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Explores the relationship between the Chinese peasantry, who are the fundamental base of support for the revolutionary Chinese Communist Party, and the state-led economic system established by the Party after 1949.

This study maintains that China's system of economic planning tends to mitigate the trade-off between economic growth and equity that has been found to prevail in the early stages of development in most less developed countries. The analysis focuses on the Chinese leadership's attempt to improve economic efficiency by decentralizing economic management without encouraging, as a consequence, increased economic inequality among different regions. By examining the budgetary and planning process, focusing in particular on the fiscal relations between the centre and the far-reaching degree of resource redistribution undertaken by the central government through its control of interprovincial and intersectoral resource transfers. Professor Lardy's analysis highlights the essential features of Chinese economic growth and relates these to the experience of both developing and Soviet-type economies.

This study, first published in 1992, explores the relationship between China's foreign trade reforms and the domestic economic reforms that underlie China's policy of openness. It provided the first comprehensive analysis of how China emerged, since reform began in 1978, as one of the most dynamic trading nations in the world. It examines both the external policy changes, such as the decentralisation of trading authority and the devaluation of the domestic currency, and internal economic reforms such as the increased use of markets and prices. The volume concludes with an analysis of the sources of China's export growth and outlines further domestic economic reforms that the author believes will be required to sustain China's integration into the world economy.

Explores the relationship between the Chinese peasantry, who are the fundamental base of support for the revolutionary Chinese Communist Party, and the state-led economic system established by the Party after 1949.

This study maintains that China's system of economic planning tends to mitigate the trade-off between economic growth and equity that has been found to prevail in the early stages of development in most less developed countries. The analysis focuses on the Chinese leadership's attempt to improve economic efficiency by decentralizing economic management without encouraging, as a consequence, increased economic inequality among different regions. By examining the budgetary and planning process, focusing in particular on the fiscal relations between the centre and the far-reaching degree of resource redistribution undertaken by the central government through its control of interprovincial and intersectoral resource transfers. Professor Lardy's analysis highlights the essential features of Chinese economic growth and relates these to the experience of both developing and Soviet-type economies.

This title was first published in 1978

China's transition to a market economy has propelled its remarkable economic growth since the late 1970s. In this book, Nicholas R. Lardy, one of the world's foremost experts on the Chinese economy, t

Lardy (Peterson Institute for International Economics) explains China's economic policy during the global financial crisis of 2008-09 and analyzes the challenges China's leadership faces in sustaining

China is playing a growing role in the world economy. It is one of the world's fastest growing countries and is the tenth largest exporter. China is also a significant recipient of foreign aid and a m

Why would the Chinese communist regime voluntarily agree to comply with the many complex rules of the global trading system to join the World Trade Organization since it has already become the world'

China’s accession to the World Trade Organization (WTO) has been hailed as the biggest coming-out party in the history of capitalism. Its membership eventually will contribute to higher standards of

Presents specific proposals for how China's exchange rate and capital account policies might be modified over the medium term.

Based on an October 2007 conference, examines the impact that China's exchange rate policy has on the economics of the United States and the rest of the world.

Taiwan has a special status for the United States, as both a leading high-technology economic partner and a place of political and security concern. The authors look at both the quantitative and quali

金融危機之後，批評中國經濟的聲音此起彼伏。有人懷疑，中國經濟刺激計劃最終加深了中國對出口和投資的依賴，並阻礙國內消費的增長。還有人懷疑，金融危機之後，諸如中國這樣的低消費、高儲蓄國家的增長模式是否時宜？世界經濟復蘇的力度可能不夠強勁，出口不能像過去那樣繼續作為中國經濟增長的主要來源。中國經濟增長的必然歸宿將是走向衰退。 但作者認為，中國針對經濟問題的應對之策，不僅手段多樣，而且經過精心策劃。中國

From the most distinguished China experts in America, and two of Washington's foremost think tanks, comes a definitive and indispensable portrait of China today.

Analysis of the authoritative data on China's economy, foreign and domestic polidy, and national security.

Expert judgments of China's confrontation with domestic challenges that are side effects of its economic successes, and of its simultaneous exploitation of foreign policy benefits of those same succe