China's Three Decades of Economic Reforms [Paperback]

In the thirty years since China initiated economic reforms and its open-door policy, China has been transformed from a poor nation almost completely isolated from the global economy to an engine of growth of the world economy. Chinas dynamic transition has been among the most dramatic developments of recent history; and its economy continues to grow rapidly, with important consequences for Chinas own society and environment, as well as for the wider world. This book provides a fascinating insight into a wide range of issues on Chinese economy and its three decades of economic reforms. With well-researched, in-depth and comprehensive coverage of key topics, using the latest research findings, this book covers Chinese monetary policy and financial sector reforms; Chinas income disparities; the emergence of Chinas business groups; the implications of foreign direct investment and innovation and technological developments. The book will be an indispensable guide to scholars, entrepreneurs, policy-makers and all who are interested in Chinas economic affairs.

Part I: Overview 1: Success and Challenges: Overview of Chinas Economic Growth and Reform since 1978  Part II: Financial Sector Reforms and Monetary Policy 2: Mission Completed or Problems Unsolved? A Policy Review of Chinas Banking Reform 3: Entry Behaviour of Foreign Banks in the Chinese Banking Market 4: The Price-earning Ratios in Chinese Stock Market: an Empirical Investigation 5: Cost Efficiency Analysis in Banking Industries of Ten Asian Countries and Regions 6: An Analysis of Chinese Money and Prices Using a McCallum-type Rule 7: External adjustment failure and cross-currency speculation: Can China be affected? Part III: Economic Reforms and Chinas Income Disparities 8: China's provincial disparities and the determinants of provincial inequality 9: Understanding the income inequall£&