The Key Driver of China's New Economic Development Pattern: A Major Power's Flying Geese Paradigm

This paper examines China's flying geese paradigm that serves as a key driver of a new pattern of the country's economic development. Our results suggest that such a major power's flying geese paradigm has taken shape in the aftermath of the global financial crisis in 2008. However, t...

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Bibliographic Details
Published inChina economist (Beijing, China) Vol. 16; no. 5; pp. 104 - 131
Main Authors Qingyi, Su, Fenglong, Wang
Format Journal Article
LanguageChinese
English
Published Beijing 中国社会科学院工业经济研究所 01.09.2021
Institute of Industrial Economics, Chinese Academy of Social Sciences
Subjects
Consumption
Economic crisis
Economic development
Economic growth
Exports
GDP
Gross Domestic Product
Income distribution
International trade
Manufacturing
Prosperity
Regions
Relocation
Trends
China
industrial relocation
labor-intensive industries
processing trade
flying geese paradigm
new economic development pattern
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ISSN1673-8837
DOI10.19602/j.chinaeconomist.2021.09.04

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Summary:This paper examines China's flying geese paradigm that serves as a key driver of a new pattern of the country's economic development. Our results suggest that such a major power's flying geese paradigm has taken shape in the aftermath of the global financial crisis in 2008. However, this paradigm has provincial heterogeneity in that industrial relocation varies across provinces. For instance, China's central and western regions have shown differences while serving as destinations for labor-intensive industries and processing trade. This flying geese paradigm evolves in a slow and nonlinear manner, and may be subject to stagnation and even reversal.
Bibliography:ObjectType-Article-1
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ISSN:1673-8837
DOI:10.19602/j.chinaeconomist.2021.09.04