This book analyzes of the surplus of production capacity in China. According to a government statement, there is a serious surplus of productive capacity in the steel, cement, glass, aluminum, and shipbuilding industries. There was no surplus of productive capacity in above industries between 2002 and 2012, and the current surplus is due to poor government policies on real estate prices after 2012. The book argues that if the Chinese government invested more in social welfare housing over the next few years the surplus of productive capacity would very soon disappear.

Since 2012, industrial overcapacity has become an increasingly serious problem in China, against the backdrop of domestic economic slowdown and continued downturn in international markets. Overcapacity is widespread in the traditional manufacturing sector, particularly in iron and steel, cement, electrolytic aluminium, flat glass, and ship-building industries. It is also grave in emerging industries such as polysilicon, solar cells, and wind power equipment.This book provides an overview on the overcapacity problem facing China and examines the main characteristics of overcapacity in some important industries. The book identifies two types of overcapacity: one is excess capacity that results from natural supply-demand dynamics or cyclical economic fluctuations under a relatively sound market system; the other is overcapacity caused by the overinvestment of enterprises under a flawed economic system. It probes into how overcapacity is caused and finds two contributors — change of growth model and institutional flaws. It explores to establish a long-term mechanism for solving the problem. The book concludes that China should establish a long-term mechanism to prevent and resolve overcapacity, and to establish healthy relationship between the market and the government.

This book gives an overall description of China's manufacturing industry in the process of China's industrialization and comprehensively analyzes the development status, level, stage, problems, tasks and future development prospects of China's manufacturing industry. Under the background of Sino-US trade dispute, understanding China’s manufacturing gives a rational analysis of the opportunities and challenges of China’s manufacturing, deeply discussing the specific tasks which China’s manufacturing is facing, such as the resolve of excess production capacity, technological innovation, intelligent manufacturing and green manufacturing, a service-oriented manufacturing and industrial base, and displaying the development prospect of China toward the high quality. Understanding China’s manufacturing has a strong reference significance for comprehensive and appropriate understanding of the development of China's manufacturing industry, as well as good policy reference significance for promoting the high-quality development of China's manufacturing industry.

What is China’s high-speed rail diplomacy? What is China’s infrastructure diplomacy? How do they relate to each other and to the country’s Belt and Road Initiative? Can China finance the numerous projects around the world under the initiative? This book assesses the important implications of China’s new diplomacy for the global political economy. It argues that a new developmental path called ‘geo-developmentalism’ is in the making: China plays a leading role in promoting growth and building connections across Eurasia and beyond.

This book covers numerous areas and aspects of Chinese domestic and external politics and policies, the Chinese economy, Chinese society and culture, and Chinese literature and history. It is divided into four sections, the first of which focuses on China’s place in world politics, including its relations with the European Union, Russia, India, Japan, the United States, and Africa. The second section among others addresses issues and areas related to China’s role in and impact on the international economy, the strategies and positioning of Chinese multinational companies investing in Europe, the problems and challenges of China's banking and financial systems and China's foreign economic strategies. The final two sections are devoted to Chinese politics and society, and Italian views on Chinese culture, language, and literature. The volume is multidisciplinary in nature, with contributions from experts of politics, economics, history, law, literature, gender studies, and the media. It will appeal to a wide range of China scholars and analysts as well as to all who have an interest in international relations, Chinese politics, the Chinese economy, and Chinese society, culture, literature, and history.

Using rigorous economic analysis backed by solid data and accounts of real life experiences, this book twists conventional wisdom to drive the thinking about China 'outside the box'. It dispels China's economic myths and probes deep into the hidden forces that drive China's economic future.

This book analyzes the origins and the impacts of China’s Belt and Road Initiative (BRI) on diplomacy, economy (trade, investment, finance), and security among selected host countries and regions in Asia, Africa, and the European Union. By examining the geopolitical economy of BRI activities, it concisely describes the impact of the rise of China and its BRI policy strategy on the reshaping of world order and global governance. This volume explores the BRI by addressing several key questions including: • Why did the Chinese leadership set up the BRI? • What are the activities of BRI projects in the participating countries and related regions? • What are the challenges to the successful implementation of the BRI in the various countries and regions? Moreover, through its analysis of the abovementioned questions, it provides novel contributions to the ongoing scholarly debates between Chinese and non-Chinese scholars – among others, the debate surrounding the “rise of China” and its impact on global governance. Featuring an extensive variety of expert contributors, this study will be an essential reading for students and scholars of International Relations and Global Political Economy as well as Chinese politics and those with an interest in the Belt and Road Initiative more broadly.

This book draws together leading experts to examine the key issues in China-EU relations. China-EU relations are increasingly complex and affected by a number of inter-related factors, such as China’s global rise, growing China-US strategic competition, US global withdrawal, the transatlantic split, the China-Russia comprehensive "alliance," and Brexit. The book highlights the struggles of both China and the EU to look for a dynamic and durable mode of engagement in an attempt to achieve the balance between opportunities and challenges, and between partnership and rivalry. International contributors explore how to conceptualise China-EU relations and identify their differences and commonalities such as the EU’s role in China’s foreign policy process and how the EU works with China as a strategic partner. Finally, it analyses China’s and the EU’s perceptions of their own present and future roles. Shedding light on the perspectives of understanding and change in China-EU relations and its impact on multilateralism, it will appeal to researchers and professionals working in International Relations, International Political Economy and area studies who are interested in the rise of emerging powers and the changing world order.

This book investigates the history, political economy and spatiality of Chinese railway projects in Africa. It examines the financial governance of Sino-African railway projects, their socio-cultural, political and economic effects as well as the regional dimension of Africa’s new railway architecture and its function within China’s Belt and Road Initiative. Leading and emerging scholars from Africa, China, Europe and the Americas offer interpretations through politicoeconomic, historical, geographical and post-colonial conceptual lenses. Case studies on projects in Angola, Ethiopia, Kenya, Nigeria, Tanzania and Zambia offer an empirically rich and cross-disciplinary picture of Sino-African railway developments at the micro-, meso- and macro-levels. Regional analyses on West and East Africa expose persistent obstacles to the regional integration of Africa’s railways. The volume outlines opportunities and challenges related to Africa’s railway renaissance in the post-COVID-19 global political economy and will be of great interest to academics, students and practitioners interested in Africa-China relations and their developmental effects or in the politics of infrastructure, spatial governance and the political economy of transport.