China Development Research Foundation is one of the leading economic think tanks in China, where many of the details of China’s economic reform have been formulated. Its work and publications therefore provide great insights into what the Chinese themselves think about economic reform and how it should develop. This book presents a comprehensive survey of China’s reforms of the last thirty years. Its coverage includes macroeconomic policy; banking, finance, capital markets and tax; trade; labour markets; price reform; social security; and much else. Overall, it provides an invaluable assessment of the reforms from the perspective of experts within China, including an appraisal of how extensive the reforms have been, what consequences have turned out, and how far the reforms have been successful.
Thirty Years of Reform and Social Changes in China is translated from the original Chinese to provide a look into how scholars in China have been assessing their country's recent societal and political history. This volume and the others in the SSRC series, provide western scholars with an accessible English language look at the state of current scholarship in China on the interplay of the country's political and economic reforms with the society and daily life of its people.
This book constitutes the refereed proceedings of the 4th International Workshop on Internet and Network Economics, WINE 2008, held in Shanghai, China, in December 2008. The 68 revised full papers presented together with 10 invited talks were carefully reviewed and selected from 126 submissions. The papers are organized in topical sections on market equilibrium, congestion games, information markets, nash equilibrium, network games, solution concepts, algorithms and optimization, mechanism design, equilibrium, online advertisement, sponsored search auctions, and voting problems.
The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.
Writings by Wu Jinglian map not only China's path to economic reform but also the intellectual evolution of China's most influential economist. For more than thirty years, Wu Jinglian has been widely regarded as China's most celebrated and influential economist. In the late 1970s, Wu (b. 1930) was one of a small group of economic thinkers who broke with Marxist concepts and learned the principles of a market economy. Since then he has been at the center of economic reform in China, moving seamlessly as an “insider outsider” between academic and policy roles. In recent years, Wu has emerged as a prominent public intellectual fighting not just for market reform but also for a democratic society backed by the rule of law. This book presents many of Wu's most important writings, a number of them appearing in English for the first time. Each section offers an informative introductory essay by Barry Naughton, the volume's editor and an expert on China's economy. The book begins with Wu's most recent articles, which make clear his belief that gradual marketization combined with institutional development will make Chinese society fairer and less corrupt. Biographical writings follow, accompanied by a richly insightful text by Naughton on Wu's life and career. Writings from the 1980s and 1990s, written originally for a small audience of policy makers, demonstrate how Wu shaped China's early reform path; essays and articles from the late 1990s and early 2000s reflect Wu's new role as an advocate for broader reforms. Taken together, these texts map not only China's path to economic reform but also Wu's own intellectual evolution.
After three decades of reform and opening up, China is closing its doors, clamping down on Western influence in the economy, media, and civil society. At the same time, President Xi Jinping has positioned himself as a champion of globalization, projecting Chinese power abroad and seeking toreshape the global order. Herein lies the paradox of modern China - the rise of a more insular, yet more ambitious China that will have a profound impact on both the country's domestic politics and its international relations.In The Third Revolution, eminent China scholar Elizabeth Economy provides an incisive look at the world's most populous country. Inheriting a China burdened with slowing economic growth, rampant corruption, choking pollution, and a failing social welfare system, President Xi has reversed course,rejecting the liberalizing reforms of his predecessors. At home, the Chinese leadership has reasserted the role of the state into society and enhanced Party and state control. Beyond its borders, Beijing has recast itself as a great power and has maneuvered itself to be an arbiter - not just aplayer - on the world stage. Through an exploration of Xi Jinping's efforts to address top policy priorities - fighting corruption, controlling the internet, reforming state-owned enterprises, improving the country's innovation capacity, reducing the country's air pollution, and elevating itspresence on the global stage - Economy identifies the tensions, shortcomings, and successes of Xi's first five years in office. Xi's ambition, she argues, provides new opportunities for the United States and the rest of the world to encourage greater Chinese contribution to global public goods butalso necessitates a more proactive and coordinated effort to counter the rapidly expanding influence of an illiberal power within a liberal world order. This is essential reading for anyone interested in both China under Xi and how America and the world should deal with this vast nation in thecoming years.
After thirty years of economic reform, China has reached a crossroads in its development process, and faces many challenges in the use of natural resources, the living environment, and the economic, social and political systems. The sustainability of China’s reform and development is even more salient in the face of the global financial crisis and economic recession. Taking the 2008 Olympic Games in Beijing as an iconic turning-point, the book explores key themes such as economic reform and sustainability, innovation and sustainability, globalisation and social development, and analyses the prospects for sustainable reform and development in Post-Olympic China. The book includes topics such as Chinese banking reforms; the issue of regional inequalities; energy and environmental challenges; industry development and corporate social responsibility, and democracy and media bloggers. With analysis written by experts from a wide range of disciplines, the book will appeal to a wide range of readers interested in China’s environment and sustainable development, economic and political reform, and international relations.
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.
This book provides a historical overview of Chinese economic reform over the past 30 years. From the genesis of the reform to the gradual improvement of the market system, and then to the re-start of the critical stage of the reform, this book includes not only research on the reform process, but also detailed descriptions of the key areas of reform since the Third Plenary Session of the 18th CPC Central Committee. On this basis, the author develops six logics for Chinese economic reform. Firstly, reform is cyclical, moving between rapid advances and deadlock; this calls upon us to re-examine the common view of reform. Secondly, reform is systematic; it cannot succeed without supporting reforms in other fields. Thirdly, the relationship between reform, development and stability should be properly handled. This “trinity” is quite different from the perspective of western mainstream theory, which puts too much emphasis on efficiency. Fourthly, the success of Chinese reform was not achieved by chance. The reform practice is based on the theoretical logic, and also goes beyond the debate between progressive and radical modes. Fifthly, the Top-level Design should be combined with “crossing the river by moving from stone to stone,” i.e., the theoretical basis of reform should be combined with reform practice. Sixthly and lastly, the ongoing reform in China must be understood in the contexts of global competition and reform competition.
