Chinese Scholars on the Chinese Economy : Chinese Political Economy

Zhang Yu
Published By : Gale Asia
ISBN-10 : 9814853461
ISBN-13 : 9789814853460
Page : 142 Pages | eBook
Published / Released : November 2019

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In this book, the author focuses on socialist political economy with Chinese characteristics (SPECC) as an approach for understanding the Chinese economic phenomena of the last 40 years. First, he analyzes the nature, features, core problems of, and historical reasons for this approach. He then goes on to examine the theory and practice of the socialist market economy, the relationship between the government and market, the reasons for China’s sustained and rapid economic development, and other issues that define the “Chinese Characteristics.” The author argues that while the reform and opening-up has brought an optimistic outlook to China, it did not happen without a hitch. The book summarizes these very triumphs and perils, tracing the winding course of institutional innovations and leaping developments as China pursues the market economy and seeks the guidance of Marxist political economy.