As a government institution specializing in development-oriented finance, the China Development Bank (CDB) has combined advanced international financial theories with China's practical conditions and has done remarkably well in removing financing bottlenecks, establishing market credit systems, and ensuring faster and better economic and social development. Its practice and theory in development-oriented finance represent a major distinctive feature of China's socialist market economy.Written in the setting of great history, great changes and great challenges, this book contains a systematic study of the theory and practice of development-oriented finance that has evolved along with China's reform and opening up. It provides an in-depth analysis of the ideological basis, theoretical contents, operating principles and innovative development of China's financial system.China's Rise: Development-Oriented Finance and Sustainable Development will promote further discussions and researches on China's modern economic and financial systems and in turn the sustainable development of the Chinese economy and the world economy at large.

In The Latecomer's Rise, Muyang Chen reveals the nature and impact of a rapidly growing form of international lending: Chinese development finance. Over the past few decades, China has become the world's largest provider of bilateral development finance. Through its two national policy banks, the China Development Bank (CDB) and the Export-Import Bank of China (China Exim), it has funded infrastructure and industrial projects in numerous emerging markets and developing countries. Yet this very surge and magnitude of capital has raised questions about the characteristics of Chinese bilateral lending and its repercussions on the international order. Drawing on a variety of novel Chinese primary sources, including interviews and official bank documents, Chen pinpoints the distinctiveness of Chinese bilateral development finance, explains its origins, and analyzes its effects. She compares Chinese policy banks with their foreign counterparts to show that the CDB and China Exim, while state-supported, are in fact also market-oriented—they are as much government organs as they are profit-driven financial agencies that serve both state and firms' interests. This approach, which emerged out of China's particular economic history, suggests that Chinese overseas lending is not merely a tool of economic statecraft that challenges Western-led economic regimes. Instead, China's responses to extant rules, norms, and practices across given issue areas have varied between contestation and convergence. Rich with empirical detail and penetrating insights, The Latecomer's Rise demystifies the little-known workings of Chinese development finance to revise our conceptions of China's role in the international financial system.

The law of balance is not just a motivating power but also serves the purpose of development. How did human society develop in a balanced manner in history? How is China's Modernization impacted by the law of equilibrium? How does the law of balance affect China's economic and trade relations with other countries?This book attempts to answer these questions and more. It applies the balance law methodology to systematically analyze major factors influencing the sustainable development of the Chinese economy and society, and to discuss the balanced way of thinking, market credit, innovation energy and international collaboration that boost sustainable development. While the theoretical system of socialism with Chinese characteristics needs a balanced development perspective, solving the problem of imbalance requires a balanced approach as well as a balanced interaction between man, nature and society, which is the key factor for economic development in the 21st century.

This book analyzes China's new foreign investment law which came into force in January 2020. The new law implemented sweeping changes and overhauled China’s foreign investment law regime of the last four decades. The foreign investment law aims to make the business environment more investor-friendly and address some of the contentious issues between US and China in the ongoing trade war. The book explains how the law enhances regulatory transparency. It also outlines the new approval process, that is the pre-establishment negative list system which has replaced the former approval system for foreign investment projects. The book also analyzes China's series of anti-sanction laws. This book will help give readers a better understanding of major changes and benefits under the new law and will be the first of its kind looking at the implications of this important law.

The boom in South-South relations since the early 2000s has seen a flurry of investment in African infrastructure from emerging markets across the Global South. While the extent to which these projects spur growth is constantly debated, few studies have addressed their impact on ground-level political and socio-economic practices in Africa--or their consequences for transnational governance more broadly. Through the lens of infrastructure, this book investigates the developmental ideas, processes and techniques that have travelled to and emerged from Africa as a result of Global South-led projects. How have they been adapted, transformed and contested by local actors? How does this shape business-society relations? And how has this challenged the Western-dominated global order? The contributors zoom in on large-scale Chinese-, Brazilian- and Indian-funded ventures--dams, ports, roads and mines--across countries including Kenya, Mozambique and the DRC. These 'frontier zones', bringing together politicians and practitioners, campaign groups and communities from Africa and elsewhere, offer a unique insight into the global workings of our contemporary world. Taking a bottom-up approach, Africa's Global Infrastructures explores the longer-term significance and implications of these pluralistic socio-economic interactions, for the continent and beyond.

