How has China been able to maintain high-speed economic growth during the last thirty-plus years and successfully transform itself from a poor, backward, and developing country to become the world's second-largest economy? What are the challenges that China faces today and how will she deal with them in order to continue moving toward a truly prosperous and modern society? Standing at a crossroads today, what future direction should China choose: a free market economy or state capitalism? In a series of penetrating dialogues, Wu Jinglian, China's most celebrated and influential economist, and Ma Guochuan, chief commentator of Caijing Magazine, attempt to address the following question: "Where is China going?" This volume offers critical insights into the historical evolution of China's ongoing economic and social transformation. Strongly reflecting Professor Wu's views on the future prospects of the economic reforms, the book provides readers with a deep and lucid understanding of the social and economic issues now confronting China, analyzes their underlying causes, and examines the serious challenges to implementing further reforms. Professor Wu argues that the only way to escape the various social ills in China today is to restart the economic and political reforms, which began thirty years ago but have slowed down during the recent decade, and to move China in the direction of a market economy, the rule of law, and democracy.

Whither China?: Restarting the Reform Agenda

Business & Money

Jinglian, Wu

Guochuan, Ma

Hua, Xiaofeng

Hearst, Nancy

Economics

Oxford University Press

The Chinese Economy: A New Transition (International Economic Association Series)

Masahiko Aoki

PALGRAVE~MACMILLAN

<p>International interest in China is increasing. Not surprisingly, China-related news is hitting the headlines of leading international media. This is well grounded, given the fact that China is the largest developing country in the world with almost a quarter of the world’s population. However, many reports on China are self-contradictory, which again reveals the complexities of a nation that has experienced dramatic change for over a century. For the outsider, it is virtually impossible to follow China’s overriding trends of change without understanding its past and present. This book provides a chronological record of the major changes that have taken place in the Chinese economy over the past five decades.</p>

China's Long March Toward a Market Economy

Shanghai Book Traders

Facing the Era of Great Transformation: Essays on deepening reforms

The Chinese economic reform that started in 1978 has met with enormous success. Understanding and Interpreting Chinese Economic Reform (2e) attempts to provide a complete history of this reform and interpret it from the perspective of modern economics in the wider context of social justice and political reform.This book is divided into three major parts. Part I touches upon the background of the reform and the evolution of its strategy-administrative decentralization during 1958-1978, incremental reform during 1979-1993, and overall advance from 1994 to the present. Part II discusses the reform strategies and their implementation in major sectors of the economy: the agricultural sector, the state-owned industrial sector, the private sector, the financial sector, government finance, and foreign trade and investment. Part III elaborates issues related to reform at the macroeconomic and social levels, including the social security system, macroeconomic policies, social relations, and government's functions.KEY FEATURES-Provides a complete history and in-depth analysis of Chinese economic reform that started in 1978.-Touches upon the background of the reform and the evolution of its strategy during the different periods.-Examines the reform strategies and their implementation in major sectors of the economy.-Elaborates issues related to reform at the macroeconomic and social levels.

Understanding and Interpreting Chinese Economic Reform

International

Gale Asia

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