Chinese Economic Development

<p>The book provides a meticulous analysis of economic development and concomitant problems in China since the late 1970s and advances suggestions on further economic modernisation and transition from both theoretical and practical angles.</p><p>Based on theories from development economics and solid empirical studies the authors two renowned Chinese economists provide a perceptive analysis of the Chinese development model in the post-Mao era. They shed light on questions that have perplexed many: How can China sustain the rapid growth of the past 40 years? Is there a unique China path to economic progress? They argue compellingly that China’s development model has to switch from a manufacturing-driven one to a brand-new approach centring on scientific and technical innovation and the integration of its existing economic structure into an increasingly complex global economy. Such transformation will help overcome the middle-income trap while addressing other institutional and economic challenges.</p><p>The book will appeal to students scholars and policymakers interested in the Chinese and global economies as well as transnational studies in the post-COVID-19 world. General readers willing to obtain a grasp of Chinese economic development from the insider’s perspective will also find it useful.</p>