contents and arguments of the sources you have used for your
Other requirements are:
Follow strictly the APA citation style.
Be free of grammatical errors. The Department will pay for the use of GRAMMARLY, an
online language checking service, in polishing up your paper. Once you have made all
changes in your document (either accepting or declining each suggestion made by
Grammarly), you can generate a PDF report that should be submitted with your document.
To do this, click on the Score button at the bottom right of the page to generate a pop-up
outlining your results. From this pop-up, click on ‘Download detailed report.
To create your account:
? Add and to the list of
? Go to
? Provide your name, email, and set up a password.
? Check your inbox for the email and click on the activation link.
? Apply the access code kUEdpbLWBGDhNgZA
The paper must be typed and double-spaced, using a font of 11/12 point.
There is a title page that contains a title, your name and ID and a separate page for an
The main text body should have minimum four and maximum five pages, excluding the
title page, the abstract page, reference pages, and tables and figures pages.
Marks for assignments, tests, and exams are given in percentages, to which letter grades are also
assigned according to the following table.
Percentage – letter grade conversion
99.99 ? x ? 100.00
93.00 ? x < 99.98 4.0 A- 90.00 ? x < 92.99 3.7 2 B+ 87.00 ? x < 89.99 3.3 B 83.00 ? x < 86.99 3.0 B- 80.00 ? x < 82.99 2.7 C+ 77.00 ? x < 79.99 2.3 C 73.00 ? x < 76.99 2.0 C- 70.00 ? x < 72.99 1.7 D+ 67.00 ? x < 69.99 1.3 D 60.00 ? x < 66.99 1.0 F 0 ? x < 59.99 0.0 Textbook and Readings Blanchette, J. (2019). China’s new red guards: the return of radicalism and the rebirth of Mao Zedong. Oxford University Press. Available in the UOFA Library. Fan, S., Kanbur, R., Wei, S.-J., & Zhang, X. (2014). The Oxford Companion to the Economics of China. Oxford: Oxford University Press. The U of A Library ebook link. Chow, G. C., & Perkins, D. H. (2015). Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group, 2015. The U of A Library ebook link. Joshua, J. (2017). China’s economic growth towards sustainable economic development and social justice, Volumes I & II. Palgrave Macmillan. Vol I link and Vol II link. Kroeber, A. R. (2016). China’s economy: what everyone needs to know. Oxford University Press. The UOFA library access. Magnus, G. (2018). Red Flags: Why Xi's China Is in Jeopardy. Yale University Press. The UOFA Library access. Orlik, Thomas. (2020). China : The Bubble That Never Pops. Oxford University Press. ProQuest Ebook Central access. World Bank (2012). China 2030. Washington DC: the World Bank. The WB eLibrary access. UOFA Library Guide for Economics: Topics and Schedule 1. Overview The Economist. (2011). The celestial economy: By 2030 China’s economy could loom as large as Britain’s in the 1870s or America’s in the 1970s. The Economist. Ge, Zhaoguang. (2018). What Is China?: Territory, Ethnicity, Culture, and History. Harvard University Press. 3 2. Central planning Dwight H. Perkins. (2015). The centrally planned command economy (1949–84). Chapter 3 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group. 3. Reform and Opening Wu Jinlian and Fan Shitao. (2015). China’s economic reform: processes, issues, and prospects (1978–2012). Chapter 4 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group. 4. Growth and structural change Holz, C. A. (2006). China's Reform Period Economic Growth: How Reliable are Angus Maddison's Estimates? Review of Income and Wealth, 52 (1), 85-119. Kerola, E. (2019). In Search of Fluctuations: Another Look at China’s Incredibly Stable GDP Growth Rates. Comparative Economic Studies, 61, 359-380. Woo, W. T. (2012). China Meets the Middle-Income Trap: The Large Potholes in the Road to Catching-Up. Retrieved from Xu, Yingfeng (2016) "Is 6.5% a sensible target for China's GDP growth?" Presented at the 2016 Annual Conference of the Chinese Economists Society, Hefei, China, June 2016. Zhu, X. (2012). Understanding China's Growth: Past, Present, and Future. Journal of Economic Perspectives, 26(4), 103-124. Laffargue, Jean-Pierre and Eden S.H. Yu. (2015). The Chinese savings puzzles. Chapter 8 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group. 