1st Edition

Perceiving Truth and Ceasing Doubts What Can We Learn from 40 Years of China’s Reform and Opening-Up?

By Cai Fang Copyright 2020
    228 Pages
    by Routledge

    226 Pages
    by Routledge

    China has experienced tremendous developmental success since its reform and opening-up policy in 1978. What has contributed to China’s high-speed economic growth? What lessons can be learned from China’s successful case? What might be the challenges that China would face on its path to becoming a high-income country? These are some critical questions this book addresses.

    Based on the facts and economic logic, this book briefly narrates the history of China’s successful development in the past 40 years and explains why China's reform and opening-up has boosted the high-speed growth of its economy. Recognizing the change in the stage of economic development, the author reveals the emerging challenges facing China when transitioning from a middle-income country to a high-income country. He proposes that the country should transition from the demographic dividend to reform dividend to sustain the long-term development.

    With its scholarly analysis and plain language, this book would not only attract scholars and students in economics and China studies but also readers interested in the development of the Chinese economy.

    1. Changes of Reform from Thirty Years to Forty Years. 2. Development is an Unyielding Principle. 3. Reform Is the Fundamental Driving Force. 4. Globalization and Chinese Factor. 5. Development Stages and Turning Point. 6. Engine for Sustainable Growth. 7. Beyond the Demographic Dividend. 8. Achieving Balanced Development. 9. Redefinition of Government Functions. 10. Embracing the Great Rejuvenation


    Cai Fang is Professor, Vice President and Party Group Member of the Chinese Academy of Social Sciences, Academician at the Chinese Academy of Social Sciences.