Industrialization has been a dream for the Chinese nation since modern history and a goal of the Communist Party of China(CPC).Ever since its founding in 1921,the CPC has been exploring a path for China’s industrial ...Industrialization has been a dream for the Chinese nation since modern history and a goal of the Communist Party of China(CPC).Ever since its founding in 1921,the CPC has been exploring a path for China’s industrial development based on socialism as the political and institutional premise.Since the founding of the People’s Republic of China in 1949,the Chinese people have established a socialist system under the CPC’s leadership and carried out industrial development for over seven decades in the world’s most populous country,blazing a new trail of socialist industrialization with Chinese characteristics.Under the CPC’s leadership,China established an independent and complete industrial system in less than three decades from 1949 to 1978,and developed into the world’s largest industrial power with the most complete industrial sectors in over three decades from 1979 to 2016.In its future industrial development,China aims to complete new-type industrialization by 2035,build a modern economic system,reach the level of moderately developed countries in terms of GDP per capita,and develop into a major world industrial power by the centennial of the founding of the People’s Republic of China in 2049.展开更多
This paper takes stock of theoretical economic analyses of overcapacity,reveals the factors that induce actual capacity to deviate from market equilibrium, examines market-based mechanisms to resolve overcapacity, and...This paper takes stock of theoretical economic analyses of overcapacity,reveals the factors that induce actual capacity to deviate from market equilibrium, examines market-based mechanisms to resolve overcapacity, and identifies long-term mechanisms and assurances for market-based solutions to overcapacity. Given the limitations of market mechanism and the government's role, neither the market nor the government is able to resolve the problem of overcapacity on its own. In resolving overcapacity, market and the government should play their respective roles rather than replace one another. While the market is a dominant force in regulating capacity and achieving supply and demand equilibrium, the government should provide institutional assurances for effective market operation. Market-based solutions to overcapacity require the government to provide institutional assurances and create a system where market entities decide to enter and exit the market under effective restraints and incentives with a clear boundary.展开更多
文摘Industrialization has been a dream for the Chinese nation since modern history and a goal of the Communist Party of China(CPC).Ever since its founding in 1921,the CPC has been exploring a path for China’s industrial development based on socialism as the political and institutional premise.Since the founding of the People’s Republic of China in 1949,the Chinese people have established a socialist system under the CPC’s leadership and carried out industrial development for over seven decades in the world’s most populous country,blazing a new trail of socialist industrialization with Chinese characteristics.Under the CPC’s leadership,China established an independent and complete industrial system in less than three decades from 1949 to 1978,and developed into the world’s largest industrial power with the most complete industrial sectors in over three decades from 1979 to 2016.In its future industrial development,China aims to complete new-type industrialization by 2035,build a modern economic system,reach the level of moderately developed countries in terms of GDP per capita,and develop into a major world industrial power by the centennial of the founding of the People’s Republic of China in 2049.
文摘This paper takes stock of theoretical economic analyses of overcapacity,reveals the factors that induce actual capacity to deviate from market equilibrium, examines market-based mechanisms to resolve overcapacity, and identifies long-term mechanisms and assurances for market-based solutions to overcapacity. Given the limitations of market mechanism and the government's role, neither the market nor the government is able to resolve the problem of overcapacity on its own. In resolving overcapacity, market and the government should play their respective roles rather than replace one another. While the market is a dominant force in regulating capacity and achieving supply and demand equilibrium, the government should provide institutional assurances for effective market operation. Market-based solutions to overcapacity require the government to provide institutional assurances and create a system where market entities decide to enter and exit the market under effective restraints and incentives with a clear boundary.