5. The urban-rural divide Freeman, Richard B. (2015). A labor market with Chinese characteristics. Chapter 7 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group. Lam, W. R., Liu, X., & Schipke, A. (2015). China's Labor Market in the 'New Normal'. IMF Working Paper No. 15/151. Li, H., Li, L., Wu, B., & Xiong, Y. (2012). The End of Cheap Chinese Labor. Journal of Economic Perspectives, 26(4), 57-74. Meng, Xin. (2014). Rural-urban migration in China. Chapter 62 in Fan, S., Kanbur, R., Wei, S.J., & Zhang, X. (Eds). The Oxford Companion to the Economics of China. The Economist. (2015, Dec 19). Shifting barriers - internal migration. url. 6. Inequality and poverty Appleton, S., Song, L., & Xia, Q. (2010). Growing Out of Poverty: Trends and Patterns of Urban 4 Poverty in China 1988-2002. World Development, 38(5), 665-678. doi: Ferreira, F. H. & Ravallion, M. (2008). “Global Poverty and Inequality: A Review of the Evidence” World Bank Policy Research Working Paper No. 4623. Khan, Azizur Rahman, Riskin, Carl. (2005). "China's Household Income and Its Distribution, 1995 and 2002." China Quarterly, June (182), 356-384. Piketty, T., Yang, L., & Zucman, G. (2017). “Capital Accumulation, Private Property and Rising Inequality in China, 1978-2015” NBER WP 23368. OECD, Income Disparities in China: an OECD Perspective. Chapters 1, 6 and 7. Available from the SourceOECD database. OECD (2002). China in the World Economy. Available in the SourceOECD database. Chapter 16 “Labor market and social benefit policies.” Riskin, Carl (2015). “Trends in income inequality in China since the 1950s.” Chapter 10 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group. 7. Macroeconomic policy Eichengreen, B. (2005). "Can a Rapidly-Growing Export-Oriented Economy Smoothly Exit an Exchange Rate Peg? Lessons for China from Japan's High-Growth Era." NBER Working Paper No. 11625. Laurenceson, J., Qin, Fengming. (2005). "China's Exchange Rate Policy: The Case Against Abandoning the Dollar PEG." Tilburg University, Center Working Paper No. 2005-70. Ma, G., McCauley, R., & Lam, L. (2013). The Roles of Saving, Investment and the Renminbi in Rebalancing the Chinese Economy. Review of International Economics, 21(1), 72-84. McKinnon, R., Schnabl, G. (2006). "China's Exchange Rate and International Adjustment in Wages, Prices, And Interest Rates: Japan Déjà Vu?" CESifo Working Paper No. 1720. Yang, D. T. (2012). Aggregate Savings and External Imbalances in China. Journal of Economic Perspectives, 26(4), 125-146. doi: Yu, Yongding. (2015). Macroeconomic management of the Chinese economy since the 1990s. Chapter 9 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group. Zhang, C., & Pang, H. (2008). Excess Liquidity and Inflation Dynamics in China: 1997-2007. China and World Economy, 16(4), 1-15. doi: 8. Financial development Aizenman, J. (2015). The Internationalization of the RMB, Capital Market Openness, and Financial Reforms in China. BOFIT Discussion Paper, 2015(4). doi: 5 Das, U. S., Fiechter, J., & Sun, T. (2013). China's Road to Greater Financial Stability: Some Policy Perspectives. Washington DC: IMF. McCauley, R. (2011). Renminbi internationalisation and China's financial development1. BIS Quarterly Review, December 2011 41-56. Yi, Gang and Kai Guo. (2015). Banking and financial institutions. Chapter 15 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group. World Bank. (2015). China update - June 2015, World Bank. 9. Foreign trade and investment Davis, B. & Wei, L. (2020). Superpower showdown: how the battle between Trump and Xi threatens a new cold war. Harper Business. Fung, K.C. and Sarah Y. Tong. (2015). Foreign trade of China. Chapter 13 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group. Huang, Yasheng. (2015). China’s inbound and outbound foreign direct investment. Chapter 14 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group. Prasad, E, Wei, S. J. (2005). "The Chinese Approach to Capital Flows." NBER Working Paper No. W11306. Rodrik, D. (2006). "What's So Special about China's Exports?" NBER Working Paper No. 11947. The Economist. (2010, July 29). China's labour market: The next China. The Economist. Whalley, J. (2005). "China in the World Trading System." Centre for International Governance Innovation Working Paper No. 2. 