ChinaÃ¢â‚¬â„¢s economic reform : Success, problems and challenges
The rise of China is a major episode in world economic history. From the late 1970s, China pursued market-oriented reforms and open policy. During the past two decades, China experienced extraordinary growth. Since 1978, GDP growth rates have averaged 10 per cent a year, and 10.7 per cent in the 1990s, rivaling the record achieved by Japan and the Four Tigers (South Korea, Singapore and Hong Kong and Taiwan province of China) in their fast growing period. In a short span of time, China has experienced three historic transformations simultaneously. First, China is undergoing economic transition from a planned economy to a market economy. Second, China is undergoing economic development from a traditional agricultural economy to an industrialised economy. Third, China is changing from autarky to an important player in the arena of world economy and politics. Chinas experience provides an ideal laboratory for economic research. The study of the Chinese economy can not only shed light on the causes and process of this massive growth surge, but also enrich our understanding of policy reform and institutional changes.
|Date of creation:||Jan 2007|
|Date of revision:|
|Contact details of provider:|| Postal: JG Crawford Building #13, Asia Pacific School of Economics and Government, Australian National University, ACT 0200|
Web page: http://www.eaber.org
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gregory C. Chow, 1993. "Capital Formation and Economic Growth in China," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 809-842.
- Garnaut, Ross & Huang, Yiping (ed.), 2001. "Growth without Miracles: Readings on the Chinese Economy in the Era of Reform," OUP Catalogue, Oxford University Press, number 9780199240593, June.
When requesting a correction, please mention this item's handle: RePEc:eab:macroe:22835. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Shiro Armstrong)
If references are entirely missing, you can add them using this form.