China's dramatic economic transformation can only be understood in
relation to her modern history. David Pyle reviews the post-1978
reform process in the context of two centuries of Chinese economic,
social and political history. Agricultural, industrial and
financial reforms and the attraction of foreign trade and direct
investment are analysed in detail. The conclusion compares China's
gradualist approach with the 'big bang' of Eastern Europe and the
former Soviet Union, examining China's prospects and the lessons to
be learnt elswhere.
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