Based on extensive original research, Globalisation, Transition and Development in China explains China's development strategy and its underlying forces, and the success of this strategy. It examines China's gradualist approach which emphasizes development first and regards transition and globalization as secondary, enacting liberalization of domestic markets and integration into the world economy in a paced way, avoiding dramatic changes which might impede or even reverse development, and argues that this approach is broadly correct. It considers China's failures, including the failure to build large globally competitive corporations despite the intention to do this, and shows how China's economic strategy has been implemented in detail with a case study of the large and important coal industry.
'China's coal mining industry is much in the news, both because of its appalling safety record and because of the way Chinese demand is forcing up world coal prices. This book is a useful examination of some of the problems facing the industry.' - The China Journal
'The book's most useful and interesting parts are the case studies, especially of Jixi and Shenhua, which contain many illuminating illustrations of the current problems of China's economy.' - The China Journal
Introduction 1. The Challenges Facing China 2. The Challenges Facing China's Coal Industry 3. Development: The Rise and Fall of TVE Coalmines 4. Transition: Transforming Traditional SOE Coalmines 5. Globalization: Building Competitive Coal Corporations 6. Conclusion: Interrelationship of Three Challenges and the Role of the State Bibliography Notes