China S Economic Challenge Smashing The Iron Rice Bowl

This book lays bare the reality behind China's efforts at economic modernization by showing: (1) what is happening to the industrial forces that help shape the economy; (2) how economic agents have behaved; (3) what government intentions really are; and (4) how the transition from a centralized to a market-oriented economy has been filled with contradictions and difficult choices. The author examines issues such as China's WTO membership; the Three Gorges Project; the widening differences between the urban and rural areas; the government's efforts to protect its own interests and maintain stability; the impact of reform; and the situation facing state enterprises, the banking system, the agricultural sector, and the environment.

First published in 1988, this book explores the socio-economic and political impacts of Chinese socialist movements, peasant initiatives, rural industrialization and economic reforms in China in the mid-twentieth century.

China's economy is now comfortably among the world's elite in terms of size. This book examines the contemporary Chinese economy, focusing on the production, appropriation, and distribution of surplus value.

China’s Market Communism guides readers step by step up the ladder of China’s reforms and transformational possibilities to a full understanding of Beijing’s communist and post-communist options by investigating the lessons that Xi can learn from Mao, Adam Smith and inclusive economic theory. The book sharply distinguishes what can be immediately accomplished from the road that must be traversed to better futures.

First Published in 2009. Routledge is an imprint of Taylor & Francis, an informa company.

This book examines the transformation of values in China since 1850, first in the “secular” realms of economics, science, medicine, aesthetics, media and gender, and then in each of the major religions (Confucianism, Buddhism, Daoism, Christianity) and in Marxist discourse.

' This invaluable book offers an insight into China through its history, culture, people, economy, education, science and technology, as well as government and political system. The author also compares the “twin” cities of Hong Kong and Shanghai, and describes places of interest in the world's most populous country. In addition, he offers a glimpse into the delicate China–US relations, highlighting partnership opportunities between the two giant economies. The book is based on the author's knowledge accumulated over five decades of research, teaching, traveling, directing projects on China, and working with Chinese government officials, educators, academics and entrepreneurs. Contents:Some Facets of China's HistoryCulture and Daily LifeThe EconomyThe Chinese PeopleEducation, Science and TechnologyGovernment System and PerformanceHong Kong and Shanghai: Two Modern CitiesA Country for TouristsUS–China Relations Readership: Undergraduates, graduate students, academics, business people and general readers. Keywords:China;Culture;History;Economy;US-China Relations;Tourists;Confucius;BeijingReviews:“Gregory Chow enlivens this authoritative and lucid survey of China — its history, its current condition, its future prospects — by drawing on his own experience as a native born Chinese who has spent more than half a century as an academic in the West and has been active in mainland China as teacher and advisor since the early 1980's.”Milton Friedman most influential economist in the last half century and recipient of the 1976 Nobel Prize in Economic Sciences “I have read the manuscript by Gregory Chow on China with great interest. As one who is working in China, I find it most effective in its scope and depth and in its direct style. Generally I find it GREAT.”Robert Venturi most prominent architect and 1991 Pritzker Architecture Prize Laureate “Gregory Chow has once again written an excellent and very readable book on China, covering history, culture, population issues, governmental system, and other topics besides the economy. I strongly recommend the book to any one who wants a good introduction to China.”Gary Becker 1992 Nobel Laureate in Economic Sciences “China 's path of development is a fascinating story, and the future development of that immense country will touch people throughout the world. Gregory Chow gives us a thoughtful, authoritative, and readable book that will inform us and deepen our understanding of these portentous developments.”George P Shultz former U.S. Secretary of State “This is an excellent book. I enjoyed very much reading it and learned enormously from it.”Samuel C C Ting 1976 Nobel Laureate in Physics “I highly recommend this book. It will be an important addition to the library of readers interested in gaining valuable insights into a culture and economy that has only just begun to impact our nascent international order. During these times of commercial globalization and international political turmoil, Professor Chow's central message and reminder that the best way to understand another country is to keep in mind the other country's interests and needs, is an important one. There's an old Chinese expression that states that all long journeys must start with a first step: Professor Chow's book is an essential first step for anyone thinking about a short or long voyage to China.”Bryan Bachner Associate Professor of Law City University of Hong Kong “Written in a manner readily accessible by the general public, ‘Knowing China’ provides an insightful view into the complex world of China.”Futurecasts '

Trade and capital are important in the Asia region. Trade in the APEC region has been increasing, but the large rise in China’s exports has also been disturbing as it exhibits export substitution. The first two papers conclude that every economy has gained in trade, though some are more successful than others. And that rise in export has a lot to do with a rise in foreign direct investments. Macroeconomic stability is the pre-condition to growth. Empirical studies show that the lack of stability has encouraged capital to flee an economy. Similarly, a market-oriented, price-driven and matured financial market provides an alternative source of funding. The lesson in economic development is that success in economic growth requires both an externally friendly market environment as well as consistent and favourable internal policies.