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The Logic of Economic Reform in China (Hardcover, 1st ed. 2016)
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The Logic of Economic Reform in China (Hardcover, 1st ed. 2016)
Series: China Insights
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This book provides a historical overview of Chinese economic reform
over the past 30 years. From the genesis of the reform to the
gradual improvement of the market system, and then to the re-start
of the critical stage of the reform, this book includes not only
research on the reform process, but also detailed descriptions of
the key areas of reform since the Third Plenary Session of the 18th
CPC Central Committee. On this basis, the author develops six
logics for Chinese economic reform. Firstly, reform is cyclical,
moving between rapid advances and deadlock; this calls upon us to
re-examine the common view of reform. Secondly, reform is
systematic; it cannot succeed without supporting reforms in other
fields. Thirdly, the relationship between reform, development and
stability should be properly handled. This "trinity" is quite
different from the perspective of western mainstream theory, which
puts too much emphasis on efficiency. Fourthly, the success of
Chinese reform was not achieved by chance. The reform practice is
based on the theoretical logic, and also goes beyond the debate
between progressive and radical modes. Fifthly, the Top-level
Design should be combined with "crossing the river by moving from
stone to stone," i.e., the theoretical basis of reform should be
combined with reform practice. Sixthly and lastly, the ongoing
reform in China must be understood in the contexts of global
competition and reform competition.
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