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Zhu Rongji And Chinas Economic Take Off
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Book Synopsis Zhu Rongji And China's Economic Take-off by : John Wong
Download or read book Zhu Rongji And China's Economic Take-off written by John Wong and published by World Scientific. This book was released on 2016-04-25 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Following Deng Xiaoping's economic reform and opening (Gaige Kaifang) policy, China experienced unprecedented high growth for over three decades. Crucial in the process was the role of Zhu Rongji, who was hand-picked by Deng initially as Executive Vice-Premier and later full Premier to carry through the needed reform and manage the critical marketization process through the turbulent 1990s when China's economy suffered many ups and downs. Dubbed as China's 'Economic Czar', Zhu tackled many thorny problems associated with the country's then half-reformed economy ably and effectively, thereby laying the ground for subsequent periods of greater dynamic growth. Zhu was instrumental in preparing China's economy for its final take-off.The chapters in this volume were originally written as 'policy briefings' for the Singapore government from 1997 to 2003 when Zhu was Premier. They cover a wide variety of topics including how he had applied his own way of 'macroeconomic control' (Hongguan Tiaokong), how he went about reforming taxation, foreign exchange and state-owned enterprises, and finally his embrace of capitalism. Each chapter is preceded by a detailed introduction highlighting the main issues and interpreting them from today's perspective based on updated information and additional new research.
Book Synopsis Zhu Rongji and The Transformation of Modern China by : Laurence J. Brahm
Download or read book Zhu Rongji and The Transformation of Modern China written by Laurence J. Brahm and published by John Wiley & Sons. This book was released on 2002 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's astonishing transformation from a centrally planned to a market economy was one of the most remarkable stories of the twentieth century. It has set the stage for what many see as a period of unparalleled future growth. During this spell of delicate and risk-fraught economic transition, one defining figure stands out as the true driving force - Zhu Rongji. A remarkable visionary, Zhu has consistently refused to follow the conventional wisdom of established economics. Instead, he has developed a unique approach for a unique situation. Author Laurence Brahm tells the inside story of Zhu's rise to power, the political obstacles that he has overcome and the policies that he has engineered to set China on a new path. While other developing countries such as Russia, have floundered badly, China continues to excite the world with its phenomenal growth. Brahm skillfully argues that Zhu's policies of managed marketization deserve international recognition as a new economic model for both developing and transitional economies. In Zhu Rongji and the Transformation of Modern China, Laurence Brahm provides a fascinating inside account of the man dubbed an "economic czar" by many western commentators. This is the untold story of Zhu and his strategies, and the key events that have shaped China into a modern nation and economic powerhouse.
Book Synopsis Two Decades of Reform in China by : Gao Shangquan
Download or read book Two Decades of Reform in China written by Gao Shangquan and published by World Scientific Publishing Company. This book was released on 1999-09-17 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: A planned economy system was set up in China after the establishment of the PRC in 1949, and its reform was launched in 1978. The reform has gone on for 20 years and has achieved globally recognized success. China's economy is now in the course of transforming from a planned economy into a socialist market economy. This book summarizes the successful experiences and points out the difficulties of the deep reform and the prospects for the 21st century. Rich in historical data and material, it provides valuable information for readers from universities, institutions and enterprises as well as government officials — whoever is interested in China and its economic reform. The author, a famous Chinese economist, has been involved in the leadership of the Chinese economic system's reform since its launch in 1979. In 1998 he was invited by the World Bank to give a series of seminars on China's economic reform, and most of the contents of those seminars are included in this book.
