How China Opened Its Door

How China Opened Its Door

Author: Susan L. Shirk

Publisher: Brookings Institution Press

Published: 1994-12-01

Total Pages: 156

ISBN-13: 9780815791706

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China's transformation from a virtually closed economy to a major trading nation is an incredible success story. Since 1979 the country has changed it's policies to promote increased foreign trade and investment, thereby attracting more direct investment to China than to any other developing country in recent years. What brought about this change? How, after thirty years of being walled off form the world economy, did China open its door? This book part of the Integrating National Economies series, tells the story of how China ended it long-held policies of economic isolationism and rejoined the world economy in the decade and a half between 1979 and 1994. It shows how China's transformation into a world trading power was achieved remarkably without any major alteration in the country's communist political system. Susan L. Shirk describes the reform strategy and explains why such a turn-around was possible in China but not in the Soviet Union. Shirk's analysis details the political logic behind the economic reform, illustrating how China's leaders were able to win support for reform politics among Communist Party and government officials. Despite strong vested interest in the status quo, the communist government successfully adopted reforms through gradualism, administrative decentralization, and ad hoc particularistic negotiating with individual subordinates. Shirk explains these distinctive features of China's path to reform. China has achieved shallow integration with great success. Whether deeper integration with the world economy will automatically follow remains unclear. Shirk concludes that China will not be able to achieve reform in the areas of deep integration—intellectual property rights, environmental protection, and labor treatment—in the same way it achieved shallow integration. She argues that imposing international standards will require rapid enforcement, central regulation, and uniform rules. If China can meet these challe


Book Synopsis How China Opened Its Door by : Susan L. Shirk

Download or read book How China Opened Its Door written by Susan L. Shirk and published by Brookings Institution Press. This book was released on 1994-12-01 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's transformation from a virtually closed economy to a major trading nation is an incredible success story. Since 1979 the country has changed it's policies to promote increased foreign trade and investment, thereby attracting more direct investment to China than to any other developing country in recent years. What brought about this change? How, after thirty years of being walled off form the world economy, did China open its door? This book part of the Integrating National Economies series, tells the story of how China ended it long-held policies of economic isolationism and rejoined the world economy in the decade and a half between 1979 and 1994. It shows how China's transformation into a world trading power was achieved remarkably without any major alteration in the country's communist political system. Susan L. Shirk describes the reform strategy and explains why such a turn-around was possible in China but not in the Soviet Union. Shirk's analysis details the political logic behind the economic reform, illustrating how China's leaders were able to win support for reform politics among Communist Party and government officials. Despite strong vested interest in the status quo, the communist government successfully adopted reforms through gradualism, administrative decentralization, and ad hoc particularistic negotiating with individual subordinates. Shirk explains these distinctive features of China's path to reform. China has achieved shallow integration with great success. Whether deeper integration with the world economy will automatically follow remains unclear. Shirk concludes that China will not be able to achieve reform in the areas of deep integration—intellectual property rights, environmental protection, and labor treatment—in the same way it achieved shallow integration. She argues that imposing international standards will require rapid enforcement, central regulation, and uniform rules. If China can meet these challe


To Get Rich Is Glorious

To Get Rich Is Glorious

Author: Jacques deLisle

Publisher: Brookings Institution Press

Published: 2019-09-24

Total Pages: 290

ISBN-13: 0815737262

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" In 1978, China launched economic reforms that have resulted in one of history’s most dramatic national transformations. The reforms removed bureaucratic obstacles to economic growth and tapped China’s immense reserves of labor and entrepreneurial talent to unleash unparalleled economic growth in the country. In the four decades since, China has become the world’s second-largest economy after the United States, and a leading force in international trade and investment. As the contributors to this volume show, China also faces daunting challenges in sustaining growth, continuing its economic ransformation, addressing the adverse consequences of economic success, and dealing with mounting suspicion from the United States and other trade and investment partners. China also confronts risks stemming from the project to expand its influence across the globe through infrastructure investments and other projects under the Belt and Road Initiative. At the same time, China’s current leader, Xi Jinping, appears determined to make his own lasting mark on the country and on China’s use of its economic clout to shape the world around it. "


