Suchergebnisse

China's efforts to stimulate industrial development and economic growth through the allocation of investments are analyzed. Cheng concludes with an overall assessment of the distinctive features of the allocation pattern. Includes 41 statistical tables.

Economic development in mainland China during the first two decades of Communist control provides a typical example for the difficult task to transform a vast underdeveloped agrarian economy into a modern industrial one. In the first half of this period, a series of massive transformations of social and economic institutions was accompanied by a drafted industrialization program; the result was an impressive speed-up in economic growth. The second decade witnessed an economic crisis (1960–62) and a political upheaval (1966–68). These disruptions marred the economic performance over the period as a whole. Consequently, the long-term growth rate appears to have been only moderate. The Economy of Communist China reviews selected aspects of the economy. After examining the development strategy, it analyzes the quantitative trends and the structural changes. The book goes on to analyze the key factors contributing to the earlier growth and the elements responsible for the later disruption and finally assesses the impact of the Cultural Revolution on the Chinese economy and the prospects of the current Third Five-Year Plan. The text includes a bibliography of selected materials on Chinese economic development.

Economic development in mainland China during the first two decades of Communist control provides a typical example for the difficult task to transform a vast underdeveloped agrarian economy into a modern industrial one. In the first half of this period, a series of massive transformations of social and economic institutions was accompanied by a drafted industrialization program; the result was an impressive speed-up in economic growth. The second decade witnessed an economic crisis (1960–62) and a political upheaval (1966–68). These disruptions marred the economic performance over the period as a whole. Consequently, the long-term growth rate appears to have been only moderate.The Economy of Communist China reviews selected aspects of the economy. After examining the development strategy, it analyzes the quantitative trends and the structural changes. The book goes on to analyze the key factors contributing to the earlier growth and the elements responsible for the later disruption and finally assesses the impact of the Cultural Revolution on the Chinese economy and the prospects of the current Third Five-Year Plan.The text includes a bibliography of selected materials on Chinese economic development.

In the last five years, China's economy has made great strides. Its annual gross domestic product growth rate averaged 9.4 percent and in the past three years (2003-5) exceeded 10 percent a year. Foreign trade volume has tripled and the foreign exchange reserve exceeded $1 trillion, ranking first in the world. The robust growth, however, has brought concomitant woes such as growing income disparaties, rapid depletion of natural resources, and severe ecological deterioration. The Eleventh Five-Year Plan aims to rectify these shortcomings. This article highlights the key agenda of the new development plan and evaluates the prospect of China's economic and social development in the coming decades. (Asian Aff/GIGA)