New Paradigm for Interpreting the Chinese Economy

Theories, Challenges and Opportunities

Since the reform and opening up in 1978, the Chinese economy has grown rapidly. China has become the focus of the world due to its astonishing achievements in every aspect of its economical growth. The country's transformation process has witnessed unprecedented social and economic phenomena and the existing economic theories have not been able to explain this rapid growth. Therefore, there is a need to establish new theories. This book fills the gap by bringing forth new ideas and economic theories.The author, who is one of China's most prestigious economists, has a profound understanding of the country's social, economic and political structures. The book is a collection of his most representative works in the recent years. The chapters not only investigate problems and challenges faced by the Chinese economy, but also shed new light on the solutions and opportunities.

Contents:

• Prospect for the Chinese Economy in the 21st Century — Speech for the 2001 BiMBA Top Management Class of Beijing University
• Economic Development and Chinese Culture
• The Revival of China and the Future of Chinese Entrepreneurs
• Curb Overheating to Prevent Supercooling
• Window Guidance and Macro Control — Contemplating the Current Macroeconomic Policies of China
• Will the Reform of Exchange Rate Regime of RMB be Successful?
• Commercial Environment Construction and Macroeconomic Development
• Competitive Advantage, Comparative Advantage, and Economic Development Strategies
• Chinese State-Owned Enterprises and the Reform of Financial Institutions
• The Development Pattern of the Chinese Financial Market in the New Century — Forward: China's Tasks in the New Century
• On the Optimal Financial Structure in Economic Development
• Lack of Existing Paradigm for Interpreting the Chinese Economy

Readership: Researchers, professionals, undergraduate and graduate students interested in unique situations and rapid development of the Chinese Economy, including economic theories, current challenges and future developments.
Key Features:

• The author is the former Chief Economist and Senior Vice President of Development Economics at the World Bank
• The author, who is one of China's leading economists, has a profound understanding of China's social, economic and political structures
• This book not only investigates problems and challenges faced by the Chinese economy, but also sheds new light on the solutions and opportunities