China’s economic rise over the last four decades has been as confounding as it has been impressive. Few economies have grown as fast and changed the lives of so many people in such a short time. How is it that a nominally Communist state has been able to achieve this “economic miracle”? And what are the consequences of this rapid transformation into a global economic powerhouse both inside China and abroad? The Political Economy of China is a lively and comprehensive introduction to China’s economic development in the contemporary era. Across its twelve thematic chapters, the book offers a multifaceted examination of the history, sectors and policies that are essential for understanding China’s growth experience. Chapter topics include the evolution of the state and private sectors; rural economic development; the labour market; social welfare in China, the environment; macroeconomic management and finance; foreign trade and direct investment; and China’s “going out” strategy of
