Contact

China’s Rising and a RefurbishedGlobal Order with Bipolar Coexistence.

Abstract

Global structure does not become clearer due to restruction brought by theend of cold war, inducing heated and wide discussion. Introducing and expanding Marx’sconcept of “contact of extremes”, this article will elaborate on thenew development of global order. With comprehensive national strength enhancing continuously,China has now gradually become anactive global power. Meanwhile, theUnited States has been increasingly declining, but it is still the strongest global power, and other countries are hardly able to compete with neither China nor the United States. The current global order is duplicities with bothprogressiveness and unfairness.As the conservative yet revolutionary forces, China is onepole of global major powers, and also a bothopposing and consistent pole of theUnited States, thusfostering a refurbished global order characterized with two connected poles in global structure, in which both China and the United States, will compete, complementand cooperate with each other. China and the United States will jointly provide leadership together for global governance and break the prisoner's dilemma ofmultilateral mechanisms. Bipolar coexistence means the global order incrementally headtowards a fairer and more balanced direction. This is neither G2, nor theprevious cold war between the United States and the former Soviet Union, but a new international structure unprecedented in human history.

Keywords

中国兴起与“两极相联”的全球新秩序.pdf

Abstract：The rapid growth of China’s economy has brought about huge losses of natural capital in the form of natural resource depletion and damages from carbon emissions. This paper recalculates value added, capital formation, capital stock, and related multifactor productivity in China’s industrial sectors by further developing the genuine savings method of the World Bank. The sector-level natural capital loss was calculated using China’s official input–output table and their extensions for tracing final consumers. The capital output elasticity in the productivity estimation was adjusted based on these tables. The results show that although the loss of natural capital in China’s industrial sectors in terms of value added has slowed, the impacts on their productivity during the past decades is still quite clear.

Keywords

Genuine savings method, Total factor productivity, Input–output method, China

Input–Output-Based Genuine Value Added and Genuine Productivity in China’s Industrial Sectors (1995-2010)

Acknowledgement: This study was funded by the TSINGHUA-IDE/JETRO-USITC-IGLCEjoint research project “Tracing China’s CO2 Emissions in Global Value Chains”. We aregrateful to CIDEG of Tsingua University for providing the opportunity to conduct this jointresearch in 2014.

Input–Output-Based Genuine Value Added and Genuine Productivity in China’s Industrial Sectors (1995-2010).pdf