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Author: Nai-Ruenn Chen Publisher: Routledge ISBN: 1351528661 Category : Business & Economics Languages : en Pages : 747
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: 1351528661 Category : Business & Economics Languages : en Pages : 747
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
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: Katsuji Nakagane Publisher: Springer Nature ISBN: 9811954100 Category : Business & Economics Languages : en Pages : 274
Book Description
This book focuses on several specific features characterizing China’s economy in the Mao era (1952–1976), and discusses whether and how they are related to the new economic strategy called “reforms and opening-up” under Deng Xiaoping’s leadership with the result of the aftermath of well-known rapid growth. It provides the reader with basic knowledge of the continuity and discontinuity between the Mao and Deng eras. Readers are provided with some important clues for thinking about how Maoist China could have contributed to or alternatively prevented today’s economic development. The topics addressed here include a brief overview of economic development under Mao, significant differences between Mao and Deng economics, and socialist transformations during the early Mao era. These include collectivization as well as communization and the effects on agricultural productivity; water supply construction drives utilizing a vast amount of rural surplus labor; rural finance; the effects on national savings, and the development of heavy and light industry. Also considered are the effects on the socialist industrialization, rural small-scale industries during the Cultural Revolution and their aftermath, and the realities of social life in a Third-front construction site promoted by Mao’s military strategy in the 1960s. This book is highly recommended to readers who are interested in contemporary China’s economy, particularly to scholars and students. The volume gives new insight into the background or preconditions that made possible historically rare miracles of the Chinese economy after Mao.
Author: Chu-Yuan Cheng Publisher: U of M Center for Chinese Studies ISBN: 0472038397 Category : Languages : en Pages : 89
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: R. Coase Publisher: Springer ISBN: 1137019379 Category : Business & Economics Languages : en Pages : 268
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: W. Kraus Publisher: Springer Science & Business Media ISBN: 146125728X Category : Business & Economics Languages : en Pages : 444
Book Description
It is a pleasant task to welcome the appearance of the American edition of Professor Willy Kraus' valuable work on the economic and social development of the People's Republic of China, first published in German in 1979. The book has been updated in the light of the events that have occurred since the original publication and incorporates the latest statistical information made available by the Chinese authorities with unaccus tomed liberality. The American edition, like its German predecessor, is a monumental achievement of scholarship, attractively presented. In its comprehensiveness, insight, professionalism and wisdom it ranks among the best studies of the subject. It will add to the knowledge of the specialist, and help the interested layman find his way through the complexities of contemporary China's socioeconomic system. Professor Kraus' work is a most timely and welcome addition to a better and more thorough understanding of an absorbing and important subject. June 1982 Jan S. Prybyla Professor of Economics The Pennsylvania State University University Park, Pennsylvania Preface This book deals with China's development policies. It is based on the original German edition (1979), "Wirtschaftliche Entwicklung und sozialer Wandel in der Volksrepublik China," but is not merely a translation of the German original. The rapid changes in Chinese policy within the last two years, together with a sudden deluge of official data on economic and social developments in the People's Republic of China, have called for a basic and comprehensive revision of text and statistics.
Author: Felix Wemheuer Publisher: Cambridge University Press ISBN: 1107123704 Category : History Languages : en Pages : 349
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: Congressional Research Service Publisher: Createspace Independent Publishing Platform ISBN: 9781976466953 Category : Languages : en Pages : 52
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: Nai-Ruenn Chen
Author: Nai-Ruenn Chen
Author: Nicholas R. Lardy
Author: John G. Gurley
Author: Katsuji Nakagane
Author: 
Author: Chu-Yuan Cheng
Author: R. Coase
Author: W. Kraus
Author: Felix Wemheuer
Author: Congressional Research Service