Book Synopsis The Political Economy of Deng's Nanxun by : John Wong
Download or read book The Political Economy of Deng's Nanxun written by John Wong and published by World Scientific. This book was released on 2014-02-24 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is about the political economy of Deng Xiaoping's Nanxun (tour of South China), which was the most critical phase in China's reform and development since 1978. The first round of Deng's reform resulted in high growth through the 1980s. However, it created a messy half-reformed economy with many problems, including the Tiananmen incident. The immediate aftermath of the Tiananmen was collapse of economic growth and reform deadlock. To break out from this low-level “reform-growth trap”, Deng decided to launch the Nanxun, not just to reignite the reform but also to complete China's march towards a market economy. Looking back, the Nanxun led to the most crucial reform breakthrough, which, in turn, sparked off a dynamic reform-growth-nexus for China's eventual economic take-off. The chapters in this volume were originally “policy reports” on China, meant for the Singapore government. These reports were written based on the information available at that time, and reflected the prevailing political mood. Each chapter is accompanied by a detailed introduction that is aimed at providing a broad background for readers to better understand the Nanxun period. The introduction also serves as a post-evaluation of the events based on new information, and shows how those events have evolved over the years. In combination, these chapters should piece together a reasonably realistic picture of the basic politics and economics of the crucial Nanxun period. Contents:IntroductionBackground Chapters:China's Per-Capita GNP at the Beginning of Economic ReformChina's Entrepreneurial Approach to Economic ReformThe Politics and Economics of Deng's Nanxun:The 7th Party Plenum 1990 and the Continuing Post-Tiananmen Political Stalemate Over ReformWhat is in the Surname, She or Zi: The Post-Tiananmen Ideological DiscordEconomic Upsurge in 1992: An Immediate Nanxun EffectWhat has China Accomplished in Economic Reform in 1994?Soft-Landing of the Economy in 1995: The Nanxun's ClimaxChina's Ninth Five-Year Plan, 1996–2000Agricultural and Rural Development:The Quiet Industrial Revolution in the Chinese Countryside: Township and Village Enterprises (TVEs)Why Deng was So Concerned About AgricultureForeign Trade and Investment:Progress in Foreign Trade ReformChina and the GATTChina and the World Trade OrganizationSoutheast Asian Ethnic Chinese Investing in China Readership: Academics, professionals, policy makers, undergraduate and graduate students interested in China's economic development, China's reform and the open-door policy. Keywords:Deng Xiaoping's Reform and Open-Door Policy;Nanxun;Reform-Growth-Nexus;Tiananmen Incident;7th Party Plenum;Reform Stalemate;Socialist Market Economy;GATT;WTO;Tax Reform;Foreign Exchange Reform;TVEsReviews: “John Wong's approach is pragmatic as well as empirical and policy-oriented. This makes his book highly readable for scholars and students in disciplines neighboring the economics profession. It also makes the book accessible to policy makers and the informed public. The book gives an excellent example of informed analysis of China's economic development issues written at a crucial turning point in the country's reform and development trajectory. The introduction and the abstract introducing each chapter provide new value-added information and insight. In sum, this book is a must for anyone interested in contemporary China's political economy.” Journal of Economics and Political Economy
Book Synopsis Zhu Rongji on the Record by : Zhu Rongjo
Download or read book Zhu Rongji on the Record written by Zhu Rongjo and published by Brookings Institution Press. This book was released on 2013-08-16 with total page 488 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s explosive transformation from a planned economy to a more market-oriented one over the past three decades owes much to the charismatic reformer Zhu Rongji. His pragmatism and strong work ethic have been key forces in China’s drive to greater modernization and global stature. He served as the mayor and party chief in Shanghai from 1987 to 1991, as vice premier of China from 1991 to 1998, and then as premier until 2003. This monumental collection brings together, for the first time in English, over one hundred important speeches, articles, letters, and instructions written during his term as vice premier, when he had major responsibility for fulfilling Deng Xiaoping’s vision and setting China on a new and fruitful course. During this time, Zhu embarked on a plan to reduce the size of government and reform the heavily indebted banking system and state-owned enterprises as well as the housing and health care systems. His sweeping efforts ranged from lobbying for the establishment of stock exchanges to revitalizing agriculture through the introduction of a modern grain market. The ramifications of these reforms are still being felt throughout China and the globe, and Zhu Rongji on the Record provides a real-time look at these plans as they were being formulated during the 1990s. These pages also reflect the forthright personality that gained great popularity with the Chinese public. Zhu vows to speak the truth and avoid “empty talk,” as he tells his compatriots. “We must tackle [reform] with both hands, and both hands must be strong.” To this end, he provides lists of “musts” and “mustn’ts” that will ensure a “soft landing” during China’s transition and calls for swift and resolute action, both in reform and in fighting corruption. In addition to revealing the evolution of Zhu’s thinking and demonstrating how he helped transform the world’s most populous nation, this book provides insight into the course of China’s economic reform from the 1990s through the first part of the twenty-first century—a period of time that is key to the global order today. Publication of this English edition of Zhu Rongji on the Record will be an important milestone in Sino-U.S. cultural exchange and a significant contribution to greater understanding between the world’s two largest economic powers.
