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Zhu Rongji And China's Economic Take-off

2016-04-25 Business & Economics
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Release : 2016-04-25
Genre : Business & Economics
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Book Rating : 840/5 ( reviews)

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Book Synopsis Zhu Rongji And China's Economic Take-off by : John Wong

Download or read book Zhu Rongji And China's Economic Take-off written by John Wong. This book was released on 2016-04-25. Available in PDF, EPUB and Kindle. Book excerpt: Following Deng Xiaoping's economic reform and opening (Gaige Kaifang) policy, China experienced unprecedented high growth for over three decades. Crucial in the process was the role of Zhu Rongji, who was hand-picked by Deng initially as Executive Vice-Premier and later full Premier to carry through the needed reform and manage the critical marketization process through the turbulent 1990s when China's economy suffered many ups and downs. Dubbed as China's 'Economic Czar', Zhu tackled many thorny problems associated with the country's then half-reformed economy ably and effectively, thereby laying the ground for subsequent periods of greater dynamic growth. Zhu was instrumental in preparing China's economy for its final take-off.The chapters in this volume were originally written as 'policy briefings' for the Singapore government from 1997 to 2003 when Zhu was Premier. They cover a wide variety of topics including how he had applied his own way of 'macroeconomic control' (Hongguan Tiaokong), how he went about reforming taxation, foreign exchange and state-owned enterprises, and finally his embrace of capitalism. Each chapter is preceded by a detailed introduction highlighting the main issues and interpreting them from today's perspective based on updated information and additional new research.

Zhu Rongji and The Transformation of Modern China

2002 Business & Economics
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Release : 2002
Genre : Business & Economics
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Book Rating : /5 ( reviews)

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Book Synopsis Zhu Rongji and The Transformation of Modern China by : Laurence J. Brahm

Download or read book Zhu Rongji and The Transformation of Modern China written by Laurence J. Brahm. This book was released on 2002. Available in PDF, EPUB and Kindle. Book excerpt: China's astonishing transformation from a centrally planned to a market economy was one of the most remarkable stories of the twentieth century. It has set the stage for what many see as a period of unparalleled future growth. During this spell of delicate and risk-fraught economic transition, one defining figure stands out as the true driving force - Zhu Rongji. A remarkable visionary, Zhu has consistently refused to follow the conventional wisdom of established economics. Instead, he has developed a unique approach for a unique situation. Author Laurence Brahm tells the inside story of Zhu's rise to power, the political obstacles that he has overcome and the policies that he has engineered to set China on a new path. While other developing countries such as Russia, have floundered badly, China continues to excite the world with its phenomenal growth. Brahm skillfully argues that Zhu's policies of managed marketization deserve international recognition as a new economic model for both developing and transitional economies. In Zhu Rongji and the Transformation of Modern China, Laurence Brahm provides a fascinating inside account of the man dubbed an "economic czar" by many western commentators. This is the untold story of Zhu and his strategies, and the key events that have shaped China into a modern nation and economic powerhouse.

China's Economic Reform

2000-02-28 Business & Economics
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Release : 2000-02-28
Genre : Business & Economics
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Book Rating : 265/5 ( reviews)

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Book Synopsis China's Economic Reform by : Raphael Shen

Download or read book China's Economic Reform written by Raphael Shen. This book was released on 2000-02-28. Available in PDF, EPUB and Kindle. Book excerpt: Both Mao Zedong and Deng Xiaoping drastically altered the course of contemporary China's economic development using opposing strategies. Mao froze China's economic system in a perennial state of consumer goods shortages and pervasive macro disequilibria. Deng, however, began thawing a rigidly structured system by introducing experimental reform measures. Mao's revolutionary rhetoric brought China's economy to the brink of bankruptcy. Deng's ideological pragmatism netted China glowing successes. Mao closed China to the outside world. Deng engineered China's reintegration into the world economy. Dismantling a dysfunctional system and replacing it with a dynamic new one involving 1.2 billion people is risk-laden. Reform in China began in 1978. It was tentative and experimental, confining reform to organizational and administrative decentralization on farms. Successes on farms ushered in reform elsewhere in the economy. Over time, market-based coordinating mechanisms progressively began replacing the system's control devices. Results from decentralization internally reinforced those from liberalization externally. This consequently transformed China's stale, distorted system into a more competitive, bustling new one ready for developmental takeoff. Its meteoric rise among the world's leading markets in recent years has thrust China's economy to the forefront of growth and development. Controlled, phased reform is yielding dividends, not only for its own consumers but for international economic cooperation and growth as well.

Political Economy Of Deng's Nanxun, The: Breakthrough In China's Reform And Development

2014-03-12 Business & Economics
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Release : 2014-03-12
Genre : Business & Economics
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Book Rating : 401/5 ( reviews)

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Book Synopsis Political Economy Of Deng's Nanxun, The: Breakthrough In China's Reform And Development by : John Wong

Download or read book Political Economy Of Deng's Nanxun, The: Breakthrough In China's Reform And Development written by John Wong. This book was released on 2014-03-12. Available in PDF, EPUB and Kindle. Book excerpt: This volume is about the political economy of Deng Xiaoping's Nanxun (tour of South China), which was the most critical phase in China's reform and development since 1978. The first round of Deng's reform resulted in high growth through the 1980s. However, it created a messy half-reformed economy with many problems, including the Tiananmen incident. The immediate aftermath of the Tiananmen was collapse of economic growth and reform deadlock. To break out from this low-level “reform-growth trap”, Deng decided to launch the Nanxun, not just to reignite the reform but also to complete China's march towards a market economy. Looking back, the Nanxun led to the most crucial reform breakthrough, which, in turn, sparked off a dynamic reform-growth-nexus for China's eventual economic take-off.The chapters in this volume were originally “policy reports” on China, meant for the Singapore government. These reports were written based on the information available at that time, and reflected the prevailing political mood.Each chapter is accompanied by a detailed introduction that is aimed at providing a broad background for readers to better understand the Nanxun period. The introduction also serves as a post-evaluation of the events based on new information, and shows how those events have evolved over the years. In combination, these chapters should piece together a reasonably realistic picture of the basic politics and economics of the crucial Nanxun period.

Zhu Rongji on the Record

2015-01-08 Political Science
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Release : 2015-01-08
Genre : Political Science
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Book Rating : 295/5 ( reviews)

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Book Synopsis Zhu Rongji on the Record by : Rongji Zhu

Download or read book Zhu Rongji on the Record written by Rongji Zhu. This book was released on 2015-01-08. Available in PDF, EPUB and Kindle. Book excerpt: China's explosive transformation from a planned economy to a more market-oriented one over the past three decades owes much to the charismatic reformer Zhu Rongji. As China's premier from 1998 to 2003, Zhu displayed a pragmatism and strong work ethic that have been key forces in China's drive to greater modernization and global stature. During this time, Zhu embarked on a plan to reduce the size of government and reform the heavily indebted banking system and state-owned enterprises as well as to overhaul the housing and health care systems. His sweeping efforts ranged from lobbying for the establishment of stock exchanges to revitalizing agriculture through the introduction of a modern grain market. The ramifications of these reforms are still being felt throughout China and the globe, and The Road to Reform provides a real-time look at these plans as they were being formulated during the 1990s to the early 2000s. The second of a two-volume collection containing more than 100 speeches and personal papers by Zhu, this volume is a revealing and insightful look at Zhu's thinking and will lead to greater understanding of one of the world's two largest economic powers.

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