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Author: Nai-Ruenn Chen
Publisher: Routledge
ISBN: 135152867X
Category : Business & Economics
Languages : en
Pages : 570
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Book Description
This thoroughly researched and clearly written compendium of available statistical information on China provides reliable information, careful explanations, useful guides to further research, and a full bibliography. An exhaustive compilation of national and provincial statistics on mainland China from 1949 to 1959, this book covers every facet of the Communist Chinese economy and presents the most comprehensive coverage available of statistical data on China from this period. Based on data obtained directly from Chinese sources, this book is the first attempt to provide Western readers with a reliable reference on the economy of mainland China. Nai-Ruenn Chen thoroughly and systematically examines each area of the economy and provides an authoritative guide to the terminology, classification, and method of collecting and listing data presented in the ample tables included in the book. Except in cases where missing information could be filled by simple arithmetic means or from descriptions by the Chinese themselves, no data was synthesized by inferential methods and no non-Chinese estimates were used. Rather Chen lists formulae for achieving indices for statistical measurement, defines geographical, economic, and administrative units of measurement, and explains the development of statistical procedures that have evolved in China. This volume is divided into eleven sections: area and population; national income; capital formation and related estimates; industry; agriculture; transportation and communication; trade; prices; living standards; public finance, credit, and foreign exchange rates; and employment, labor productivity, and wages. Each section consists of two parts: one containing the explanatory text, and the other, statistical tables grouped largely according to Chinese classifications. Chinese Economic Statistics in the Maoist Era: 1949-1965 is indispensable to anyone studying China, a valuable source for students of economic develo
Author: Nai-Ruenn Chen
Publisher: Routledge
ISBN: 135152867X
Category : Business & Economics
Languages : en
Pages : 570
Get Book Here
Book Description
This thoroughly researched and clearly written compendium of available statistical information on China provides reliable information, careful explanations, useful guides to further research, and a full bibliography. An exhaustive compilation of national and provincial statistics on mainland China from 1949 to 1959, this book covers every facet of the Communist Chinese economy and presents the most comprehensive coverage available of statistical data on China from this period. Based on data obtained directly from Chinese sources, this book is the first attempt to provide Western readers with a reliable reference on the economy of mainland China. Nai-Ruenn Chen thoroughly and systematically examines each area of the economy and provides an authoritative guide to the terminology, classification, and method of collecting and listing data presented in the ample tables included in the book. Except in cases where missing information could be filled by simple arithmetic means or from descriptions by the Chinese themselves, no data was synthesized by inferential methods and no non-Chinese estimates were used. Rather Chen lists formulae for achieving indices for statistical measurement, defines geographical, economic, and administrative units of measurement, and explains the development of statistical procedures that have evolved in China. This volume is divided into eleven sections: area and population; national income; capital formation and related estimates; industry; agriculture; transportation and communication; trade; prices; living standards; public finance, credit, and foreign exchange rates; and employment, labor productivity, and wages. Each section consists of two parts: one containing the explanatory text, and the other, statistical tables grouped largely according to Chinese classifications. Chinese Economic Statistics in the Maoist Era: 1949-1965 is indispensable to anyone studying China, a valuable source for students of economic develo
Author: Nicholas R. Lardy
Publisher: Peterson Institute for International Economics
ISBN: 0881326933
Category : Business & Economics
Languages : en
Pages : 302
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Book Description
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 similarly 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.
Author:
Publisher:
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Category :
Languages : en
Pages :
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Book Description
Author: R. Coase
Publisher: Springer
ISBN: 1137019379
Category : Business & Economics
Languages : en
Pages : 268
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Book Description
How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas which has a long and revered tradition in China would be integral in bringing about the Chinese dream of social harmony.
