Chinese Economy

(3 Credit Hours) · Undergraduate

Shanghai, China CIEE: Since 1978, when China initiated economic reforms and opening up policies, the Chinese economy has been one of the fastest growing and most exciting economies in the world. China is now the world's second largest economy, and the biggest exporter in commodities. On the other hand, China is also the world's No.1 energy importer, raw material consumer and CO2 emitter. The income gap in China is getting wider and wider. The financial system is still unstable. What is the impact of China's rise on the global economy? How will other counties react to China's economic emergence? This course is designed to provide students with the knowledge of what has happened to China and its impact on the global economy over the last three decades. The course will offer in-depth discussions of Chinese macroeconomic development, industrial structure, trade patterns, economic imbalance, and its impact on the rest of the world economy, particularly on Asia, the Latin America, and Africa. Beijing: This course covers the development of the Chinese economy focusing on institutional change and economic growth. Topics may include the economic transition of the Chinese economy, institutional and market reforms, China's role in the world trading system, labor markets and mobility, industrialization and urbanization, educational investments, capital flows, innovation and demographics.