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This book provides a comprehensive overview on Chinese economy in the last three decades and an insightful view on the future reform in China. The China's miracle is used to describe its rapid economic growth in the last thirty years. The author aims to demystify the miracle by analyzing the past and present of economic transitions and showcases the blueprint for future economic reforms, from the perspectives of institutional transformation, urbanization and changes in the labor markets.
The book contains hottest topics on Chinese economy, such as land market reform, new-type urbanization and financial reform. It investigates both the long-run growth and short-run fluctuations. The factor markets, including labor market, capital market and land market, are analyzed as key determinants to long-run growth and consumption, while investment and net export are investigated as elements to short-run fluctuations.
List of contents
China's Economic Growth under Globalization; Potential Economic Growth of China in Transition; Trade in Value Added: Evidence from China; Consumption Issue in the Long-term Growth and Short-term Fluctuations; Political Economy of Chinese Reform; Whither Federalism, Chinese Style; Financial Reform: Opportunity and Challenge to China's Future Growth; China's Urbanization: Past, Present, and Future; China's Real Estate Market Development; Fiscal System and Local Government Behavior; Demographic Factors in Chinese Economy; Labor Market in China; Social Justice and Intergenerational Income Mobility; Further Development of Urbanization and Policy Research on Rural Migrant Workers Granted Urban Citizenship.
