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.

Costs and Benefits of Interdependence: A Net Assessment

Most students of contemporary China are familiar with the Joint Economic Committee studies on China, which have appeared periodically since 1967. This is the most recent study in the series (released in April, 1991). This volume follows the format of the previous studies, offering a broad sweep of its subject matter. The 50 chapters - contributed by Chinese scholars in government, universities and private research centres - are divided into five major parts. Each section begins with an overview which summarises and comments on the main points in each of the chapters. The volume offers a detailed examination of China's economy, and the political and social factors currently facing the leadership in Beijing.

Now updated with a chapter-length afterword by the editors on the end of the Deng era and its aftermath, China in the 1990s provides a comprehensive survey of a nation in transition. An understanding of this complex process requires a multidisciplinary and multidimensional approach, which the editors have achieved by bringing together experts from Britain, the United States, Europe, Australia, and Hong Kong who examine China's economic, political, military, cultural and social achievements and problems. The difficulties China still faces are enormous, some of them of its own making: pollution, urban sprawl, the insecurity of food supplies, the risks of political authoritarianism and the perils of liberalisation. Its population is still growing dramatically and is likely to be 1.5 billion by 2015, three times what it was when the P.R.C. was established in 1949. But since embarking on a reform programme which, at the time seemed experimental and hard to reconcile with official ideology, it has gone from being the 'sick man of Asia' to being one of the world's largest and fastest developing economies in what now looks to be a remarkably effective and well-managed transition.

This book brings together distinguished contributors to create an essential reference volume on the future of China in the 1990s. The editors and contributors identify the main trends in the economy, cover the important topics carefully and comprehensively, and provide thought-provoking analysis of the likely future directions for China's growth.

In the early 1990's, the world began to recognize China as a rising economic power to reckon with. China's economy is dynamic ? her human and natural resources are plentiful and her economic growth has been well sustained over the last 16 years. In fact, some have predicted that by the year 2020, China's economic output will be close to half that of the US. It is undeniable that China will be an economic giant, if she is not already one today.In this book, the author has traced China's economic development over the last 16 years. The steps and characteristics of China's economic reform are detailed. The prospects for China's economic growth are studied. The author also attempts to analyze topical issues pertaining to China's economic relations with the US and her integration with the other Asian economies. This book provides the interested reader with a bird's eye view of the Chinese economy over the last 16 years. Most chapters are written for the general reader, while a few are for professional economists. For the questions it answers or for those that it raises, this is an important book to read.