The Chinese Economy In Transition

The most comprehensive English-language overview of the modern Chinese economy, covering China's economic development since 1949 and post-1978 reforms--from industrial change and agricultural organization to science and technology.

This book by the renowned Chinese scholar Dr. Yinxing Hong provides the reader with a perceptive analysis of what has worked in China’s development model. Over the past 30 years, China has experienced a remarkable economic rise, but it now faces the challenge of switching the drivers of this economic growth, which have proven so successful. The path has not been an easy one, and many challenges lie ahead. However, the rise of the Chinese economy has been the most significant global development in recent years. Is there a specific Chinese model? How was the Chinese transition, from a Soviet-style economic structure to one that is more open to market influences and the global market, achieved? In 15 essays, Dr. Hong provides fascinating insights to these and other key questions. The essays cover the challenges involved in transition and how the market-oriented reforms progressed; what the consequences of the transition were for public goods provision and how China opened up its economic system. The essays in Part II address the remaining challenges facing rural areas trying to develop a more consumer-driven economic base, and how to effectively modify the model of economic development. This book provides a sound basis for policymakers and scholars alike, as well as anyone who wants to get an insider’s view of the progress and challenges faced by China’s economic development.

This wide-ranging collection addresses many important issues in China's economy under transition, from grain production to trade, to the development of township enterprises, the restructuring of state-owned enterprises, the emergence of big business, money demand and consumption behaviour. Together, the studies provide insightful analysis and discussion of economic policies, illuminating the institutional context within which reform strategies are negotiated and implemented in different economic sectors.

China's current account surplus has declined to around one-quarter the peak reached before the global financial crisis. While this is a major reduction in China's external imbalance, it has not been accompanied by a decisive shift toward consumption-based growth. Instead, the compression in its external surplus has been accomplished through increasing fixed investment so that it is now an even higher share of China's national economy. This increasing reliance on fixed investment as the main driver of China's growth raises questions about the durability of the compression in the external surplus and the sustainability of the current growth model that has had unprecedented success in lifting about 500 million people out of poverty over the last three decades. This volume examines various aspects of the rebalancing process underway in China, highlighting policy lessons for achieving stable, sustainable, and inclusive growth.

This book brings together leading international scholars and leading scholars from China’s highly prestigious Development Research Centre of the State Council of the People’s Republic of China, who all put forward their insights into the current challenges for the Chinese and the world economy. The book focuses on six topics: economic growth, trade, industry and services, innovation, finance, and environment and ecology, all of which are central to the sustainable economic growth of China and the world. Overall, the book provides balanced perspectives as well as rich empirical evidence from China and other parts of the world on the development and regulation of the Chinese and the world economy.

China has enjoyed a higher growth rate for a longer period than any other nation to date. This volume brings together leading economists to analyse this unprecedented economic boom, and discuss prospects for the future. Chapters address a wide range of issues, covering not only financial systems, but also the social and cultural impact of growth.

"Will China be able to preserve the momentum of its economic reform in the post Deng Xiaoping era? Will her rising regionalism lead to internal chaos and warlordism? Is China's central government capable of acquiring the much needed policy instruments to maintain macroeconomic stability? This book seeks to answer these questions by adopting the Public Choice approach to analyse the complex ways in which China's political processes affect economic outcomes during its transition towards the market." "The author describes how macro-level policy initiatives affect the behaviour of micro-level actors such as households, enterprises, and localities, and how micro-level behaviour changes in large numbers become unorganised yet powerful collective actions, which in turn send strong signals to macro-level policy makers and thus change the state's policy orientations and result in new state-society relationships. The author argues that new incentives are thereby created and new interest groups are generated to sustain those changes and demand further reform, thus making the market transition an irreversible process."--BOOK JACKET.Title Summary field provided by Blackwell North America, Inc. All Rights Reserved

Contains updated papers from an international conference held in Brisbane, Australia, centering on China's economic reforms and economic growth, regional issues and property rights in China, environmental issues and land use, and science and technology policies. Specific topics include China's market reforms and its new forms of scientific and business alliances, sustainable land use in the Three-Gorges area, and inter-village income inequality in China. Annotation copyrighted by Book News, Inc., Portland, OR