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China"s conversion to a market economy

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Published by Institute of Developing Economies in Tokyo .
Written in English

Subjects:

Places:

  • China,
  • China.

Subjects:

  • Capitalism -- China.,
  • Mixed economy -- China.,
  • China -- Economic conditions -- 1976-2000.,
  • China -- Economic policy -- 1976-2000.

Book details:

Edition Notes

Includes bibliographical references (p. [141]-147) and index.

Statementby Kyōichi Ishihara.
SeriesI.D.E. occasional papers series ;, no. 28
ContributionsAjia Keizai Kenkyūjo (Japan)
Classifications
LC ClassificationsHC427.92 .I84 1993
The Physical Object
Paginationviii, 151 p. ;
Number of Pages151
ID Numbers
Open LibraryOL573983M
ISBN 104258520284
LC Control Number96160904
OCLC/WorldCa28372591

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  However, this newfound enthusiasm for other countries’ economic models did not lead to an instant conversion to capitalism, nor did China immediately ditch its planned economy Author: Rainer Zitelmann. a planned economy to a market economy. The Soviet Union and Eastern Eu-rope started reforms in the s, and China turned to an economic reform policy between the end of the s. Accelerated inflation and income gaps. Exploring China's transition to a socialist market economy, this book finds that the recent Chinese experience is unique and unprecedented. It seems plausible that the distinctive characteristics of China's market reform have been a result of correcting the big bang approach of Eastern European countries and unique conditions that China possesses. Against conventional wisdom, we take the end of as the start of post‐ Mao reform and argue that China basically became a market economy by the end of the 90s before it joined the World.

The biggest misperception about China is that it’s a dynamic market economy – it isn’t. It’s a fast-growing, state-dominated economy with some dynamic, private-market aspects. If you look at investment, a main driver of growth, much of it is going to state-owned enterprises (SOEs) or shareholding companies dominated by state entities.   From agrarian economy to global superpower in half a century—China’s transformation has been an economic success story unlike any other. Today, China is the world’s second largest economy, making up 16% of $86 trillion global GDP in nominal terms. If you adjust numbers for purchasing power parity (PPP), the Chinese economy has already. Beginning in the early s economic planning was introduced in China that was modeled after the planning system of the Soviet Union. The first Five-Year Plan was initiated in It was in that China started to abandon the planning system gradually and return to a more market-oriented economy.   I. n , the value of China’s retail book market reached billion yuan (US$ billion), according to Beijing’s OpenBook research. That revenue is based on units sold at list price and may not reflect discounted sales. In that light, saw an increase in the overall book market’s value of percent over that of

  China’s state capitalist economy poses a challenge to EU openness to foreign investment. In response, the European Commission 17 June published a White Paper on “levelling the playing field with regard to state aid”, contemplating sensible and balanced policies to protect the integrity of the European single market from subsidised foreign. China's economy has grown every year since It survived the recent trade war with the United States, the global financial crisis and the crackdown on protesters in Tiananmen Square.   Historically, the Lower Yangzi Delta (or Jiangnan), has played a key role in China’s economic , as the prime example of a traditional Chinese market economy, the region serves as the core case study when making comparisons between the Chinese and Western economies in the early modern period.   China Beige Book's data showed that the proportion of loans from non-bank lenders have increased to nearly 40% in the fourth quarter of , compared to 29% in the same period in