This book examines key issues in each of the major sectors of the Chinese economy. It uses a wide range of primary research materials and subjects them to rigorous analysis. It illuminates the way in which China's 'step-by-step' reform affected different parts of the economy. It identifies many difficulties resulting from this approach. It also enables readers to understand why this broad strategy of reforming a communist planned economy was so successful in the Chinese case.

Inhalt
Preface - Notes on the Contributors - Introduction; P.Nolan - China's Economic System: A Brief Description, with Further Suggestions for Reform; A.Wood - Problems of Monetary Control in China: Targets, Behaviour, and Mechanism; G.Huang - The Political Economy of Investment Control in Post-1978 China; I.Kim - Commune, Responsibility System, and China's Agriculture; M.Liu - State-owned Enterprise Reform in China: Incentives and Environment; Q.Fan - Effects of Financial Decentralisation on Industrial Growth in China (1952-88); L.Jin - The Stock Market and Industrial Performance: Lessons from the West for Stock Market Development in China; D.He - Rationing and Consumer Demand in China: Simulating the Effects of Reform of the Urban Food Pricing System; S.Pudney & W.Limin - Regional Variations in Living Standards in Urban China; S.Howes & P.Lanjouw - Death Rates Life Expectancy and China's Economic Reforms: A Critique of A.K.Sen; P.Nolan & J.Sender - Index