Eve of Socialist Market Economy: The 2nd-Phase Reform
By far, the 10-year evolutionary reform has enabled China to experience the power of the “invisible hand” in the marketization of a planned economy which consisted of diverse interest groups, both individuals and institutions.
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China’s Economy: Towards 2049
China’s Economy: Towards 2049
Chenyi Yu
China’s Economy: Towards 2049
123
Chenyi Yu Foreign Languages College Zhejiang Wanli University Ningbo, Zhejiang, China
ISBN 978-981-15-9226-3 ISBN 978-981-15-9227-0 https://doi.org/10.1007/978-981-15-9227-0
(eBook)
Jointly published with Xiamen University Press The print edition is not for sale in China Mainland. Customers from China Mainland please order the print book from: Xiamen University Press. © Xiamen University Press 2020 This work is subject to copyright. All rights are reserved by the Publishers, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publishers, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publishers nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publishers remain neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore
Foreword
While studying the history of the world, we would often feel amazed at the various miracles accomplished by mankind. To a large extent, it is these miracles that have accelerated the progress of civilization. In the global economic arena, although the emergence of China as an important player is believed by many of its counterparts a miracle, by taking a step back in the time tunnel, it can be noticed that this is not a pure emergence; rather, it is a re-emergence because until the late nineteenth century, despite the irreversible decline under the Qing Dynasty’s reign, China’s total GDP still surpassed most countries by a considerable margin. Although it is true that there is nothing new under the sun, the world today is full of much more opportunities and challenges, through which China has managed to realize an unprecedented pace of growth. Over the past decades, the robust momentum of development has not only enabled its people to reap tremendous benefits, such as a materially better quality of life, exposure to fresh ways of thinking, and enhanced freedom of choice, it has also contributed to th
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