Research Catalog

Details

Description

1. xiv, 185 pages : illustrations; 23 cm

Summary

1. China's transition to a market economy has propelled its remarkable economic growth since the late 1970s. In this book, Nicholas R. Lardy, one of the world's foremost experts on the Chinese economy, traces the increasing role of market forces and refutes the widely advanced argument that Chinese economic progress rests on the government's control of the economy's 'commanding heights.' In another challenge to conventional wisdom, Lardy finds little evidence that the decade of the leadership of former President Hu Jintao and Premier Wen Jiabao (2003-13) dramatically increased the role and importance of state-owned firms, as many people argue. This book offers powerfully persuasive evidence that the major sources of China's growth in the future will be market- rather than state-driven, with private firms providing the major source of economic growth, the sole source of job creation, and the major contributor to China's still growing role as a global trader. Lardy does, however, call on China to deregulate and increase competition in those portions of the economy where state firms remain protected, especially in energy and finance.

Subject

1. 1976-2000
2. Government business enterprises > China
3. Privatization > China
4. Entreprises publiques > Chine
5. Privatisation > Chine
6. POLITICAL SCIENCE > Economic Policy
7. Economic history
8. Economic policy
9. Government business enterprises
10. Privatization
11. Privatisierung
12. Sozioökonomischer Wandel
13. Empreses públiques > Xina
14. Privatització > Xina
15. China > Economic policy > 1976-2000
16. China > Economic conditions > 1976-2000
17. Chine > Politique économique > 1976-2000
18. Chine > Conditions économiques > 1976-2000
19. China
20. Xina > Política i govern > 1976-2000
21. Xina > Condicions econòmiques > 1976-2000

Contents

1. Introduction -- State versus market capitalism. Product markets ; Labor and capital markets ; Competition ; Evolving role of economic planning -- Reform of state-owned enterprises. Grasping the large, releasing the small ; Emergence of SASAC ; Did the Hu-Wen reforms succeed? -- Rise of the private sector. Changing structure of ownership ; Role of private firms in generating employment and exports ; Explaining the growth of the private sector -- Implementing the reform agenda. State firms drag down growth ; The opportunity in services ; Financial sector reform ; Power of the Chinese state in perspective ; Debating the role of the market -- Appendix A: Alternative measures of private sector credit -- Appendix B: State versus private borrowing costs -- References.

Owning institution

1. Harvard Library

Bibliography (note)

1. Includes bibliographical references and index.

Processing action (note)

1. committed to retain