The current growth of the Chinese economy is of immense importance for the global economy. This book outlines the main characteristics of Chinese economic growth over the last two decades, and investigates in detail the key determinants of growth, especially capital formation and productivity issues. It goes on to examine the important related questions of employment and underemployment, regional disparity, and economic integration, exploring in detail how far economic integration has taken place in south China, including the economies of Hong Kong and Taiwan, and how far this integration has been a determinant of economic growth. The book makes comparisons with other East Asian economies, and concludes with a consideration of the prospects for continuing growth in the twenty-first century.
Table of Contents
1. Growing with Chinese Characteristics: An Introduction 2. Capital Formation and Growth 3. Sources of Growth 4. The role of Productivity 5. Regional Growth, Disparity and Convergence 6. Integration and Growth in South China 7. Deregulation and Growth in Telecommunications Industry 8. Deregulation and Growth in the Energy Sector 9. Conclusion
Yanrui Wu is an economist specialising in development economics and applied econometrics. His research interests are the Chinese and Asian economies, economic growth and productivity analysis. He is the author of Productive Performance in Chinese Enterprises, China's Consumer Revolution and The Macroeconomics of East Asian Growth.
'Yanrui Wu's book provides the reader with a valuable toolbox of statistical information and reflection for assessing Chinese growth over the decades following the creation of the People's Republic of China.' - China Perspectives
'We must applaud the thoroughness of this study, while remarking in addition that it is enjoyable to read and clearly argued. The book is of interest in that it tackles numerous aspects and issues relating to growth:convergence, productivity, regional disparities and economic integration.' - China Perspectives