40 Years of Reform and Opening-up: China's Model and Experience

This book provides valuable insights into China's economic development since implementing the reform and opening-up strategy, covering various aspects such as economic restructuring, market economy, inflation, urban housing system, WTO entry, and future potential growth. It is a resource for economists and Chinese scholars.

Format: Hardback
Length: 152 pages
Publication date: 16 December 2022
Publisher: Springer Verlag, Singapore

This comprehensive book delves into a thorough examination of China's economic development since implementing the reform and opening-up strategy. It encompasses a wide range of topics, including but not limited to China's economic restructuring, economic operational mechanism, socialist market economy, inflation, reform of the urban housing system, economic impact of WTO entry, future potential growth rate, global economic governance, structural fiscal and taxation reforms, the rapid growth of China's financial industry, and many more. Through these in-depth studies, the book seeks to unravel China's successful experience of economic growth in the past and provide valuable insights into its economic development prospects in the future. It is a valuable resource for economists and Chinese scholars alike, offering valuable perspectives and knowledge on China's economic journey.

China's Economic Development Since the Reform and Opening-Up Strategy

China has undergone significant economic transformations since implementing the reform and opening-up strategy in the late 1970s. This transformative journey has been marked by economic restructuring, the establishment of a socialist market economy, and the integration into the global economy.

One of the key aspects of China's economic development has been its economic restructuring. The country has shifted from a planned economy to a market-oriented economy, allowing for greater private sector participation and economic growth. This restructuring has involved the privatization of state-owned enterprises, the promotion of entrepreneurship, and the expansion of foreign investment.

The establishment of a socialist market economy has been another critical component of China's economic growth. This economic system combines elements of capitalism and socialism, with the government playing a significant role in regulating the economy and providing social welfare benefits. The market-oriented reforms have led to the development of a vibrant private sector, with a wide range of industries and businesses thriving.

In addition to economic restructuring, China has also focused on improving its economic operational mechanism. The country has implemented a series of policies to promote efficiency, innovation, and competition in the market. These policies include the establishment of free trade zones, the promotion of research and development, and the development of infrastructure.

China's economic growth has also been significantly influenced by its integration into the global economy. The country has become a major player in the global trade, with its exports playing a crucial role in driving economic growth. China has also signed numerous trade agreements with other countries, which have facilitated the flow of goods and services and promoted economic cooperation.

However, China's economic development has not been without its challenges. The country has faced issues such as income inequality, environmental pollution, and debt sustainability. To address these challenges, China has implemented a series of policies aimed at promoting social welfare, reducing income inequality, and addressing environmental issues.

Looking ahead, China has a bright future for economic development. The country has a large population, a vast landmass, and a strong workforce. China is also investing heavily in infrastructure, technology, and innovation, which will further drive economic growth and improve the quality of life for its citizens.

In conclusion, China's economic development since the reform and opening-up strategy has been remarkable. The country has undergone significant economic restructuring, established a socialist market economy, and integrated into the global economy. While China has faced challenges, it has also demonstrated resilience and adaptability, and has a bright future for economic growth.

Weight: 418g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811662133
Edition number: 1st ed. 2022