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This book by the renowned Chinese scholar Dr. Yinxing Hong provides the reader with a perceptive analysis of what has worked in China’s development model. Over the past 30 years, China has experienced a remarkable economic rise, but it now faces the challenge of switching the drivers of this economic growth, which have proven so successful. The path has not been an easy one, and many challenges lie ahead. However, the rise of the Chinese economy has been the most significant global development in recent years. Is there a specific Chinese model? How was the Chinese transition, from a Soviet-style economic structure to one that is more open to market influences and the global market, achieved? In 15 essays, Dr. Hong provides fascinating insights to these and other key questions. The essays cover the challenges involved in transition and how the market-oriented reforms progressed; what the consequences of the transition were for public goods provision and how China opened up its economic system. The essays in Part II address the remaining challenges facing rural areas trying to develop a more consumer-driven economic base, and how to effectively modify the model of economic development. This book provides a sound basis for policymakers and scholars alike, as well as anyone who wants to get an insider’s view of the progress and challenges faced by China’s economic development.

Economic growth. --- Economic stabilization --- Economic development. --- China --- Economic conditions. --- Economic policy. --- Development, Economic --- Economic growth --- Growth, Economic --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Asia-Economic conditions. --- Asian Economics. --- Economic Policy. --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Asia—Economic conditions.

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"The book provides a meticulous analysis of economic development and concomitant problems in China since the late 1970s and advances suggestions on further economic modernisation and transition from both theoretical and practical angles. Based on theories from development economics and solid empirical studies, the authors, two renowned Chinese economists, provide a perceptive analysis of the Chinese development model in the post-Mao era. They shed light on questions that have perplexed many: how can China sustain the rapid growth of the past forty years; is there a unique "China Path" to economic progress? They argue compellingly that China's development model has to switch from a manufacturing-driven one to a brand new approach, centring on scientific and technical innovation and the integration of its existing economic structure into an increasingly complex global economy. Such transformation will help overcome the "middle income trap" while addressing other institutional and economic challenges. The book will appeal to students, scholars and policy makers interested in the Chinese and global economies as well as transnational studies in the post-COVID world. General readers willing to obtain a grasp of Chinese economic development from the insider's perspective will also find it useful"--

Economic development --- History. --- China --- Economic conditions. --- Economic policy.