China's stunning growth rates have corresponded with the rise of 'state capitalism'. Since the mid-2000s, China's political economy has stabilized around a model where most sectors are marketized and increasingly integrated with the global economy; yet strategic industries remain firmly in the grasp of an elite empire of state-owned enterprises. What are the implications of state capitalism for industrial competitiveness, corporate governance, government-business relations, and domestic welfare? How does China's model of state capitalism compare with other examples of state-directed development in late industrializing countries? As China enters a phase of more modest growth, it is especially timely to understand how its institutions have adapted to new challenges and party-state priorities. In this volume, leading scholars of China's economy, politics, history, and society explore these compelling issues.

This book is a comprehensive study of China's economic reforms, from their beginnings at the end of 1978 through the completion of many of the initial reform measures during 1993. It focuses on industry and macroeconomic policy, using these to describe reform strategy in its entirety. In addition to being a thorough and reliable guide to the specifics of Chinese economic reform, the book highlights the distinctive features of Chinese reforms that differentiate them from those in Eastern Europe and the former Soviet Union.

The post-Mao urban reforms of the past decade have physically and psychologically transformed China's cities. Urban Spaces in Contemporary China explores how the character of city life changed after political-economic restructuring intensified in 1984, and how this change affected the creation of new physical, economic and cultural space in urban China. Drawing on a wide range of backgrounds, including economics, art history, law, and sociology, the authors bring personal insights to dimensions of urban Chinese life that are often misunderstood: China's large "floating populations," avant-garde art, labor movements, and leisure.

The post-Mao urban reforms of the last decade have physically and psychologically transformed China's cities. These essays explore how the character of city life shifted after the political-economic restructuring intensified in 1984, and how this shift affected the creation of new physical, economic and cultural space in urban China. The authors draw on a wide range of backgrounds, including anthropology, comparative literature, economics, art history, law, political science and sociology, as well as their own experiences of living and working in Chinese cities to provide insight into lesser known dimensions of urban Chinese life: China's large 'floating populations', avant-garde art, labor movements, and leisure.

Growing Out of the Plan is a comprehensive study of China's economic reforms, from their beginnings at the end of 1978 through the completion of many of the initial reform measures during 1993. The book focuses on industry and macroeconomic policy, using these to describe reform strategy in its entirety. In addition to being a thorough and reliable guide to the specifics of Chinese economic reform, the book highlights the distinctive features of Chinese reforms that differentiate them from those in Eastern Europe and the former Soviet Union. The author argues that the success of the reforms is not the result of carefully plotted strategy, although in hindsight the reforms seem to have added up to a coherent package. Perhaps most important in its connotations for other changing economies, the Chinese experience shows that gradual change of a command economy is feasible.

China: Adapting the Past, Confronting the Future combines original essays by leading experts with excerpts from primary sources, the latest scholarship, Chinese literature, and Western media reports to provide a comprehensive textbook on contemporary China. Completely updated, China: Adapting the Past, Confronting the Future is the latest in a series of classroom units on China from the Center of Chinese Studies at The University of Michigan. It is not only ideal for courses on contemporary China but also an excellent supplement for courses in area studies, international affairs and economics, and women's studies. Each section, in addition to essay and excerpts, also includes a bibliography of additional topical works as well as suggestions for complementary video and internet teaching resources.

As the British relinquish control of Hong Kong, the economic relationship among the People's Republic of China (PRC), Taiwan, and Hong Kong becomes especially significant. Despite political and diplomatic tensions, this relationship has grown phenomenally in recent years and continues to prosper. Known as the " China Circle, " it is an important emerging economic region that cuts across political boundaries. This book is the first comprehensive study of the underlying economic dynamics that make the China Circle not only possible, but hugely successful. Yun-wing Sung, Barry Naughton, and Kong Yam Tan analyze the macroeconomic issues in each of the political entities that make up the China Circle. Michael Borrus, Chin Chung, Jean Franois Huchet, and Dieter Ernst focus one of the region's leading industries, electronics. With rapid changes in technology, firm strategy, and global markets driving its continuous restructuring, the electronics industry offers a detailed view of the factors that are shaping the region as a whole. To provide a complete economic picture of the China Circle today--and possible future developments--the contributors explore key issues including emerging divisions of labor, developing trade and investment patterns, and the effect of Hong Kong's return to China in July 1997. Written in an open and accessible style, the book is especially timely and more in-depth than anything currently available.