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Charles Harvie - Contemporary Developments and Issues in Chinas Economic Transition

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As a prospective economic giant in the next century, developments in the Chinese economy are of significance to the global economy. This book consists of contributions concerned with analyzing contemporary developments and issues facing the country after two decades of economic reform, and key policies which will exert a profound influence upon the countrys prospective growth and development momentum into the next millennium.

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title Contemporary Developments and Issues in Chinas Economic Transition - photo 1


title:Contemporary Developments and Issues in China's Economic Transition
author:Harvie, Charles
publisher:Palgrave Macmillan (UK)
isbn10 | asin:0333746171
print isbn13:9780333746172
ebook isbn13:9780333977682
language:English
subjectChina--Economic conditions--1976- , China--Economic policy--1976- , Mixed economy--China.
publication date:2000
lcc:HC427.92.C664 2000eb
ddc:338.951
subject:China--Economic conditions--1976- , China--Economic policy--1976- , Mixed economy--China.

Page i


Contemporary Developments and Issues in China's Economic Transition

Page ii


Also by Charles Harvie
CAUSES AND IMPACT OF THE ASIAN FINANCIAL CRISIS (co-editor with Tran Van Hoa)
VIETNAM'S REFORMS AND ECONOMIC GROWTH (with Tran Van Hoa)

Page iii

Contemporary Developments and Issues in China's Economic Transition

Edited by
Charles Harvie
Associate Professor
Department of Economics
University of Wollongong
New South Wales
Australia


Contemporary Developments and Issues in Chinas Economic Transition - image 2

Page iv

Picture 3First published in Great Britain 2000 by
MACMILLAN PRESS LTD
Houndmills, Basingstoke, Hampshire RG21 6XS and London
Companies and representatives throughout the world
A catalogue record for this book is available from the British Library.
ISBN 0-333-74617-1

Picture 4First published in the United States of America 2000 by
ST. MARTIN'S PRESS, INC.,
Scholarly and Reference Division,
175 Fifth Avenue, New York, N.Y. 10010
ISBN 0-312-23026-5
Library of Congress Cataloging-in-Publication Data
Contemporary developments and issues in China's economic transition / edited
by Charles Harvie.
p. cm.
A collection of 11 research papers written for this volume by specialists.
Includes index.
ISBN 0-312-23026-5 (cloth)
1. ChinaEconomic conditions1976- 2. ChinaEconomic policy1976
3. Mixed economyChina. I. Harvie, Charles, 1954
HC427.92 .C664 1999
338.951dc21
99-048151

Selection, editorial matter and Chapters 1 and 4 Charles Harvie 2000
Chapter 3 Charles Harvie and Tony Naughton 2000
Chapters 2, 511 Macmillan Press Ltd 2000

All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission.

No paragraph of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, 90 Tottenham Court Road, London W1P 0LP.

Any person who does any unauthorised act in relation to this publication may be liable to criminal prosecution and civil claims for damages.

The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988.

This book is printed on paper suitable for recycling and made from fully managed and sustained forest sources.

10 9 8 7 6 5 4 3 2 1
09 08 07 06 05 04 03 02 01 00

Printed and bound in Great Britain by
Antony Rowe Ltd, Chippenham, Wiltshire

Page v

To Colin and Wendy

Page vii

Contents

List of Figuresix
List of Tablesx
List of Contributorsxiii
Introductionxvii
Acknowledgmentsxxiii
Map of Provincesxxiv

Part 1 Recent developments
1. Economic Reforms and Recent Macroeconomic Performance3
Charles Harvie
2. Growth, Inflation and the Asian Financial Crisis34
Tran Van Hoa
3. Corporate Governance and State-Owned Enterprise Reform45
Charles Harvie and Tony Naughton
4. Business Alliances, Organizational Change and Township and Village Enterprises71
Charles Harvie
5. Financial Sector Reform101
Martin Hovey and Tony Naughton
6. Labour Market Developments137
Greg O'Leary
7. Trade and Investment162
Chung-Sok Suh and Jung-Soo Seo

Part 2 Key issues
8. Balanced Development: the Challenge for Science, Technology and Innovation Policy191
Tim Turpin and Xielin Liu

Page viii

9. Labour Migration since 1978212
Robyn Iredale
10. Regional Income Inequality238
Khorshed Chowdhury, Charles Harvie and Amnon Levy
11. Land reform and the Competitiveness of China's Cities262
Darren McKay
Index282

Page ix

List of Figures

4.1 Employees by Sector 199496 (millions)81
4.2 Growth in Employment By Sector (%)82
5.1 Structure of the Financial Sector107
5.2 Inflation Adjusted Borrowing Rates: Interest Rates for Term Deposit and Bank Loans and Inflation, 198098 (%)118
5.3 Exchange Rates, 198098 (Rmb per US$1)121
5.4 Stock Market Data, 199198: Change in Index (%)131
8.1 Township and Village Enterprises in China, 197896197
9.1 Interprovincial Migration by Province/Autonomous Region/Municipality, 198590218
9.2 Interprovincial Migration by Region, 198590219
10.1 Annual Growth Rates of Real GDP by Region242
10.2 Regional Industrial Output, 1978 and 1995 (in current prices)244
10.3 Per Capita Value of Regional Retail Sales (in Current Prices)245
10.4 TVE Industrial Output by Region, 1995247
10.5 Ownership Share in Regional Industrial Output, 1995248
10.6 Regional Divergence in Exports250
10.7 Regional Divergence in Used Foreign Investment
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