Chinese Economic Development: Theories, Practices and Trends (China Perspectives) - Hardcover

Hong, Yinxing; Sun, Ninghua

Hardcover

ISBN 10: 1032016256 ISBN 13: 9781032016252

Publisher: Routledge, 2021

Synopsis

The book provides a meticulous analysis of economic development and concomitant problems in China since the late 1970s and advances suggestions on further economic modernisation and transition from both theoretical and practical angles.

Based on theories from development economics and solid empirical studies, the authors, two renowned Chinese economists, provide a perceptive analysis of the Chinese development model in the post-Mao era. They shed light on questions that have perplexed many: How can China sustain the rapid growth of the past 40 years? Is there a unique "China path" to economic progress? They argue compellingly that China’s development model has to switch from a manufacturing-driven one to a brand-new approach, centring on scientific and technical innovation and the integration of its existing economic structure into an increasingly complex global economy. Such transformation will help overcome the "middle-income trap" while addressing other institutional and economic challenges.

The book will appeal to students, scholars and policymakers interested in the Chinese and global economies, as well as transnational studies in the post-COVID-19 world. General readers willing to obtain a grasp of Chinese economic development from the insider’s perspective will also find it useful.

About this title

About the Author

Yinxing Hong is Senior Professor in Humanities and Social Sciences at Nanjing University (China). He specialises in macroeconomic theory and policy.

Ninghua Sun is Professor of Economics at Nanjing University. He specialises in macroeconomics, as well as financial derivatives and financial risk management.

Edition details

• Publisher: Routledge
• Publication date: 2021
• Language: English
• ISBN 10: 1032016256
• ISBN 13: 9781032016252
• Binding: Hardcover
• Edition number: 1
• Number of pages: 286