Book Synopsis To Get Rich Is Glorious by : Jacques deLisle

Download or read book To Get Rich Is Glorious written by Jacques deLisle and published by Brookings Institution Press. This book was released on 2019-09-24 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: " In 1978, China launched economic reforms that have resulted in one of history’s most dramatic national transformations. The reforms removed bureaucratic obstacles to economic growth and tapped China’s immense reserves of labor and entrepreneurial talent to unleash unparalleled economic growth in the country. In the four decades since, China has become the world’s second-largest economy after the United States, and a leading force in international trade and investment. As the contributors to this volume show, China also faces daunting challenges in sustaining growth, continuing its economic ransformation, addressing the adverse consequences of economic success, and dealing with mounting suspicion from the United States and other trade and investment partners. China also confronts risks stemming from the project to expand its influence across the globe through infrastructure investments and other projects under the Belt and Road Initiative. At the same time, China’s current leader, Xi Jinping, appears determined to make his own lasting mark on the country and on China’s use of its economic clout to shape the world around it. "


British Trade and the Opening of China 1800-1842

British Trade and the Opening of China 1800-1842

Author: Michael Greenberg

Publisher: CUP Archive

Published: 1969

Total Pages: 264

ISBN-13:

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Book Synopsis British Trade and the Opening of China 1800-1842 by : Michael Greenberg

Download or read book British Trade and the Opening of China 1800-1842 written by Michael Greenberg and published by CUP Archive. This book was released on 1969 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The Jingshan Report

The Jingshan Report

Author: China Finance 40 Forum Research Group

Publisher: ANU Press

Published: 2020-01-14

Total Pages: 314

ISBN-13: 1760463353

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The Jingshan Report is a collection of research papers on key issues for China’s financial opening, including reform of the RMB exchange rate regime, management of cross-border capital flows and financial support for the Belt and Road Initiative. Authored by leading experts in the relevant fields, the report examines the evolution, current status and problems with the financial opening policy over the past four decades, and puts forward policy recommendations on how to steadily push forward China’s financial opening.


Book Synopsis The Jingshan Report by : China Finance 40 Forum Research Group

Download or read book The Jingshan Report written by China Finance 40 Forum Research Group and published by ANU Press. This book was released on 2020-01-14 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Jingshan Report is a collection of research papers on key issues for China’s financial opening, including reform of the RMB exchange rate regime, management of cross-border capital flows and financial support for the Belt and Road Initiative. Authored by leading experts in the relevant fields, the report examines the evolution, current status and problems with the financial opening policy over the past four decades, and puts forward policy recommendations on how to steadily push forward China’s financial opening.


Economic Lessons from China’s Forty Years of Reform and Opening-up

Economic Lessons from China’s Forty Years of Reform and Opening-up

Author: David Daokui Li

Publisher: Springer Nature

Published: 2021-03-26

Total Pages: 256

ISBN-13: 9813345209

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This book first shows that the past 40 years of China's economic reform and opening up represents the greatest magnitude of economic growth in history. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China's economic reform and opening up, all in the area of the relationship between the government and the economy. First, the local governments need to be incentivized to help rapid entry and development of enterprises. Second, local governments need to be incentivized to help rapid land conversion from agricultural to non-agricultural. Third, financial deepening is vital; that is, inducing households to hold more and more financial assets in local currency. Financial deepening is essential to convert savings into investments. This requires financial stability, which is crucial. Fourth, the learning through opening up is the key to endogenous economic growth. The fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rationale is that enterprises compete with each other in games of industrial organization. In order to resolve this problem, proactive measures including market-oriented means, administrative orders and reform measures should be implemented. Overall, the main lesson from China's past 40 years of reform and opening up is that proper incentives and behavior of the government, local and central, are important for economic growth. China has been conducting reforms in this regard and as a result, the government more or less has been playing the role of a "helping hand" regarding economic growth, although China's economic system is far from perfect and many reforms are still needed.


