Economic Transition in China

Long-Run Growth and Short-Run Fluctuations

This book provides a comprehensive overview on Chinese economy in the last three decades and an insightful view on the future reform in China. The China's miracle is used to describe its rapid economic growth in the last thirty years. The author aims to demystify the miracle by analyzing the past and present of economic transitions and showcases the blueprint for future economic reforms, from the perspectives of institutional transformation, urbanization and changes in the labor markets.

The book contains hottest topics on Chinese economy, such as land market reform, new-type urbanization and financial reform. It investigates both the long-run growth and short-run fluctuations. The factor markets, including labor market, capital market and land market, are analyzed as key determinants to long-run growth and consumption, while investment and net export are investigated as elements to short-run fluctuations.

Contents:

• China's Economic Growth Under Globalization (Zhigang Yuan and Yuxin Yu)
• Potential Economic Growth of China in Transition (Zhigang Yuan and Yuxin Yu)
• Is China's Export Really Special? Perspective from Trade in Value Added (Changyuan Luo and Jiajun Xu)
• The Consumption Issue in the Long-term Growth and Short-term Fluctuations (Zhigang Yuan and Can Rao)
• The Political Economy of Chinese Reform (Zhe Yang)
• Whither Federalism, Chinese Style (Yongqin Wang)
• Financial Reform: Opportunity and Challenge to China's Future Growth (Zhigang Yuan and Jingwen Yu)
• China's Urbanization: Past, Present, and Future (Hao Zheng)
• China's Real Estate Market Development (Yuan Wang)
• Fiscal System and Local Government Behavior (Shengyan Xu and Wancong Li)
• The Demographic Factors in the Chinese Economy (Qin Chen)
• The Labor Market in China (Qin Chen)
• Social Justice and Intergenerational Income Mobility (Lin Chen)
• Further Development of Urbanization and the Policy Research on the Rural Migrant Workers Granted Urban Citizenship (Jing Tan)

Readership: Undergraduates, graduates, researchers, academics who are interested in Chinese economy and the China model.
Key Features:

• Professor Yuan is the dean of school of economics in Fudan university, an eminent economist in China and a Sun Yefang Prize laureate (highest honor of economics in China)
• The book contains hottest topics on Chinese economy, such as land market reform, new-type urbanization and financial reform
• The book provides rigorous and profound theoretic analysis on Chinese economy while interpreting the economic problems in China with easy-to-understand terms