10. Ownership reform Holz, C. A. (2018). The Unfinished Business of State-owned Enterprise Reform in the People’s Republic of China (No. 94093). University Library of Munich, Germany. Retrieved from Lardy, N. R. (2014). Markets over Mao : the rise of private business in China. Washington DC: Peterson Institute for International Economics. Sanders, Richard, Chen, Yang. (2005). "On Privatisation and Property Rights: Should China Go Down the Road of Outright Privatisation?" Journal of Chinese Economic and Business Studies, 3 (1), 231-245. Song, Ligang. (2015). State and non-state enterprises in China’s economic transition. Chapter 12 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge 6 Taylor & Francis Group. World Bank (2006). Under New Ownership. Chapters 2, 3 and 4. World Bank (2012). Enterprise sector reform, Part II, chapter 4 in China 2030. Washington DC, The World Bank. 11. Sustainable development Downs, Erica S. (2004). "The Chinese Energy Security Debate." China Quarterly, March (177), 21-41. Crompton, Paul, Wu, Yanrui. (2005). "Energy Consumption in China: Past Trends and Future Directions." Energy Economics, January, 27 (1), 195-208. Ma, J., Shi, A., & Tong, M. (2013). Big bang measures to fight air pollution. Deutsche Bank Markets Research. Zhang, Zhongxiang. (2015). Energy and environmental issues and policy in China. Chapter 18 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group. 12. Future direction LI, david Daokui. (2015). The future of the Chinese economy. Chapter 19 in Chow and Perkins (Eds), Routledge handbook of the Chinese economy. London: Routledge Taylor & Francis Group. Required Notes “Policy about course outlines can be found in the “Evaluation Procedures and Grading System section of the University Calendar.” Territorial Statement The University of Alberta acknowledges that we are located on Treaty 6 territory, and respects the histories, languages, and cultures of the First Nations, Métis, Inuit, and all First Peoples of Canada, whose presence continues to enrich our vibrant community. Academic Integrity “The University of Alberta is committed to the highest standards of academic integrity and honesty. Students are expected to be familiar with these standards regarding academic honesty and to uphold the policies of the University in this respect. Students are particularly urged to familiarize themselves with the provisions of the Code of Student Behaviour (online at CodeofStudentBehaviour.aspx ) and avoid any behaviour that could potentially result in suspicions of cheating, plagiarism, misrepresentation of facts and/or participation in an offence. Academic dishonesty is a serious offence and can result in suspension or expulsion from the University.” Learning and working environment The Faculty of Arts is committed to ensuring that all students, faculty and staff are able to work and study in an environment that is safe and free from discrimination and harassment. It does not 7 tolerate behaviour that undermines that environment. The department urges anyone who feels that this policy is being violated to: ? ? Discuss the matter with the person whose behaviour is causing concern; or If that discussion is unsatisfactory, or there is concern that direct discussion is inappropriate or threatening, discuss it with the Chair of the Department. For additional advice or assistance regarding this policy you may contact the Office of the Student Ombuds . Information about the University of Alberta Discrimination and Harassment Policy and Procedures is described in UAPPOL. Academic Honesty All students should consult the information provided by the Office of Judicial Affairs regarding avoiding cheating and plagiarism in particular and academic dishonesty in general (see the Academic Integrity Undergraduate Handbook and Information for Students). If in doubt about what is permitted in this class, ask the instructor. 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Thereafter, it will not be accepted. Specialized Support & Disability Services If you have special needs that could affect your performance in this class, please let me know 8 during the first week of the term so that appropriate arrangements can be made. If you are not already registered with Student Accessibility Services, contact their office immediately ( 1-80 SUB; Email; Email; phone 780-492-3381). Date of deferred Final Examination One week after the final exam. Student services The best all-purpose website for student services on campus is here: Sexual Violence Policy It is the policy of the University of Alberta that sexual violence committed by any member of the University community is prohibited and constitutes misconduct. Resources and more information can be found at “I will try to respond to emails within 24 hours, Monday through Friday, usually in the morning. I don’t respond to emails on the weekend. If I don’t return your email within 48 hours, please email me again. Email is particularly useful for questions about administrative details (things like activity scheduling, due dates, broken web links, etc.). Questions about the course material might best be done in the forums.” 9 Purchase answer to see full attachment Explanation & Answer: 4 Questions Tags: China Economy individuals User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.