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This book focuses on the key issues around Chinese reform in the past 40 years, including economic structure upgrading, finance reform, enterprise ecology, village modernization, ecological development, income structure, global governance, BRI, and governance model. It collects the most important concerns and reveals the deep logic behind the reform. By reading this book, it helps readers to grasp the engine of China's continuous growth toward modernization in the four decades.

This book mainly addresses China's Belt and Road Initiative in terms of the connectivity industrial and spatial development, as well as current world's economic and trade pattern under such synergy development, and focuses on the function and mechanism of industry and geography coordination. Although current research on the value circulation between China and developed economies is relatively adequate, the book focuses on the value circulation between the countries and regions, especially the developing economies. China and other developing countries tie strongly with the production value circulation. The coordination industrial and spatial development in the global value cycle is also the cornerstone of long-term stabilization and sustainable development in China. Therefore, this book provides the theoretical and empirical research on Belt and Road from the perspectives on industrial and spatial synergy. This book proposes several questions: Any inherent inlay between industrial and geographic allocation, i.e., is there any possibility for close integration? This book analyzes the necessity of coordinated development of industry and space perspective of production division. Secondly, from the perspective of historical evolution and current situation, it analyzes the relationship among industry, economic growth and fluctuation and compares realizing paths of synergy of industrial and spatial development. It contains the industry and spatial diffusion mechanism and the effect of synergy development. Moreover, the corresponding policy implication is provided for sustainable development through the Belt and Road Initiative.

The book offers an in-depth research of the economic situations along the Belt and Road and the initiative's cooperation prospects, opportunities and challenges. It draws on economic data, including those on trade, investment, infrastructure, urban distribution, industrial cooperation, financial integration and revision of historical and political background. The Belt and Road initiative (BRI) comes from not only the ancient Silk Road, but also a long-term international cooperation between China and relevant countries. As a China-led initiative, the BRI is built upon China's international vision according to its development process. Therefore, the book also discusses how China balances its own development process among different domestic regions, and how the Initiative fits into the changes of global economic system and brings positive change for developing and developed economies involved, on the long haul. Furthermore, this book aims to find out precise direction of the initiative in order to assess appropriate implication on development under current globalization and provide valuable experience for future economic synergetic development by reviewing the past cooperative experience as references for policy-making and prospective engagementIn terms of methodology, analyses were conducted applying multi-methods with best available evidence to enrich the understanding of the potential of the BRI in terms of socio-economic impact on cooperation and difference and similarities of economic, cultural characteristics and political system among countries.

The Chinese economy today is at a critical crossroads. Sustained rapid growth has given rise to structural strains as well as sectoral imbalances. It has also generated socio-economic problems such as rising income inequality, rural discontent and environmental degradation. All of these must be addressed before China can enter the next lap of high growth.Containing 12 chapters, this volume is a collaborative effort of leading economists from Beijing, Singapore and elsewhere in the region in analyzing China's economic growth prospects and their concomitant problems and constraints.