The China Path to Economic Transition and Development
This book by the renowned Chinese scholar Dr. Yinxing Hong provides the reader with a perceptive analysis of what has worked in China’s development model. Over the past 30 years, China has experienced a remarkable economic rise, but it now faces the chall
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The China Path to Economic Transition and Development Translated by Xiao-huang Yin
The China Path to Economic Transition and Development
Yinxing Hong
The China Path to Economic Transition and Development
123
Yinxing Hong Nanjing University Nanjing China Translated by Xiao-huang Yin
ISBN 978-981-287-842-7 DOI 10.1007/978-981-287-843-4
ISBN 978-981-287-843-4
(eBook)
Library of Congress Control Number: 2015958327 © Springer Science+Business Media Singapore 2016 This work is subject to copyright. All rights are reserved by the Publisher, 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 publisher, 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 publisher 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. Printed on acid-free paper This Springer imprint is published by SpringerNature The registered company is Springer Science+Business Media Singapore Pte Ltd.
Preface (Author)
The publication of this anthology by Springer Business, Economics & Statistics, Inc. grants me an opportunity to share my thoughts on the significance of China’s path to economic reform and development. China’s rise as a global economic giant is due not only to the overall size of its economy, but more importantly, to the specific characteristics of Chinese thinking in the field of economics as it relates to the nation’s reform and development. The writing in this anthology clarifies the guiding thought behind China’s economic transformation and provides a key for interested scholars to better understand the economic theories at the base of China’s accomplishments. When the People’s Republic of China was founded in 1949, the country was a semi-feudal, semi-colonized, and impoverished nation. In 1978, at the end of the Cultural Revolution, China’s economy still lagged far behind that of the developed world. In contrast, by 2010 with 30 years of reform and opening to the outside world, China emerged as the world's second-largest economy, the biggest global exporter, and possessed the largest foreign-exchange reserves. The Chinese people created both economic and technological miracles with the successful launch of the spacecraft Shenzhou VII and the deep-sea submersible Jiaolong. The living standar
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