Book Synopsis Economic Lessons from China’s Forty Years of Reform and Opening-up by : David Daokui Li

Download or read book Economic Lessons from China’s Forty Years of Reform and Opening-up written by David Daokui Li and published by Springer Nature. This book was released on 2021-03-26 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book first shows that the past 40 years of China's economic reform and opening up represents the greatest magnitude of economic growth in history. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China's economic reform and opening up, all in the area of the relationship between the government and the economy. First, the local governments need to be incentivized to help rapid entry and development of enterprises. Second, local governments need to be incentivized to help rapid land conversion from agricultural to non-agricultural. Third, financial deepening is vital; that is, inducing households to hold more and more financial assets in local currency. Financial deepening is essential to convert savings into investments. This requires financial stability, which is crucial. Fourth, the learning through opening up is the key to endogenous economic growth. The fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rationale is that enterprises compete with each other in games of industrial organization. In order to resolve this problem, proactive measures including market-oriented means, administrative orders and reform measures should be implemented. Overall, the main lesson from China's past 40 years of reform and opening up is that proper incentives and behavior of the government, local and central, are important for economic growth. China has been conducting reforms in this regard and as a result, the government more or less has been playing the role of a "helping hand" regarding economic growth, although China's economic system is far from perfect and many reforms are still needed.


Opening China

Opening China

Author: Jessie Gregory Lutz

Publisher: Wm. B. Eerdmans Publishing

Published: 2008-04

Total Pages: 385

ISBN-13: 080283180X

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Western evangelists have long been fascinated by China, a vast mission field with a unique language and culture. One of the most intrigued was also one of the most intriguing: Karl F. A. Gützlaff (1803-1851). In this erudite study Jessie Gregory Lutz chronicles Gützlaff's life from his youth in Germany to his conversion and subsequent turn to missions to his turbulent time in Asia. Lutz also includes a substantial bibliography consisting of (1) archival sources, (2) selected books, pamphlets, tracts, and translations by Gützlaff, and (3) books, periodicals, and articles. This is truly an important reference for any student of the history of China or missions.


Book Synopsis Opening China by : Jessie Gregory Lutz

Download or read book Opening China written by Jessie Gregory Lutz and published by Wm. B. Eerdmans Publishing. This book was released on 2008-04 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Western evangelists have long been fascinated by China, a vast mission field with a unique language and culture. One of the most intrigued was also one of the most intriguing: Karl F. A. Gützlaff (1803-1851). In this erudite study Jessie Gregory Lutz chronicles Gützlaff's life from his youth in Germany to his conversion and subsequent turn to missions to his turbulent time in Asia. Lutz also includes a substantial bibliography consisting of (1) archival sources, (2) selected books, pamphlets, tracts, and translations by Gützlaff, and (3) books, periodicals, and articles. This is truly an important reference for any student of the history of China or missions.


A Village with My Name

A Village with My Name

Author: Scott Tong

Publisher: University of Chicago Press

Published: 2017-11-17

Total Pages: 262

ISBN-13: 022633905X

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An “immensely readable” journey through modern Chinese history told through the experiences of the author’s extended family (Christian Science Monitor). When journalist Scott Tong moved to Shanghai, his assignment was to start the first full-time China bureau for “Marketplace,” the daily business and economics program on public radio stations across the US. But for Tong the move became much more: an opportunity to reconnect with members of his extended family who’d remained there after his parents fled the communists six decades prior. Uncovering their stories gave him a new way to understand modern China’s defining moments and its long, interrupted quest to go global. A Village with My Name offers a unique perspective on China’s transitions through the eyes of regular people who witnessed such epochal events as the toppling of the Qing monarchy, Japan’s occupation during WWII, exile of political prisoners to forced labor camps, mass death and famine during the Great Leap Forward, market reforms under Deng Xiaoping, and the dawn of the One Child Policy. Tong focuses on five members of his family, who each offer a specific window on a changing country: a rare American-educated girl born in the closing days of the Qing Dynasty, a pioneer exchange student, a toddler abandoned in wartime who later rides the wave of China’s global export boom, a young professional climbing the ladder at a multinational company, and an orphan (the author’s daughter) adopted in the middle of a baby-selling scandal fueled by foreign money. Through their stories, Tong shows us China anew, visiting former prison labor camps on the Tibetan plateau and rural outposts along the Yangtze, exploring the Shanghai of the 1930s, and touring factories across the mainland—providing a compelling and deeply personal take on how China became what it is today. “Vivid and readable . . . The book’s focus on ordinary people makes it refreshingly accessible.” —Financial Times “Tong tells his story with humor, a little snark, [and] lots of love . . . Highly recommended, especially for those interested in Chinese history and family journeys.” —Library Journal (starred review)


