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Recent Developments in the Chinese Economy (Hardcover, Illustrated Ed)
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Recent Developments in the Chinese Economy (Hardcover, Illustrated Ed)
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China, following its radical economic reform has developed rapidly
in recent decades with nearly double digit annual economic growth
rates. China has experienced a major transformation in its
transition from centrally planned economy to a developed and
relatively well functioning market economy. This has been
facilitated through a vision, strategy, planning, management and
skilful implementation of such comprehensive reform program. The
planning and implementation of the policy of reforming the economy
has affected every aspect of life in China. It has implied
organisational reforms and changes in production technology. The
changes have required enormous amount of resources in various forms
particularly in the energy sector, education and different public
and private infrastructures. This book provides an up-to-date and
in depth analysis of five factors crucial to the success of the
policy and current state of the economy. These include: economic
growth, bilateral trade relations, science and technology, flow of
foreign direct investment and income inequality. They all together
provide a comprehensive picture of the recent developments in the
Chinese economy and its path of reform. The development has been a
great source of admiration around the world.
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