Book Synopsis China's Economic Reform by : Raphael Shen
Download or read book China's Economic Reform written by Raphael Shen and published by Bloomsbury Publishing USA. This book was released on 2000-02-28 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both Mao Zedong and Deng Xiaoping drastically altered the course of contemporary China's economic development using opposing strategies. Mao froze China's economic system in a perennial state of consumer goods shortages and pervasive macro disequilibria. Deng, however, began thawing a rigidly structured system by introducing experimental reform measures. Mao's revolutionary rhetoric brought China's economy to the brink of bankruptcy. Deng's ideological pragmatism netted China glowing successes. Mao closed China to the outside world. Deng engineered China's reintegration into the world economy. Dismantling a dysfunctional system and replacing it with a dynamic new one involving 1.2 billion people is risk-laden. Reform in China began in 1978. It was tentative and experimental, confining reform to organizational and administrative decentralization on farms. Successes on farms ushered in reform elsewhere in the economy. Over time, market-based coordinating mechanisms progressively began replacing the system's control devices. Results from decentralization internally reinforced those from liberalization externally. This consequently transformed China's stale, distorted system into a more competitive, bustling new one ready for developmental takeoff. Its meteoric rise among the world's leading markets in recent years has thrust China's economy to the forefront of growth and development. Controlled, phased reform is yielding dividends, not only for its own consumers but for international economic cooperation and growth as well.
Book Synopsis Zhu Rongji on the Record by : Rongji Zhu
Download or read book Zhu Rongji on the Record written by Rongji Zhu and published by Brookings Institution Press. This book was released on 2015-01-08 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's explosive transformation from a planned economy to a more market-oriented one over the past three decades owes much to the charismatic reformer Zhu Rongji. As China's premier from 1998 to 2003, Zhu displayed a pragmatism and strong work ethic that have been key forces in China's drive to greater modernization and global stature. During this time, Zhu embarked on a plan to reduce the size of government and reform the heavily indebted banking system and state-owned enterprises as well as to overhaul the housing and health care systems. His sweeping efforts ranged from lobbying for the establishment of stock exchanges to revitalizing agriculture through the introduction of a modern grain market. The ramifications of these reforms are still being felt throughout China and the globe, and The Road to Reform provides a real-time look at these plans as they were being formulated during the 1990s to the early 2000s. The second of a two-volume collection containing more than 100 speeches and personal papers by Zhu, this volume is a revealing and insightful look at Zhu's thinking and will lead to greater understanding of one of the world's two largest economic powers.
Author :Nicholas R. Lardy Publisher :Peterson Institute for International Economics ISBN 13 :0881327387 Total Pages :258 pages Book Rating :4.8/5 (813 download)
Book Synopsis The State Strikes Back by : Nicholas R. Lardy
Download or read book The State Strikes Back written by Nicholas R. Lardy and published by Peterson Institute for International Economics. This book was released on 2019-01-01 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy. Lardy's book arrives in timely fashion as a sequel to his pathbreaking Markets over Mao: The Rise of Private Business in China, published by PIIE in 2014. This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China's potential. As with his previous book, Lardy's perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades—if it reverses course and returns to the path of market-oriented reforms.
Book Synopsis Economic Lessons from China’s Forty Years of Reform and Opening-up by : David Daokui Li
Download or read book Economic Lessons from China’s Forty Years of Reform and Opening-up written by David Daokui Li and published by Springer Nature. This book was released on 2021-03-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book first shows that the past 40 years of China's economic reform and opening up represents the greatest magnitude of economic growth in history. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China's economic reform and opening up, all in the area of the relationship between the government and the economy. First, the local governments need to be incentivized to help rapid entry and development of enterprises. Second, local governments need to be incentivized to help rapid land conversion from agricultural to non-agricultural. Third, financial deepening is vital; that is, inducing households to hold more and more financial assets in local currency. Financial deepening is essential to convert savings into investments. This requires financial stability, which is crucial. Fourth, the learning through opening up is the key to endogenous economic growth. The fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rationale is that enterprises compete with each other in games of industrial organization. In order to resolve this problem, proactive measures including market-oriented means, administrative orders and reform measures should be implemented. Overall, the main lesson from China's past 40 years of reform and opening up is that proper incentives and behavior of the government, local and central, are important for economic growth. China has been conducting reforms in this regard and as a result, the government more or less has been playing the role of a "helping hand" regarding economic growth, although China's economic system is far from perfect and many reforms are still needed.
Book Synopsis Chinese Economists on Economic Reform - Collected Works of Guo Shuqing by : Guo Shuqing
Download or read book Chinese Economists on Economic Reform - Collected Works of Guo Shuqing written by Guo Shuqing and published by Routledge. This book was released on 2013-03-01 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: China Development Research Foundation is one the leading economic think tanks in China, providing a base where many leading Chinese economists have developed the details of Chinese economic reform. This book is the second of a series which makes available to an English-speaking audience the work of the individual Chinese economists who were the architects of reform. The series provides an inside view of China’s economic reform, revealing the thinking of the reformers themselves, unlike many other books on China’s economic reform which are written by outside observers. Guo Shuqing has made major contributions to the thinking underlying China's economic reforms and to the practical implementation of several of those reforms.
