Chinas role in global affairs today continues to rise. This book provides an authoritative, comprehensive and detailed overview of contemporary economic developments in China. Key topics include agriculture; the market gradually replacing central planning; the global financial crisis; the reform of state-owned industrial enterprises; the non-state sectors; the open-door policy (including the WTO, exchange rate policy, and inward and outward direct foreign investment); and Chinas economic performance in general.
The book continues - and adds to the overview of developments up to May 2006 which were covered in the authors China: A Guide to Economic and Political Developments(2006), and is the companion volume to Political Developments in Contemporary China: A Guide(2010) - both published by Routledge.
Overview Agriculture: policy since 1945; general facts and figures; the Household Responsibility System (features, reforms, successes and failures); the hukou system; the World Trade Organization (WTO) The market gradually replacing central planning: prices; monetary policy and the banking system; a chronology of financial developments The reform of state industrial enterprises: the discarding of social functions (unemployment compensation and pensions, health and housing); early reforms; shareholding and privatization (including developments on the two stock exchanges); conglomerates; a chronology of developments in ownership policy and state enterprise reform; bankruptcy law; the new labour law; financing investment (the debate); trade union branches in enterprises; the role of the party in enterprises; the non-state, non-agricultural sectors: the private sector, foreign-invested enterprises and township-village enterprises (TVEs); the importance of these sectors as a proplÓ