Book Synopsis A Village with My Name by : Scott Tong

Download or read book A Village with My Name written by Scott Tong and published by University of Chicago Press. This book was released on 2017-11-17 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: An “immensely readable” journey through modern Chinese history told through the experiences of the author’s extended family (Christian Science Monitor). When journalist Scott Tong moved to Shanghai, his assignment was to start the first full-time China bureau for “Marketplace,” the daily business and economics program on public radio stations across the US. But for Tong the move became much more: an opportunity to reconnect with members of his extended family who’d remained there after his parents fled the communists six decades prior. Uncovering their stories gave him a new way to understand modern China’s defining moments and its long, interrupted quest to go global. A Village with My Name offers a unique perspective on China’s transitions through the eyes of regular people who witnessed such epochal events as the toppling of the Qing monarchy, Japan’s occupation during WWII, exile of political prisoners to forced labor camps, mass death and famine during the Great Leap Forward, market reforms under Deng Xiaoping, and the dawn of the One Child Policy. Tong focuses on five members of his family, who each offer a specific window on a changing country: a rare American-educated girl born in the closing days of the Qing Dynasty, a pioneer exchange student, a toddler abandoned in wartime who later rides the wave of China’s global export boom, a young professional climbing the ladder at a multinational company, and an orphan (the author’s daughter) adopted in the middle of a baby-selling scandal fueled by foreign money. Through their stories, Tong shows us China anew, visiting former prison labor camps on the Tibetan plateau and rural outposts along the Yangtze, exploring the Shanghai of the 1930s, and touring factories across the mainland—providing a compelling and deeply personal take on how China became what it is today. “Vivid and readable . . . The book’s focus on ordinary people makes it refreshingly accessible.” —Financial Times “Tong tells his story with humor, a little snark, [and] lots of love . . . Highly recommended, especially for those interested in Chinese history and family journeys.” —Library Journal (starred review)


China’s 40 Years of Reform and Development: 1978–2018

China’s 40 Years of Reform and Development: 1978–2018

Author: Ross Garnaut

Publisher: ANU Press

Published: 2018-07-19

Total Pages: 709

ISBN-13: 176046225X

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The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.


Book Synopsis China’s 40 Years of Reform and Development: 1978–2018 by : Ross Garnaut

Download or read book China’s 40 Years of Reform and Development: 1978–2018 written by Ross Garnaut and published by ANU Press. This book was released on 2018-07-19 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.


Deng Xiaoping and the Transformation of China

Deng Xiaoping and the Transformation of China

Author: Ezra F. Vogel

Publisher: Harvard University Press

Published: 2013-10-14

Total Pages: 553

ISBN-13: 0674257413

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Winner of the Lionel Gelber Prize National Book Critics Circle Award Finalist An Economist Best Book of the Year | A Financial Times Book of the Year | A Wall Street Journal Book of the Year | A Washington Post Book of the Year | A Bloomberg News Book of the Year | An Esquire China Book of the Year | A Gates Notes Top Read of the Year Perhaps no one in the twentieth century had a greater long-term impact on world history than Deng Xiaoping. And no scholar of contemporary East Asian history and culture is better qualified than Ezra Vogel to disentangle the many contradictions embodied in the life and legacy of China’s boldest strategist. Once described by Mao Zedong as a “needle inside a ball of cotton,” Deng was the pragmatic yet disciplined driving force behind China’s radical transformation in the late twentieth century. He confronted the damage wrought by the Cultural Revolution, dissolved Mao’s cult of personality, and loosened the economic and social policies that had stunted China’s growth. Obsessed with modernization and technology, Deng opened trade relations with the West, which lifted hundreds of millions of his countrymen out of poverty. Yet at the same time he answered to his authoritarian roots, most notably when he ordered the crackdown in June 1989 at Tiananmen Square. Deng’s youthful commitment to the Communist Party was cemented in Paris in the early 1920s, among a group of Chinese student-workers that also included Zhou Enlai. Deng returned home in 1927 to join the Chinese Revolution on the ground floor. In the fifty years of his tumultuous rise to power, he endured accusations, purges, and even exile before becoming China’s preeminent leader from 1978 to 1989 and again in 1992. When he reached the top, Deng saw an opportunity to creatively destroy much of the economic system he had helped build for five decades as a loyal follower of Mao—and he did not hesitate.


