1st Edition

The Supply-side Revolution with Chinese Characteristics

By Fang Fuqian Copyright 2023
230 Pages 29 B/W Illustrations
by Routledge

230 Pages 29 B/W Illustrations
by Routledge

230 Pages 29 B/W Illustrations
by Routledge

Focusing on the supply-side structural reform in China, this book investigates the impetus, implementation strategy, initial results and theoretical underpinnings of the revolution, assessing its significance in perfecting China’s socialist market economic system. The supply-side structural reform launched in China in 2015 aims to thoroughly resolve the cyclical excess capacity and the habitual... Read more
Introduction  Part I Cause  1 The great transformation of China's economy: from supply shortage to supply surplus  2 cause of excess capacity: demand analysis  3 Cause of excess capacity: supply analysis  4 Cause of excess capacity: system analysis  Part II General plan and results  5 Effective handling of two relations  6 Three-step strategy of supply-side reform (1): symptomatic treatment  7 Three-step strategy of supply-side reform (2): consolidation treatment  8 Three-step strategy of supply-side reform (3): radical treatment  9 Initial results achieved by supply-side structural reform  Part III Theories  10 Theoretical origin and development of supply-side structural reform  11 Dual path of supply-side structural reform: market-oriented reform and government reform  Conclusion

Biography

Fang Fuqian is Chair Professor at School of Economics, Renmin University of China. His research interests include macroeconomic theory and policy and China's economic system reform and economic development.