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The Logic of Economic Reform in China

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  • 220 Seiten
  • 8 Lesestunden

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This book offers a historical overview of Chinese economic reform over the past 30 years, detailing its evolution from inception to the current critical stage. It presents research on the reform process and key areas of change since the Third Plenary Session of the 18th CPC Central Committee. The author outlines six logics of Chinese economic reform. First, reform is cyclical, alternating between rapid progress and stagnation, prompting a reevaluation of common perceptions. Second, reform is systematic and requires complementary changes in other areas for success. Third, the interplay between reform, development, and stability must be managed carefully, differing from Western theories that prioritize efficiency. Fourth, the success of Chinese reform is not coincidental; it is rooted in theoretical logic and transcends the debate between progressive and radical approaches. Fifth, Top-level Design should integrate practical reform efforts, likened to "crossing the river by feeling the stones." Lastly, ongoing reforms must be viewed within the frameworks of global competition and reform competition. This comprehensive analysis sheds light on the complexities and nuances of China's economic transformation.

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The Logic of Economic Reform in China, Xiaojing Zhang

Sprache
Erscheinungsdatum
2016
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