Greg Mastel - The rise of the Chinese economy: the middle kingdom emerges

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The Rise of the Chinese Economy The Middle Kingdom Emerges GREG MASTEL M.E. Sharpe Armonk, New York London, England

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title	:	The Rise of the Chinese Economy : The Middle Kingdom Emerges
author	:	Mastel, Greg.
publisher	:	ME Sharpe, Inc.
isbn10 | asin	:	076560017X
print isbn13	:	9780765600172
ebook isbn13	:	9780585019802
language	:	English
subject	China--Economic conditions--1976- , China--Economic policy--1976- , China--Economic integration.
publication date	:	1997
lcc	:	HC427.92.M435 1997eb
ddc	:	338.951
subject	:	China--Economic conditions--1976- , China--Economic policy--1976- , China--Economic integration.

Copyright 1997 by M. E. Sharpe, Inc. All rights reserved. No part of this book may be reproduced in any form without written permission from the publisher, M. E. Sharpe, Inc., 80 Business Park Drive, Armonk, New York 10504. Library of Congress Cataloging-in-Publication Data Mastel, Greg, 1963 The rise of the Chinese economy: the middle kingdom emerges / Greg Mastel p. cm. Includes bibliographical references and index. ISBN 0-7656-0017-X (hardcover: alk. paper ). ISBN 0-7656-0018-8 (pbk. : alk. paper) 1. ChinaEconomic conditions 1976-2. ChinaEconomic policy1976-3. ChinaEconomic integration. I. Title. HC427.92.M435 1997 338.95 1dc21 96-53292 CIP Printed in the United States of America The paper used in this publication meets the minimum requirements of American National Standard for Information SciencesPermanence of Paper for Printed Library Materials, ANSI Z 39.48-1984. BM (c) 10 9 8 7 6 5 4 3 2 1 BM (p) 10 9 8 7 6 5 4 3 2 1

Contents List of Tables and Figures ix Acknowledgments xi 1. Introduction 3 PART I China's Political and Economic World 7 2. The Chinese Economy 9 The Numbers Game: Problems with Statistics 10 The Size and Prospects for Growth of the Chinese Economy 11 Foreign Direct Investment 15 Foreign Trade 20 Foreign Borrowing and Aid 34 Conclusion 38 3. Overview of the Chinese Political System 43 Key Central Institutions 44 Key Economic Policymaking Institutions 50 The Succession Struggle 58 PART II Barriers to Integration 65 4. The Totalitarian System 67 State-Owned Enterprises 68 Economic Planning 71 Imitating Japan and Korea? 75 State Power 75 Nationalism and Free Trade 76 Conclusion 77 5. Rule of Law 81 Intellectual Property 82 Sales of Nuclear Materials 85 Piracy on the Seas 86 The McDonald's Lease 87 Establishing a Rule of Law 88 Rule of Law and Commerce 89 Conclusion 98 6. Trade Barriers 103 Tariffs 105 Import Quotas, Licenses, and Other Restrictions 107 Standards, Testing, and Certification 109 Government Procurement 110 Subsidies 111 Service Barriers 114

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