Economic Development Strategy of China

Li Mingxing

282 pages, 9.5x6.75 inches
May 2004 Softcover
ISBN 1-58949-042-8
US$46

 

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This book presents China's economic development in three stages: The strategy of preferential development of heavy industry under the planned economic systems in 1949-1979; the strategy of balanced development under the policy of reform and opening-up in 1980-2000; and the strategy of new-style industrialization in the context of innovations in institution-building as well as science and technology in 2001-2020.


undergraduate and graduate students, teachers, researchers interested in Chinese Economics, Chinese government officials, and others.

 

Foreword

PART I: THE STRATEGY OF PREFERENTIAL DEVELOPMENT OF HEAVY INDUSTRY AND THE PLANNED ECONOMIC SYSTEM FROM 1949 TO 1979
CH.1 The Strategy of  Preferential Development of Heavy Industry
1.1 Background of the strategy: the world's cold war structure and a fragile economic foundation
1.2 Target of the strategy: overtake the UK and the US
1.3 Measures under the strategy: the planned economic system and the mechanism of preferential development of heavy industry

CH.2  Practical Benefits of the Strategy of Preferential Development of Heavy Industry
2.1 Macroeconomy: the establishment of a planned economic structure and the realization of rapid industrial growth
2.2 Structural characteristics: massive developments of state-owned heavy industries and a distortion in the aggregate structure
2.3 Growth factors: management elements split in development, heavy industrial investment

CH.3  Limitations of the Strategy of Preferential Development of Heavy Industry
3.1 Economic structural anomaly constrains growth
3.2 A waning accumulation mechanism subdues the impetus for expansion
3.3 Irrational resource allocation hinders economic efficiency

PART II: THE STRATEGY OF BALANCED DEVELOPMENT AND THE REFORM AND OPENING-UP, 1980-2000
CH.4  The strategy of Balanced Development
4.1 Background of the strategy: an environment for peaceful developments and "focusing on the central task of economic constructions"
4.2 Target of the strategy: modest level of prosperity
4.3 Measures under the strategy: the policy of reform and opening-up and the mechanism of coordinated development

CH.5  Practical Results of the Strategy of Balanced Development
5.1 Macroeconomy: preliminary establishment of the market system, dramatically enhancing overall economic competitiveness
5.2 Structural characteristics: aggregate structure works towards equilibrium while structural standards remain low
5.3 Growth factor: joint push by systems and factors, coordinated haul by domestic and external demands

CH.6  Limitations of Extensive Growth
6.1 Structural conflict hinders economic benefitss
6.2 System imperfection inhibits vitality for development
6.3 Extensive growth restrains quality of development

PART III: NEW-STYLE INDUSTRIALIZATION STRATEGY AND TWO INNOVATIONS FOR 2001-2020
CH.7  New-style Industrialization Strategy

7.1  Background of the strategy: new trend of the world economy and new challenges to China's economy
7.2 Target of the strategy: an all-round well-off society
7.3 Connotations of the strategy: triple integrated development and three organic combinations

CH.8  Measures under the New-Style Industrialization Strategy
8.1 Structural optimization and realization of integrated development
8.2 Perfecting mechanisms to fully enjoy the benefits of globalization
8.3 Innovative technology to propel intensive economic growth

CH.9  Prospects for China's Economy in the 21st Century
9.1 Macroeconomics: innovating the system, and comprehensively building a well-off society
9.2 Structural characteristics: structural optimization and accentuating the significance of the division of labor
9.3 Key growth factors: pushed by "two resources" and driven by "two markets"

Bibliography

 


 

Mingxing Li, a graduate of Jilin University, studied in Japan and United Kingdom from 1990 to 1995, for his MA and PhD degrees in Economics. He worked, as a deputy division chief and division chief, for the National Economic and Trade Commission of China. He is currently the Head of the Department of International Economy, the Economic Research Center of the State-owned Assets Supervision and Administration Commission of the State Council. He also works as a special researcher for Chinese Academy of Social Sciences, and he serves as a financial and economic observer for the national TV station, channel CCTV. In 2002, Dr Li was elected as a representative to the 16th National Congress of the CPC. As a principal investigator, Dr Li was involved in many key researches at the national level with topics such as "A Study of Deng Xiaoping Theory and the Transformation of China's Economic System", "A Study of Measures for China's Accession to the WTO", "An Outline of State Industrial Technology Policy" and .... The documents that Dr Li compiled include "A Study of the Development of Chinese Enterprises and Groups" and "The Operation Strategies of the World's Top 500 Enterprises in China".