Table of Contents
Acknowledgments vii
1 Introduction: The Chinese Economy in Context 1
1 Legacies and Setting 21
2 The Geographic Setting 23
3 The Chinese Economy Before 1949 43
4 The Socialist Era, 1949-1978: Big Push Industrialization and Policy Instability 65
5 Market Transition: Strategy and Process 95
6 The Urban-Rural Divide and Chinese-style Urbanization 127
II Patterns of Growth and Development 153
7 Growth and Structural Change 155
8 Population: Demographic Transition, the Demographic Dividend, and the One-Child Policy 185
9 Labor and Human Capital 209
10 Living Standards: Income, Inequality, and Poverty 237
III The Rural Economy 257
11 Rural Organization 259
12 Agriculture: Technology, Production, and Policy 279
13 Rural Industrialization: From Township and Village Enterprises to Taobao Villages 307
IV The Urban Economy 331
14 Industry: Ownership and Corporate Governance 333
15 Technology and Industrial Policy 363
V China and the World Economy 395
16 International Trade 397
17 Foreign Investment and the Capital Account 423
VI Macroeconomics and Finance 451
18 Macroeconomic Policy: Instruments and Outcomes 453
19 The Financial System 479
20 The Fiscal System 513
VII Conclusion: China's Future 541
21 Environmental Quality and the Sustain ability of Growth 543
Index 571