The Political Economy of China's Great Transformation

1st Edition

Xingyuan Feng, Christer Ljungwall, Sujian Guo

Routledge
Published June 28, 2018
Reference - 244 Pages - 10 B/W Illustrations
ISBN 9781138317031 - CAT# K394329

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Summary

The Political Economy of China’s Great Transformation consists of three parts: first, covering the current political transformation, providing a general political background for the socio-economic, fiscal and urban and rural transformation.

The book analyses the economic transformation and addresses the shortcomings of existing interpretations of the "Chinese Miracle" and develops a new multi-dimensional framework. In addition, it shows how the private sector has been developing and what a major role it is playing in pushing forward the overall economic development.

The book also focuses on the analysis of China’s fiscal transformation. With the set of refined principles of fiscal federalism that the author has developed, it examines the problems of Chinese fiscal federalism in contrast to them. It further elaborates on topics such as the local government debt and explains why further reforms are necessary, making this book a very comprehensive read to understand China’s progress.

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