The Chinese Economy in the 1990s

Regression results: explaining provinces' growth performance A9.1 Data used in regressions xi ## Acknowledgements This book is based on about a dozen papers and notes that I wrote or co-authored with colleagues over the past few years for many journals, conferences, and research projects, as well as my lecture notes for teaching the course on Chinese Economy at George Washington University. During the course of these studies, I benefited from a vast number of people in the US and in China. On many policy issues, discussions with economists from the World Bank and the International Monetary Fund were especially useful. Among others, these colleagues include Rajiv Lall, "This book consists of a number of papers presented to the Chinese Economic Association (UK) Annual Conferences in the late 1990s. They address many important issues in China's economy under transition." "In addition to the analyses of specific issues provided by individual papers, themes recurring in several contribute to broader theoretical, empirical and policy literatures. Some focus on the comparative literature on transition economies of China and Eastern European and former Soviet Union countries; some apply new methodologies to the analysis of economic issues such as money demand, consumption behaviour and industrial structural change; while others focus on policy and institutional reforms. Most contributors are experienced China scholars from the United Kingdom, France, the United States of America as well as from China itself."--Jacket "Following the road of an autarkic and egalitarian socialism for several decades, China has implemented economic reform and open-door policies since the late 1970s. This monograph sets out to analyse and compare the Chinese economy between the pre- and post-reform periods, providing insights into national and regional economic trends. The book is importantly focuses on regional comparisons and differences within China. Based on different kinds of regionalization on the Chinese economy, the author analyses the uneven distribution of natural and human resources and probes into the evolution of economic systems and policies from which differing regional economic performances have resulted accordingly."--BOOK JACKET This book provides a comprehensive overview and some economic analysis of China's economic reform experiences, particularly those since the late 1980s. It covers many institutional details of key aspects of the Chinese economy, including fiscal and monetary management, financial sector development, state-enterprise reform, international trade, foreign investment, decentralization and regional development. It is argued that while China has achieved a spectacular growth record over the past twenty years, and its reform efforts have successfully laid the foundation of a market-based economic management system, the country continues to face major challenges in sustaining its growth performance. This book presents a comprehensive overview and an economic analysis of China's economic reform experiences, particularly those since the late 1980s. It covers many institutional details of key aspects of the Chinese economy, including fiscal and monetary management, financial sector development, state enterprise reform, international trade, foreign investment, decentralization and regional development. It is argued that, while China has achieved a spectacular growth record over the recent past, and its reform efforts have laid the foundation of a market-based economic management system, the country continues to face major challenges in sustaining its growth performance Front Matter....Pages i-xiv Introduction and Overview....Pages 1-14 Fiscal Reform....Pages 15-41 Monetary Reform....Pages 42-57 Banking Reform....Pages 58-72 Development of the Stock Markets....Pages 73-91 State-owned Enterprise Reform....Pages 92-116 Export Promotion Strategies....Pages 117-133 Regional Policy under the Strategy of Economic Opening....Pages 134-151 Decentralization and Provinces’ Growth Performance....Pages 152-173 Back Matter....Pages 174-197 "This book presents a comprehensive overview and an economic analysis of China's economic reform experiences, particularly those since the late 1980s. It covers many institutional details of key aspects of the Chinese economy, including fiscal and monetary management, financial sector development, state enterprise reform, international trade, foreign investment, decentralization and regional development."--Jacket