Understanding China's Economy: The Turning Point and Transformational Path of a Big Country

This book analyzes China's reform and opening up from 1978 to 2011, avoiding the middle-income trap and becoming a global economic miracle. It discusses how to achieve middle-to-high speed growth in the L model, release a new dividend of urbanization, and improve total factor productivity to find a new way for the Chinese economy. It is an important resource for understanding Chinese economy in today's complex economic situation.

Format: Paperback / softback
Length: 278 pages
Publication date: 25 March 2022
Publisher: Springer Verlag, Singapore

This comprehensive book delves into a thorough analysis of China's reform and opening up from 1978 to 2011, exploring the strategies employed by the country to avoid falling into the middle-income trap. The author conducts a deep exploration of the Chinese economy's remarkable transformation into a global economic powerhouse, shedding light on its development stages and the misconceptions about its existence. The book is divided into three key aspects: breaking the "impossible triangle," achieving middle-to-high speed growth in the L model, and releasing a new dividend of urbanization.

After China's economy reached the Lewis turning point, it faced the challenges of labor transformation and the diminishing demographic dividend. The author recognizes the shift and proposes that a new round of growth should be achieved by enhancing total factor productivity to find a fresh path for the Chinese economy. This book serves as a valuable resource for comprehending China's economy in the current complex economic landscape. It offers readers a multifaceted understanding of the country's economy, covering topics such as the "impossible triangle," the L model growth, the Malthus trap, the dual economy, the aging problem, the demographic dividend, the reform dividend, the trap of middle income, globalization, and more.

The author, an economist, aims to present professional knowledge in a concise and accessible manner, making it suitable for a broad audience. The book not only provides information but also fosters discernment and foresight, enabling readers to make informed decisions about the future.

Weight: 444g
Dimension: 235 x 155 (mm)
ISBN-13: 9789813363243
Edition number: 1st ed. 2021