Capitalism with Chinese Characteristics

Entrepreneurship and the State

by Yasheng Huang

Subject categories
ISBNs
  • 9780521898102
  • 9780511427008
  • 9781107714205
Presents a story of two Chinas – an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society. A weak financial sector, income disparity, rising illiteracy, productivity slowdowns, and reduced personal income growth are the product of the capitalism with Chinese characteristics of the 1990s and beyond. While GDP grew quickly in both decades, the welfare implications of growth differed substantially. The book uses the emerging Indian miracle to debunk the widespread notion that democracy is automatically anti-growth. As the country marked its 30th anniversary of reforms in 2008, China faces some of its toughest economic challenges and substantial vulnerabilities that require fundamental institutional reforms.
  • Cambridge University Press; September 2008
  • ISBN: 9780511427008
  • Read online, or download in secure PDF or secure ePub format
  • Title: Capitalism with Chinese Characteristics
  • Author: Yasheng Huang
  • Imprint: Cambridge University Press
Subject categories
ISBNs
  • 9780521898102
  • 9780511427008
  • 9781107714205

In The Press

'The development of the Chinese private sector is a key to the future shape and performance of the Chinese economy. At present, the subject is widely misunderstood. This book does more than any other to clarify the issues and point the way forward.' Christopher Howe, School of East Asian Studies, University of Sheffield

Subject categories
ISBNs
  • 9780521898102
  • 9780511427008
  • 9781107714205