Author: Chu-yuan Cheng
Publisher: University of Michigan Press
ISBN: 0472038397
Category : Political Science
Languages : en
Pages : 89
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Book Description
Economic development in mainland China during the first two decades of Communist control provides a typical example for the difficult task to transform a vast underdeveloped agrarian economy into a modern industrial one. In the first half of this period, a series of massive transformations of social and economic institutions was accompanied by a drafted industrialization program; the result was an impressive speed-up in economic growth. The second decade witnessed an economic crisis (1960–62) and a political upheaval (1966–68). These disruptions marred the economic performance over the period as a whole. Consequently, the long-term growth rate appears to have been only moderate. The Economy of Communist China reviews selected aspects of the economy. After examining the development strategy, it analyzes the quantitative trends and the structural changes. The book goes on to analyze the key factors contributing to the earlier growth and the elements responsible for the later disruption and finally assesses the impact of the Cultural Revolution on the Chinese economy and the prospects of the current Third Five-Year Plan. The text includes a bibliography of selected materials on Chinese economic development.
Author: Congressional Research Service
Publisher: Createspace Independent Publishing Platform
ISBN: 9781976466953
Category :
Languages : en
Pages : 52
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Book Description
Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
Author: Andrew G. Walder
Publisher: Harvard University Press
ISBN: 0674286707
Category : History
Languages : en
Pages : 440
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Book Description
China’s Communist Party seized power in 1949 after a long period of guerrilla insurgency followed by full-scale war, but the Chinese revolution was just beginning. China Under Mao narrates the rise and fall of the Maoist revolutionary state from 1949 to 1976—an epoch of startling accomplishments and disastrous failures, steered by many forces but dominated above all by Mao Zedong. “Walder convincingly shows that the effect of Maoist inequalities still distorts China today...[It] will be a mind-opening book for many (and is a depressing reminder for others).” —Jonathan Mirsky, The Spectator “Andrew Walder’s account of Mao’s time in power is detailed, sophisticated and powerful...Walder takes on many pieces of conventional wisdom about Mao’s China and pulls them apart...What was it that led so much of China’s population to follow Mao’s orders, in effect to launch a civil war against his own party? There is still much more to understand about the bond between Mao and the wider population. As we try to understand that bond, there will be few better guides than Andrew Walder’s book. Sober, measured, meticulous in every deadly detail, it is an essential assessment of one of the world’s most important revolutions.” —Rana Mitter, Times Literary Supplement
Author: Felix Wemheuer
Publisher: Cambridge University Press
ISBN: 1107123704
Category : History
Languages : en
Pages : 349
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Book Description
This new social history of Maoist China provides an accessible view of the complex and tumultuous period when China came under Communist rule.
Author: Joshua Eisenman
Publisher: Columbia University Press
ISBN: 0231546750
Category : Social Science
Languages : en
Pages : 427
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Book Description
China’s dismantling of the Mao-era rural commune system and return to individual household farming under Deng Xiaoping has been seen as a successful turn away from a misguided social experiment and a rejection of the disastrous policies that produced widespread famine. In this revisionist study, Joshua Eisenman marshals previously inaccessible data to overturn this narrative, showing that the commune modernized agriculture, increased productivity, and spurred an agricultural green revolution that laid the foundation for China’s future rapid growth. Red China’s Green Revolution tells the story of the commune’s origins, evolution, and downfall, demonstrating its role in China’s economic ascendance. After 1970, the commune emerged as a hybrid institution, including both collective and private elements, with a high degree of local control over economic decision but almost no say over political ones. It had an integrated agricultural research and extension system that promoted agricultural modernization and collectively owned local enterprises and small factories that spread rural industrialization. The commune transmitted Mao’s collectivist ideology and enforced collective isolation so it could overwork and underpay its households. Eisenman argues that the commune was eliminated not because it was unproductive, but because it was politically undesirable: it was the post-Mao leadership led by Deng Xiaoping—not rural residents—who chose to abandon the commune in order to consolidate their control over China. Based on detailed and systematic national, provincial, and county-level data, as well as interviews with agricultural experts and former commune members, Red China’s Green Revolution is a comprehensive historical and social scientific analysis that fundamentally challenges our understanding of recent Chinese economic history.
Author: Maddison Angus
Publisher: OECD Publishing
ISBN: 9264163557
Category :
Languages : en
Pages : 196
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Book Description
The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.