Book Synopsis Narratives of Chinese Economic Reforms by :
Download or read book Narratives of Chinese Economic Reforms written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unlikely Partners by : Julian Gewirtz
Download or read book Unlikely Partners written by Julian Gewirtz and published by Harvard University Press. This book was released on 2017-01-02 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt: With Deng Xiaoping’s blessing, Mao’s successors scoured the globe for fresh ideas to launch domestic prosperity and global economic power. Yet China’s government did not publicize its engagement with Western-style innovations, claiming instead that economic reinvention was the Party’s achievement alone. Julian Gewirtz sets forth the truer story.
Book Synopsis State-Led Privatization in China by : Jin Zeng
Download or read book State-Led Privatization in China written by Jin Zeng and published by Routledge. This book was released on 2013-10-01 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: Large-scale privatization did not emerge spontaneously in China in the late 1990s. Rather, the Chinese state led and carefully “planned” ownership transformation with timetables and measurable privatization quotas, not for the purpose of extracting the state from the economy, but in order to strengthen the rule of the Party. While it is widely believed that authoritarian regimes are better suited than democracies to carry out economic reform, this book provides a more nuanced understanding of reform in China, demonstrating that the Chinese state’s capacity to impose unpopular reform is contingent on its control over local state agents and its adaptability to societal demands. Building on rich fieldwork data gathered in three Chinese cities (Shenyang, Shanghai, and Xiamen), this book offers the first comparative study of China’s privatization processes at the local level. Instead of focusing solely on political elites, Jin Zeng adopts a multi-level interaction approach to examine how the complex interplay of the central leadership, grassroots officials, and state-owned enterprise managers and workers shaped the contour of privatization in China.The book advances three central arguments. First, local economic structure and cadre evaluation system mediated local officials’ incentives to initiate privatization. Second, local officials relied on mobilization campaigns and various appeasement measures to implement privatization. Finally, the dynamics of privatization were fundamentally driven by the central government’s reactions to social opposition and by the subsequent responses of local officials to the changed political-regulatory environment. As a detailed analysis of the dual transformation of the property regime and state–society relations in China, this book will be invaluable to students and scholars of Chinese politics, economic reform, as well as those interested in comparative political economy and economic development more broadly.
Download or read book China written by Ross Garnaut and published by . This book was released on 2012 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nine papers by various authors discussing aspects of economic reform in China over a 20 year period.
Book Synopsis China's Crisis of Success by : William H. Overholt
Download or read book China's Crisis of Success written by William H. Overholt and published by Cambridge University Press. This book was released on 2018-01-11 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's Crisis of Success provides new perspectives on China's rise to superpower status, showing that China has reached a threshold where success has eliminated the conditions that enabled miraculous growth. Continued success requires re-invention of its economy and politics. The old economic strategy based on exports and infrastructure now piles up debt without producing sustainable economic growth, and Chinese society now resists the disruptive change that enabled earlier reforms. While China's leadership has produced a strategy for successful economic transition, it is struggling to manage the politics of implementing that strategy. After analysing the economics of growth, William H. Overholt explores critical social issues of the transition, notably inequality, corruption, environmental degradation, and globalisation. He argues that Xi Jinping is pursuing the riskiest political strategy of any important national leader. Alternative outcomes include continued impressive growth and political stability, Japanese-style stagnation, and a major political-economic crisis.
Book Synopsis China Today by : Leila Fernández-Stembridge
Download or read book China Today written by Leila Fernández-Stembridge and published by Routledge. This book was released on 2004-02-24 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: First Published in 2004. China is increasingly influenced by international affairs, especially since its entry into the World Trade Organization in December 2002. Despite this, domestic reforms remain a priority, and as China adapts its economic structure to these ongoing domestic reforms, there are significant social and political consequences. These issues are thoroughly analysed in this volume, which includes chapters by both Eastern and Western specialists, thereby providing an interdisciplinary vision of contemporary China. Particular attention is devoted to questions such as the social compact in urban China, emerging social conflicts, nation building dynamics, and the redefinition of collective identities amidst the current dialectics between control and cohesion. The enduring theme of the book is the complexity of current developments in today’s China.
Book Synopsis Zhu Rongji Meets the Press by : Rongji Zhu
Download or read book Zhu Rongji Meets the Press written by Rongji Zhu and published by OUP China. This book was released on 2011-04-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Zhu's critical role in moving China forward - are amply evident in this collection of the Premier's talks and interviews with foreign journalists. Originally published in Chinese in 2009, it was the first book to give such a wide-ranging, front-row view of Zhu at work in conducting and explaining China's foreign and economic policies during his time as Vice Premier of China (1993 to1998) and then Premier (1998 to 2003). It also offers readers a glimpse of Zhu's forthright character, his feistiness and sense of humor.
