China's rapid and complex political and socioeconomic changes provide fertile ground for pioneering analysis, but they also present daunting theoretical and practical challenges. This reader takes up the challenge, offering the most comprehensive assessment of Chinese domestic politics available by bringing together the best recent scholarship in the field. The anthology focuses on the origin, content, and significance of the post-1989 phase of China's reform and opening to the world, commonly known in the PRC as "deep reform." This period has been unfolding in interaction with globalization, marketization, privatization, political institutionalization, as well as with financial and legal changes. Deep reform includes new policy initiatives that have penetrated political, legal, economic, and social sectors untouched by previous initiatives as reformers have been forced to deal with the consequences--intended and unintended--of earlier reforms. These carefully selected essays by leading scholars have been revised and updated for this text. In addition, a substantive introduction and conclusion place the articles in their broader context for readers new to the subject. With the successful transition of the leadership of the party, state, and military since 2002, the time is ripe for a comprehensive evaluation of China's deep reform as it enters a new stage. This timely reader will offer students, scholars, and policymakers invaluable insights into the dynamics of change in one of the world's emerging political and economic dynamos. Contributions by: Marc Blecher, Bruce J. Dickson, Lowell Dittmer, Joseph Fewsmith, Ting Gong, Baogang Guo, William Hurst, Cheng Li, Guoli Liu, Andrew J. Nathan, Kevin J. O'Brien, Veronica Pearson, Randall Peerenboom, Yingyi Qian, Tony Saich, Tianjian Shi, Edward S. Steinfeld, Shaoguang Wang, Lynn White, Yu-Shan Wu, and Guobin Yang

A planned economy system was set up in China in 1949, & its reform was launched in 1979. The reform has gone on for 20 years & has achieved globally recognized success. This book summarizes the successful experiences & points out the difficulties of the deep reform & the prospects for the 21st century. Rich in historical data & material, it provides valuable information for readers from universities, institutions & enterprises as well as government officials - whoever is interested in China & its economic reform. The author, a famous Chinese economist, has been involved in the leadership of the Chinese economic system's reform since its launch in 1979. In 1998 he was invited by the World Bank to give a series of seminars on China's economic reform, & most of the contents of those seminars are included in this book. Contents: Basic Achievements of Economic Reform; Basic Experiences of Economic Reform; Adjustment of China's Ownership Structure; Enterprises Reforms & Capital Market Development; The Labor Force Market; Institutional Reforms of China's Government; How to Dissolve the Negative Influence of Asian Financial Crisis on China.

This in-depth volume explains China's residential construction boom and reviews how some established trends are likely to challenge its housing market in coming years. It draws on household surveys and public data in China and provides important lessons about housing policy for China and other countries.

The Chinese economy has entered a new phase of development in which sources of growth are not so much dependent upon pure increases in labour, investment and credit expansion, but from productivity improvement, structural changes, technological progress and the benefits from improvement of the social security and welfare improvement. When market functions are fully established to become a main channel for allocating resources, the entrepreneurship will flourish engaging in more innovative activities, workers will move more freely and have more incentives to improve their skills, firms will become more productive through market entry and exit, the economic structure will become more balanced because of the improved resource allocation, and in the end, growth will become more spontaneous and sustainable. In this sense, reforms could deliver ‘dividend’ by raising China’s potential economic growth rates. For China to confront all the challenges it faces at present, the reforms undertaken now have to be deep, comprehensive and far-reaching in order to succeed in paving the way for China to complete the task of transformation in the long-term. There is no better alternative than deepening the market-oriented reform in advancing the course of China’s modernisation for future development and prosperity and lifting China to the status of a developed economy in the next two decades. The recent China update books have covered the topic of reform from different angles and this new book is another attempt to address this important issue.

How has China been able to maintain high-speed economic growth during the last thirty-plus years and successfully transform itself from a poor, backward, and developing country to become the world's second-largest economy? What are the challenges that China faces today and how will she deal with them in order to continue moving toward a truly prosperous and modern society? Standing at a crossroads today, what future direction should China choose: a free market economy or state capitalism? In a series of penetrating dialogues, Wu Jinglian, China's most celebrated and influential economist, and Ma Guochuan, chief commentator of Caijing Magazine, attempt to address the following question: "Where is China going?" This volume offers critical insights into the historical evolution of China's ongoing economic and social transformation. Strongly reflecting Professor Wu's views on the future prospects of the economic reforms, the book provides readers with a deep and lucid understanding of the social and economic issues now confronting China, analyzes their underlying causes, and examines the serious challenges to implementing further reforms. Professor Wu argues that the only way to escape the various social ills in China today is to restart the economic and political reforms, which began thirty years ago but have slowed down during the recent decade, and to move China in the direction of a market economy, the rule of law, and democracy.

This book focuses on the key issues around Chinese reform in the past 40 years, including economic structure upgrading, finance reform, enterprise ecology, village modernization, ecological development, income structure, global governance, BRI, and governance model. It collects the most important concerns and reveals the deep logic behind the reform. By reading this book, it helps readers to grasp the engine of China’s continuous growth toward modernization in the four decades.

Since China launched its economic reform program in 1978, it has enjoyed an unparalleled period of economic success, which has generated interest around the world. The reforms that China has introduced have been well-documented in many studies and books. This paper provides an assessment of China's reform experience to date, since it was launched in 1978. This is done less from the perspective of a description of the steps that were taken in reform over this period, but rather it attempts to analyze the nature of this experience, and its impact. It therefore looks at the distinct features of this experience, and provides a quantitative assessment of the impact of reform on output, productivity, external trade and investment, and the role of the state in the economy. Based on this assessment of the past achievements, it then goes on to examine the main areas where deeper reforms will be necessary if the Chinese approach is to prove sustainable over time. The paper concludes by attempting to draw some broad preliminary conclusions from the Chinese reform experience, which may be of wider applicabiblity.