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2. Why Are Saving Rates of Urban Households in China Rising?
- Author:
- Eswar Prasad and Marcos Chamon
- Publication Date:
- 12-2008
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- From 1995 to 2005, the average urban household saving rate in China rose by 7 percentage points, to about one quarter of disposable income. We use household-level data to explain why households are postponing consumption despite rapid income growth. Tracing cohorts over time indicates a virtual absence of consumption smoothing over the life cycle. Saving rates have increased across all demographic groups although the age profile of savings has an unusual pattern in recent years, with younger and older households having relatively high saving rates. We argue that these patterns are best explained by the rising private burden of expenditures on housing, education, and health care. These effects and precautionary motives may have been amplified by financial underdevelopment, as reflected in constraints on borrowing against future income and low returns on financial assets.
- Topic:
- Economics, Education, Emerging Markets, and Health
- Political Geography:
- China and Israel
3. Looking Back and Looking Forward: North Korea, Northeast Asia and the ROK-U.S. Alliance
- Author:
- Hyeong Jung Park
- Publication Date:
- 12-2007
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- Following the inauguration of the Bush administration in 2001, South Korea and the United States entered into a period of dissonance and even mutual repugnance. It began with differences in North Korea policy in 2001, and expanded into other areas. The Bush administration's mismanagement ignited a surge of anti-Americanism in South Korea, which in turn led to a round of Korea-bashing in the United States.
- Topic:
- International Relations, Diplomacy, and Treaties and Agreements
- Political Geography:
- United States, Israel, East Asia, South Korea, North Korea, and Korea
4. China's New Military Elite
- Author:
- Li Cheng and Scott W. Harold
- Publication Date:
- 12-2007
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- Analyses of the 17th Congress of the Chinese Communist Party (CCP) have largely focused on the policy and personnel changes taken at the leadership conference. 1 Much less has been said about the implications of the massive turnover among the military representatives who sit on the Party's 17th Central Committee (CC), including its powerful Central Military Commission (CMC). While generational turnover is leading to a new Chinese political leadership that is less technocratic and more broadly trained in economic and legal fields, the Chinese military elites on the Party's top bodies are becoming ever more functionally-specialized in their areas of military expertise. Meanwhile, various forms of patron-client ties and political networks have played crucial roles in the rapid rise of young and technocratic officers.
- Topic:
- International Relations, Defense Policy, and War
- Political Geography:
- Israel and East Asia
5. Evolution of Japan's Policy Toward Economic Integration
- Author:
- Naoko Munakata
- Publication Date:
- 12-2001
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- On October 22, 2000, Japanese Prime Minister Yoshiro Mori and Singapore Prime Minister Goh Chok Tong agreed to formal negotiations for the Japan-Singapore Economic Agreement for a New Age Partnership (JSEPA) in January 2001, in light of the September 2000 report from the Japan-Singapore Free Trade Agreement (JSFTA) Joint Study Group. It was the first time Japan entered into negotiations concerning regional economic integration. With a strong emphasis on the need to address the new challenges globalization and technological progress pose; the Joint Study Group explored a possible .New Age FTA. between the two countries, which Prime Minister Goh proposed in December 1999. Thus, for Japan the JSEPA marked a major turning point in promoting regional economic integration.
- Topic:
- Security, Foreign Policy, and International Trade and Finance
- Political Geography:
- Russia, United States, Japan, China, Europe, Israel, and Asia
6. The Japan-China Summit and Joint Declaration of 1998: A Watershed for Japan-China Relations in the 21st Century?
- Author:
- Kazuo Sato
- Publication Date:
- 01-2001
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- The November 1998 state visit to Japan by Chinese President Jiang Zemin was historically significant in that it was the first visit to Japan by a Chinese head of state. However, many people, including policymakers in Japan, had the impression that the visit not only failed to promote Japan-China relations, but actually strengthened anti-Chinese sentiments among the Japanese public. Nevertheless, both governments treated the Japan-China Joint Declaration On Building a Partnership of Friendship and Cooperation for Peace and Development—issued by the two governments on the occasion of visit—as a third important bilateral document, following the 1972 Joint Communiqué and the 1978 Treaty of Peace and Friendship. The two sides repeatedly have stressed that all problems should be handled in line with these three documents. There is a belief, especially among policymakers, that the 1998 Joint Declaration will be the bilateral framework upon which a strong partnership will be built for at least the first decade of the 21st century.
