Whither China?: Restarting the Reform Agenda by Wu JinglianWhither China?: Restarting the Reform Agenda by Wu Jinglian

Whither China?: Restarting the Reform Agenda

byWu Jinglian, Ma Guochuan, Xiaofeng Hua

Hardcover | April 15, 2016

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How has China been able to maintain high-speed economic growth during the last thirty-plus years and successfully transform itself from a poor, backward, and developing country to become the world's second-largest economy? What are the challenges that China faces today and how will she dealwith them in order to continue moving toward a truly prosperous and modern society? Standing at a crossroads today, what future direction should China choose: a free market economy or state capitalism? In a series of penetrating dialogues, Wu Jinglian, China's most celebrated and influential economist, and Ma Guochuan, chief commentator of Caijing Magazine, attempt to address the following question: "Where is China going?" This volume offers critical insights into the historical evolution ofChina's ongoing economic and social transformation. Strongly reflecting Professor Wu's views on the future prospects of the economic reforms, the book provides readers with a deep and lucid understanding of the social and economic issues now confronting China, analyzes their underlying causes, andexamines the serious challenges to implementing further reforms. Professor Wu argues that the only way to escape the various social ills in China today is to restart the economic and political reforms, which began thirty years ago but have slowed down during the recent decade, and to move China in the direction of a market economy, the rule of law, anddemocracy.
For more than thirty years, Wu Jinglian has been widely regarded as China's most celebrated and influential economist. Wu graduated from the Department of Economics of Fudan University in 1954. He is currently Senior Research Fellow at the Development Research Center under the State Council of the People's Republic of China, and Bao St...
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Title:Whither China?: Restarting the Reform AgendaFormat:HardcoverDimensions:360 pagesPublished:April 15, 2016Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0190223154

ISBN - 13:9780190223151

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Table of Contents

1. "Whither China?" in a new context2. Why should the Soviet-type economic system be reformed?3. The initial emergence of reform in 19564. Reforms of the economic management system during the Maoist era5. The failure of state-owned reforms under market socialism6. Rural household contracting leads to the incremental reform strategy7. The sudden rise of the private sector8. External opening: A driver for reform9. The role of the "dual-track" system and its consequences10. Overall promotion of reform: A new phase11. The foundations of a market economy: Redefining property rights12. Reestablishing the financial system13. Returning to public finance14. The long and bumpy road to a social-security system15. Economic fluctuations and macroeconomic policies16. Unfinished market-oriented reforms17. Without political reform, economic reform will not succeed18. Difficulties in shifting the growth model19. Will China become a rent-seeking society?20. Restarting the reform agenda