Understanding and Interpreting Chinese Economic Reform

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The Chinese economic reform that started in 1978 has met with enormous success. Understanding and Interpreting Chinese Economic Reform (2e) attempts to provide a complete history of this reform and interpret it from the perspective of modern economics in the wider context of social justice and political reform.This book is divided into three major parts. Part I touches upon the background of the reform and the evolution of its strategy-administrative decentralization during 1958-1978, incremental reform during 1979-1993, and overall advance from 1994 to the present. Part II discusses the reform strategies and their implementation in major sectors of the the agricultural sector, the state-owned industrial sector, the private sector, the financial sector, government finance, and foreign trade and investment. Part III elaborates issues related to reform at the macroeconomic and social levels, including the social security system, macroeconomic policies, social relations, and government's functions.KEY FEATURES-Provides a complete history and in-depth analysis of Chinese economic reform that started in 1978.-Touches upon the background of the reform and the evolution of its strategy during the different periods.-Examines the reform strategies and their implementation in major sectors of the economy.-Elaborates issues related to reform at the macroeconomic and social levels.