Economic growth in China and Europe: development of the financial sector and the labor market

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China is emerging as a superpower in the 21st century, transitioning from an "international nobody" to a significant global player in just a few decades. This rapid rise has sparked a blend of admiration and apprehension from America and Europe, as it brings new tensions in political, economic, and social spheres that must be addressed for China's growth to benefit both itself and the international community. The developments within China are crucial not only for its own progress but also for reshaping global political and economic dynamics. This collection of papers by esteemed Chinese and European economists aims to enhance understanding of these intricate relationships and the opportunities for national and inter-regional growth. It focuses on two main aspects of economic development: the challenges and solutions related to corporate and financial governance, and the interplay between education, human capital, employment, and healthcare. The first part addresses corporate and financial governance, discussing topics such as decentralization, the paradox of law and finance, corporate governance, and intergovernmental fiscal relations in the EU. The second part delves into human capital, employment, and healthcare, examining issues like educational deepening, brain return, rural worker migration, employment for disabled individuals, and healthcare inequities in China, alongside comparisons with Europe’s responses to econom