It is now being tested in Dubai.
Full story at: http://econ.st/2e4CNHP
Edited by Arie Lewin (Duke University), Martin Kenney (University of California, Davis), Johann Peter Murmann (UNSW Australia) - April 2016 - Cambridge University PressThe miracle growth of the Chinese economy has decreased from a compound annual growth rate of 10% to less than 7% in 2015, raising questions about China?s prospects of avoiding the ?middle income trap?.The two engines of growth -- exporting on a scale never before witnessed and massive infrastructure investments -- are approaching the limits of diminishing returns. Assuming that current political arrangements prevail and that western socio-political economic models are not adopted, can China develop a new growth model with innovation at its center? This volume brings together leading Chinese and international scholars who examine the role of culture, institutions, national policy, firm and individual dimensions in shaping the operation of firms, industries and technologies. Their analyses of the daunting challenges of building an innovation-driven growth model for China range from quite optimistic to deeply pessimistic. The book will appeal to scholars, policy-makers and business persons.
Table of Contents
Biographical Details of Contributors
Loyal to the core
Legislators will soon meet to discuss a new five-year economic plan. But China’s leaders are more worried about their own jobs
Mar 5th 2016
The Economist reports: "In the decade to 2010 the number of single-person households doubled. Today over 58m Chinese live by themselves, according to census data, a bigger number of one-person homes than in America, Britain and France combined. Solo dwellers make up 14% of all households. That is still low compared with rates found in Japan or Taiwan (see chart), but the proportion will certainly increase. The better-educated under-30-year-olds are, and the more money they have, the more likely they are to live alone. Rich parts of China have more non-widowed single dwellers: in Beijing a fifth of homes house only one person. The marriage age is rising, particularly in big cities such as Shanghai and Guangzhou, where the average man marries after 30 and the average woman at 28, older than their American counterparts. Divorce rates are also increasing, though they are still much lower than in America. More than 3.5m Chinese couples split up each year, which adds to the number of single households."
Consistent with Victor Nee and Sonjia Opper’s central thesis in "Capitalism from Below: Markets and Institutional Change in China", Leslie Chang offers this observation of how change takes place in China:
I lived in China from 1998 to 2007, and the longer I stayed, the more I felt that governance was a frantic effort to keep up with what was happening on the ground. The economic opening championed by Deng Xiaoping was actually set in motion in 1978 by a group of Anhui farmers who illegally split up their communal farmland into individual plots, which led to increased efficiency and the dismantling of the communes.
Mercedes just announced self-driving trucks. China just had it first self-driving bus.