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| Srl | Item |
| 1 |
ID:
188454
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| Summary/Abstract |
In the aftermath of the 20th National Congress of the Chinese Communist Party, Xi Jinping’s principal focus will be on state and national security, while an entirely new economic- and financial-policy team, with little experience, will take charge of China’s troubled economy. Its members will have to manage several systemic problems – a debt mountain, a property bust, a rapidly ageing population, zero-COVID policies – and develop a viable new economic-development model. This would be a demanding agenda anywhere, but Xi’s China has to tackle it guided by an ever more devoutly Leninist approach to economic management, industrial policy and governance, at a time when China faces the most hostile external environment it has known since Mao Zedong, as exemplified by foreign decoupling. Although Xi’s China is capable of important accomplishments in science and technology, and of flexing its diplomatic and military muscles in defence of its interests, China’s politics may be much less capable of fixing the country’s systemic economic and financial weaknesses. The consequences of Xi Jinping’s economic programme, including an emphasis on self-reliance, promise to extend beyond China’s borders to foreign actors and countries that once benefited from its economic rise.
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| 2 |
ID:
182582
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| Summary/Abstract |
This article investigates the impact of previous epidemics on rural development and convergence, and identifies the impact's mechanism based on convergence tests. Using a balanced panel of 31 provinces, the empirical results from 2002 to 2019 show that epidemics decelerated convergence in rural per capita income. The mechanism analysis shows that the accelerated divergence in wages and the decelerated convergence in business income were the major drivers, which also led to decelerated convergence in rural per capita consumption. Although epidemics have not threatened rural food consumption and the Engel coefficient of rural households, these two indicators of basic living needs have failed to achieve convergence across regions. The overall impact of an epidemic on convergence in rural–urban income disparity has also been insignificant, indicating that epidemics have affected rural and urban development simultaneously. Finally, COVID-19 is likely to decelerate convergence in rural income, rural consumption, and urban income.
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| 3 |
ID:
143292
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| Summary/Abstract |
In 2013, China launched its ambitious projects—the ‘21st Century Maritime Silk Road’ and the overland ‘Silk Road Economic Belt’—backed strongly by Chinese investments. India, along with many other countries, was invited to join these initiatives. How will these gigantic connectivity projects—aimed at linking all of Asia with Europe and Africa—alter the world as we know it? What is India’s national interest here, and how should it respond? Perhaps, understanding the term ‘Silk Road’ itself would be a good first step towards an answer.
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