DEMYSTIFYING CHINA'S ECONOMIC EMERGENCE

The rise of China's economy is an integral part of world history. Since 1978, China achieved tremendous economic success. What is the secret behind China's economic rise? This book approaches the topic by focusing on origins, models, and characteristics — a comprehensive perspective that offers further reflection on the often-discussed and ever-relevant subject of China's economic rise.

The rise of China's economy keeps puzzling the intellectual minds. With clear and professional insights, the authors of the book systematically reveal the profound historical background, unique development path, and unparalleled characteristics of China's economic ascent compared to other countries. The rise of China's economy is a result of global trends, historical accumulation, the wisdom of civilization, as well as the collective labor, struggle, and creativity of the Chinese people under the state's leadership.

Contents:

• China's Economic Development from the Perspective of Structure Endogeneity (Justin Yifu Lin)
• Chinese-Style Market Economy: Perspective of Industrial Development (Wan-wen Chu)
• The Path of Chinese Modernization and Its World Significance (Yang Yao)
• 'Special Deals': The Informal Institutional Foundation of China's Economic Growth (Chong-En Bai, Chang-Tai Hsieh, Zheng Michael Song, and Xin Wang)
• China's Economic Transformation under Three-Sector Dualism (Fung Kwan)
• Why China's Economy Grew Rapidly? An Investigation Based on the East Asian Model (Deqiang Liu)
• The Next Phase of Economic Growth and Development in China (Ligang Song and Yixiao Zhou)
• From More Growth to Better Growth: The Challenge and the Way Out (Lok Sang Ho and Wing Lok Hung)
• From Imbalance to Rebalancing: Understanding China's Economic Development Path (Yuan Zhang)
• Is China an Opportunity for Industrialization in African Countries? (Kabinet Kaba and Mary-Françoise Renard)
• Industrial Policies in the Context of Great-Power Governance (Zhao Chen)
• Five Perspectives on China's Industrial Policies (Xiaohuan Lan)
• Multiple Policy Objectives and Local Government Behavior (Ying Fang and Qiang Wen)
• From an Entrepreneurial State to an Investor State: China's Semiconductor Industrial Policies (Tomoo Marukawa)
• Energy Transformation in the Context of Carbon Neutrality: From the Perspective of Technological Change and Green Finance (Shiyi Chen)
• Fiscal Incentive for Market Integration: Evidence from the Reform of Income Tax Sharing (Ziying Fan and Xiaochang Zhou)
• The Chinese-Style Macroeconomic Control: The Role of State-Owned Enterprises (Hongsheng Fang, Wen-Quan Hu, Ruhua Shi, and Xufei Zhang)
• What Makes China's Inflation So Different? (Qu Feng, Shihao Zhou, and An Dong)
• Innovation in China: Challenges and Opportunities (Yanrui Wu)
• Mass Entrepreneurship and Intellectual Property Protection in China (Naoki Murakami)
• Financing Difficulties of Small and Medium-sized Enterprises (SMEs) in China: A Theoretical Perspective (Zhiwei Xu and Haolin Bai)
• Economic Reform, Technological Progress, and Development of the Self-Employment Sector (Xinxin Ma)
• The China Effect: A Financial Perspective (Changyuan Luo, Mei Tao, and Xiang Shao)
• Marketizing China's Fusion Sector: Based on the US Lessons of Experience (Shuo Shi)

Readership: Advanced undergraduate and graduate students, researchers and practitioners in the fields of development economics, China studies, macroeconomics, financial markets and institutions.