China: Macroeconomic Stability and Industrial Growth under Decentralized Socialism

摘要

China achieved respectable growth rates in the pre-reform era but the economic gains came at a very high cost in terms of investment and labor input. The principal goal of the reform is to improve on past growth performance and to do so largely through an increase in efficiency. The country study covers the following major topics: Macroeconomic overview; Inflation and its control through monetary and incomes policies; Fiscal structures and policy; Investment behavior and domestic resource availability; Industry, agriculture and longer-term reform; Structure of industry; Chinese State enterprises and their economic environment; Regional industrialization and market integration; Aspects of industrial policy; and A chronology of economic reforms, 1979-88.