: the end of economic reform in China? Lardy, Nicholas R. creator Nicholas R. Lardy. text Washington, DC : Peterson Institute for International Economics , 2019 monographic eng

print

xiv, 172 pages : illustrations : 26cm. China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, the renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy. Lardy's book is a timely sequel to his path-breaking Markets Over Mao: The Rise of Private Business in China (Peterson Institute for International Economics, 2014). This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China's potential. As with his previous book, Lardy's perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades--if it reverses course and returns to the path of market-oriented reforms Introduction 1. Understanding China's economic slowdown after the Global Financial Crisis 2. China's convergence potential 3. China's failing strategy to to reform state-owned enterprises 4. The path back to market-oriented economic reform 5. Prospects for further economic reform Appendices / Nicholas R. Lardy. Economic history China Economic policy Business and Economics 338.951 LAR 9780881327373 : Zafaa Books & Distributors : 313/56F, 49A, Anand Nagar, Inderlok, Delhi- 110035 221206 20221206113427.0