- Topic:
- Security, Foreign Policy, and International Trade and Finance
- Political Geography:
- Russia, United States, Japan, China, Europe, Israel, East Asia, and Asia
7. Perceptions on Free Trade: The Korean Debate Over the Japan-Korea Free Trade Agreement
- Author:
- Chungsoo Kim
- Publication Date:
- 09-2001
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- This paper analyzes the Korean public mindset on the country's external economic relations in general, and its efforts of market opening in particular, with the Japan-Korea Free Trade Area (JKFTA) as the case in point.
- Topic:
- Security, Foreign Policy, and International Trade and Finance
- Political Geography:
- Russia, United States, China, Europe, Israel, East Asia, and Asia
8. Significant Changes in the Chinese Television Industry and Their Impact in the PRC: An Insider's Perspective
- Author:
- Li Xiaoping
- Publication Date:
- 08-2001
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- The television services of China have undergone dramatic changes since the policy of open door economic reform was introduced in the late 1970s. Few research studies, however, have been conducted in the United States and other Western countries on what, specifically, these changes are, and how they affect the lives of Chinese people and shape the media's role in Chinese society. This paper will outline the significant structural changes in the Chinese television industry, particularly at China Central Television (CCTV); it will also analyse the phenomenon of a highly popular program, 'Focus', (Jiao Dian Fang Tan) and its impact on Chinese politics and society. Based on this analysis, this paper will discuss relevant issues surrounding mainland Chinese media, including its editorial freedom and independence, expanding impact on policymaking, and, finally, its future role in the continued liberalization and democratization of China.
- Topic:
- Security, Foreign Policy, and International Trade and Finance
- Political Geography:
- Russia, United States, China, Europe, Israel, East Asia, and Asia
9. Hong Kong Under One Country Two Systems: Promises and Realities
- Author:
- Chris Yeung
- Publication Date:
- 06-2001
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- The return of Hong Kong to Chinese rule captured the attention of the entire world. While most people conceded that the untried formula of “one country, two systems” was the best possible option for the people of Hong Kong, there were persistent doubts and anxiety about its viability and the sincerity of Beijing in honoring its promises. Whether or not the policy would work was definitely in the eye of beholder.
- Topic:
- Security, Foreign Policy, and International Trade and Finance
- Political Geography:
- Russia, United States, China, Europe, Israel, East Asia, and Asia
10. Russia's Image of China and Russian-Chinese Relations
- Author:
- Alexander Lukin
- Publication Date:
- 06-2001
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- Discussion and debate about Russian-Chinese relations is on the rise and attracts the attention of experts and policy-makers around the world. From the Russian perspective, the importance of developing relations with its neighbor is determined by several considerations: shared interests and concerns about the international situation, the need to secure a peaceful international environment for economic development, worries about the future of the Russian Far East, and advantages from trade and economic cooperation with the fastest growing Asian economy. Russian approaches to China differ among various groups, political trends and individual experts; moreover, they exist not in vacuum, but within the framework of more general perceptions of the international situation and Russia's position therein. Based on these perceptions, it can be expected that Russia will develop closer relations with China for the foreseeable future. However, since the official Russian attitude toward China strongly depends on Russia's relations with the West, especially with the United States, US policy towards Russia and China will significantly influence the future Russian-Chinese partnership.
- Topic:
- Security, Foreign Policy, and International Trade and Finance
- Political Geography:
- Russia, United States, China, Europe, Israel, East Asia, and Asia