Problems In Chinas Transitional Economy

Download or read book Problems in China's Transitional Economy written by Xiaobo Hu and published by World Scientific. This book was released on 1998 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: 1997 saw a major reform in China which signaled the move away from its traditional economy, when Jiang Zemin called off the debate on public versus private ownership. However, none of the existing theories can fully explain the transformation of the property rights system during the post-Mao reforms. The first part of this volume will reconceptualize the property rights reform in post-Mao China to provide a political economy explanation of why the transformation of property rights in China appears piece-meal.The success of the post-Mao reforms can be attributed to China's ability to integrate the experience of a variety of transition models. The second part of the paper investigates two distinct transition models, in light of the lessons from current Vietnamese reform. It explores the dynamics of political actions and analyzes the political reasons for economic reform.