Chinese Miracle: Review and Prospects

Author: Lin Yifu, Yao Yang
Publisher:
Publish Date: 2006-04-01
Features: Looking back at the past century of China's economic reform and development, we find that the institutional reform path and development strategy chosen by China have been fundamentally correct. The four articles in the first part of this book, while differing on some details, all agree that we have found that China's chosen institutional reform path and development strategy have been fundamentally correct. Although the authors of the four articles in the first part of the book may disagree on some details, they all unanimously agree that China's ability to make the right choices and ultimately achieve success is inseparable from the pragmatic spirit of its leaders and their humble attitude towards problems. Pragmatism and humility have led China to adopt a gradual and decentralized model of reform and development, which has largely determined the success of China's economic reform and development. The book is divided into two parts, with the first part consisting of four articles that review the sources of China's economic growth and the experience of its economic transformation, and the second part consisting of eleven articles that delve into four key areas that will determine the future development of China's economy, and provide prospects for China's economic development from aspects such as the financial system, foreign relations, agriculture, and population.