Summary
Contents
Subject index
A new China was born in 1949. After thousands of years of feudalism, in six decades the economy has undergone a change from Mao (read socialist economy) to market (socialist market economy). Old China's New Economy: The Conquest of a Billion Paupers, presents a comprehensive analysis of the rise and growth of the Chinese economy since the beginning of the country's transition to a socialist market economy, highlighting the critical role of two major change agents – the government and the people. While the credit goes to the former for successful transition to a high growth economy, there is an equally important role played by the latter, the Chinese people, as displayed in their hard work, tenacity and struggle for a better standard of living.
The book analyses the key drivers of high growth, delves into the much debated and discussed issue of sustainability and the numerous challenges that high growth has thrown up for the people and the government. The book also argues that China is likely to see its high growth continuing for many years to come, as it has already secured a strategic position in the global economy.
Preparing for a Socialist Market Economy
Preparing for a Socialist Market Economy
Towards the end of 1980s, leadership in the CCP was grossly preoccupied. The preoccupation involved management of the decade-old economic transition, as well as the internal re-organisation of the party. The latter was intended to make the party more relevant for the ongoing economic transition, and enable it to provide the necessary political supports. What had begun was an exercise in political reform. Acceleration of the pace of economic reform was not possible without a favourable political environment, that was lacking at that time, especially in the aftermath of the Tienanmen Square incident. More importantly, faster reform was considered necessary for the faster well-being of the people and balanced development of the economy, as ...
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