This unique volume takes a very different approach to the county-level governance and the land system reform in China. Based on thorough-going interviews with — township and village cadres, the book analyzes the current major conflicts in rural areas: between urbanization and rural development, between small-scale production and big market, and between the land operation right and land ownership etc. The book also describes the turbulent phase of transition characterized by the reform of the county-level administrative system, economic system and land system; and depicts how to capture the dynamic micro functions of grassroots government as well as macro evolutions of overarching political institutions in China.The goal of this book is to explore a new approach to speed up the construction of the market and society at the base level and enhance the overall, integrated and intrinsic dynamics of the county-level economy.The down-to-earth presentation of this book engages readers to deeply feel the genuine situation and dilemmas of cadres at the rural grassroots levels in China. Its comprehensive documentation and in-depth discussion provide the best depiction of rural governance in contemporary China, and will serve as a good reference for economic source professionals, political researchers, college students and faculties.

Zheng Bijian has been one of the most influential thinkers and policy formulators in China during its reform period. In the early 1990s he worked with Deng Xiaoping collating and publishing Deng’s speeches and as vice president of the Party School gave top priority to ensuring that members of the Party were thoroughly familiar with Deng’s views, theories and reform agenda. In this important book, which is already available in Chinese, Zheng Bijian sets out his views and relates how his views were formed and developed over the long reform period, including the full text of his important speeches and papers, together with appropriate introductory material. Particular key themes which Zheng Bijian’s thought has contributed to China’s development are that China should embrace globalization and strengthen its relationship with the rest of the world, and that China’s development should be peaceful. "Zheng Bijian’s ideas, actions and vision helped China in its astonishing thirty years growth. Zheng Bijian made a great contribution to envisioning the new role of China in a globalized world. This book is the intellectual story of a great witness of our times." - Romano Prodi, former President of the European Commission and former Prime Minister of Italy

This book reviews the important interrelations between the industry, local communities and conservation work, bringing together the various opportunities and challenges for a destination. Proper heritage management and conservation activities are always vital. Reviewing new areas of development, such as Historic Urban Landscapes, Intangible Cultural Heritage, Memory of the World and Global Geoparks, it Includes global case studies to relate theory into practice and covers a worldwide industry of over 1,000 cultural and natural heritage sites.

In attaining economic globalization, China needs world economy, world economy also needs China. This book outlines the foundation of an analytically oriented public finance that intends to promote sound development of China, and discusses various contemporary topics, including the impacts of the tradition, the mechanisms of economic policies and operations, the modernization perspective and international trade conflict, as well as current rural issues and the legal environment in China. The book focuses on explaining China's special phenomena, and trying to provide answers to questions on 'why'. The intent of this book is to share the knowledge and experience that author has gained from working in China and the United States of America and to serve as an intellectual bridge for global investors, economists and market watchers in general to understand China better. "This Book is the story of an economic revival unlike anything seen before. It is the story of a "Mixed Economic System" that to date has achieved remarkable economic gains. It is a story of how directed investment with a purpose which combines Government to kick start free enterprise can work. It is also a story of trial and error and practical applications of capital flows based on measured results. It is a story that accentuates the value of pragmatism and flexibility to change course instead of slavish adherence to ideology. It is also a story of how much more needs to be done to spread the economic resurgence across all segments of the population and all regions of the Country. The Book is a "must study" for graduate students in economics and finance." A. Robert Abboud, former Chairmen of the First National Bank of Chicago, Chairman of First City Bank of Texas and President of Occidental Petroleum.

This book contains assessment of the progress, or the lack of it, in implementing the UN Sustainable Development Goals (SDGs). Through review of the assessments and of case studies, readers can draw lessons from the actions that could work to positively address the goals. The 2030 Agenda for Sustainable Development is designed to catalyze action in critical areas of importance to humanity and the planet. The effort to implement the SDGs, however, demands a sense of urgency in the face of environmental degradation, climate change, emerging conflicts, and growing inequality, among a number of other socio-economic problems. Five years after the launch of the 2030 Agenda, this book takes stock of how far the world has come and how we can position ourselves to achieve the global targets. The book is one of the first to assess how the implementation is impeded by the onset of COVID-19. It contains a special chapter on COVID-19 and the SDGs, while many thematic chapters on different SDGs also assess how COVID-19 adversely affects implementation, and what measures could be taken to minimize the adverse effects. This publication thus provides a fresh look at implementation of the SDGs highlighting impactful and creative actions that go beyond the business-as-usual development efforts. The volume reinforces this analysis with expert recommendations on how to support implementation efforts and achieve the SDGs through international and national strategies and the involvement of both the public and private sectors. The result is an indispensable textual tool for policy makers, academia, intergovernmental organizations (IGOs) and non-governmental organizations (NGOs), as well as the public, as we march toward the 2030 deadline.