This book explains why China’s opening-up policy can boost the
rapid growth of its economy. Based on concrete facts and economic
logic, it offers a brief introduction to the history of China’s
successful development, which has unprecedentedly helped improve
people’s lives and community welfare over the past 30 years. In
light of the newly emerging problems, the author assesses the
different stages of China’s economic development and new
challenges, illustrating how the country’s sustainable growth
could be achieved through further reforms so as to complete the
transition from a middle-income to high-income country. He moves on
to discuss the lessons learned from China’s experiences and
summarizes their significance for other developing countries, while
also clarifying popular misconceptions such as the “China
Menace” and “Theory of China’s Collapse.” Taking the logic
of economic development as a basis and employing economic norm
analysis methods, the book describes China’s economic miracle in
plain but vivid language and attempts to enrich the economic
development theory through China’s experience.
General
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