Book Synopsis Deng Xiaoping and the Transformation of China by : Ezra F. Vogel

Download or read book Deng Xiaoping and the Transformation of China written by Ezra F. Vogel and published by Harvard University Press. This book was released on 2013-10-14 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the Lionel Gelber Prize National Book Critics Circle Award Finalist An Economist Best Book of the Year | A Financial Times Book of the Year | A Wall Street Journal Book of the Year | A Washington Post Book of the Year | A Bloomberg News Book of the Year | An Esquire China Book of the Year | A Gates Notes Top Read of the Year Perhaps no one in the twentieth century had a greater long-term impact on world history than Deng Xiaoping. And no scholar of contemporary East Asian history and culture is better qualified than Ezra Vogel to disentangle the many contradictions embodied in the life and legacy of China’s boldest strategist. Once described by Mao Zedong as a “needle inside a ball of cotton,” Deng was the pragmatic yet disciplined driving force behind China’s radical transformation in the late twentieth century. He confronted the damage wrought by the Cultural Revolution, dissolved Mao’s cult of personality, and loosened the economic and social policies that had stunted China’s growth. Obsessed with modernization and technology, Deng opened trade relations with the West, which lifted hundreds of millions of his countrymen out of poverty. Yet at the same time he answered to his authoritarian roots, most notably when he ordered the crackdown in June 1989 at Tiananmen Square. Deng’s youthful commitment to the Communist Party was cemented in Paris in the early 1920s, among a group of Chinese student-workers that also included Zhou Enlai. Deng returned home in 1927 to join the Chinese Revolution on the ground floor. In the fifty years of his tumultuous rise to power, he endured accusations, purges, and even exile before becoming China’s preeminent leader from 1978 to 1989 and again in 1992. When he reached the top, Deng saw an opportunity to creatively destroy much of the economic system he had helped build for five decades as a loyal follower of Mao—and he did not hesitate.


On China

On China

Author: Henry Kissinger

Publisher: Penguin

Published: 2012-04-24

Total Pages: 0

ISBN-13: 0143175920

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With the enduring institutions of Chinese statecraft and its civilization clearly in mind, Henry Kissinger in On China examines key episodes in Chinese foreign policy from its earliest days through the 20th century, with a particular emphasis on the modern era. Kissinger illuminates the inner workings of Chinese diplomacy during such events as the initial encounters between China and modern European powers, the formation and breakdown of the Sino—Soviet alliance, the Korean War, the opening of relations with the United States, the Tiananmen Square crackdown, and China’s accession to the World Trade Organization. Drawing on both historical records and personal experience, he traces the evolution of Sino–American relations in the past 60 years, following their course from estrangement to strategic partnership and toward an uncertain future. He analyzes the two towering figures of the People’s Republic of China, Mao Zedong and Deng Xiaoping, and their divergent visions of China’s modern destiny. With a final chapter on the future of Sino—American relations and China’s 21st-century world role, Kissinger’s book on China provides a sweeping historical perspective on Chinese foreign policy from one of the premier statesmen of the 20th century.


Book Synopsis On China by : Henry Kissinger

Download or read book On China written by Henry Kissinger and published by Penguin. This book was released on 2012-04-24 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the enduring institutions of Chinese statecraft and its civilization clearly in mind, Henry Kissinger in On China examines key episodes in Chinese foreign policy from its earliest days through the 20th century, with a particular emphasis on the modern era. Kissinger illuminates the inner workings of Chinese diplomacy during such events as the initial encounters between China and modern European powers, the formation and breakdown of the Sino—Soviet alliance, the Korean War, the opening of relations with the United States, the Tiananmen Square crackdown, and China’s accession to the World Trade Organization. Drawing on both historical records and personal experience, he traces the evolution of Sino–American relations in the past 60 years, following their course from estrangement to strategic partnership and toward an uncertain future. He analyzes the two towering figures of the People’s Republic of China, Mao Zedong and Deng Xiaoping, and their divergent visions of China’s modern destiny. With a final chapter on the future of Sino—American relations and China’s 21st-century world role, Kissinger’s book on China provides a sweeping historical perspective on Chinese foreign policy from one of the premier statesmen of the 20th century.