This book first shows that the past 40 years of China's economic reform and opening up represents the greatest magnitude of economic growth in history. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China's economic reform and opening up, all in the area of the relationship between the government and the economy. First, the local governments need to be incentivized to help rapid entry and development of enterprises. Second, local governments need to be incentivized to help rapid land conversion from agricultural to non-agricultural. Third, financial deepening is vital; that is, inducing households to hold more and more financial assets in local currency. Financial deepening is essential to convert savings into investments. This requires financial stability, which is crucial. Fourth, the learning through opening up is the key to endogenous economic growth. The fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rationale is that enterprises compete with each other in games of industrial organization. In order to resolve this problem, proactive measures including market-oriented means, administrative orders and reform measures should be implemented. Overall, the main lesson from China's past 40 years of reform and opening up is that proper incentives and behavior of the government, local and central, are important for economic growth. China has been conducting reforms in this regard and as a result, the government more or less has been playing the role of a "helping hand" regarding economic growth, although China's economic system is far from perfect and many reforms are still needed.

The Fundamental Dynamic Effect on Reform and Opening in China is the seventh volume of the series China in the World. The year 2018 marks the fortieth year of China’s reform and opening. China’s reform and opening has involved many areas. This volume focuses on reform and opening’s dynamic mechanisms, but it also touches on how to look at some of the problems that these dynamic mechanisms face today. The articles in this volume explore the driving force of China’s reform and opening up from the perspective of institutional changes, such as the political economy of globalization and China’s options in response to globalization’s retrogression and the (re)construction of world order. What are the strategies for upgrading the competitiveness of an emerging major power? Why does world need a new concept of openness? What are the four major challenges for the world economy? How do Chinese scholars think in an “Anti-Globalization” environment?

This book first shows that the past 40 years of China's economic reform and opening up represents the greatest magnitude of economic growth in history. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China's economic reform and opening up, all in the area of the relationship between the government and the economy. First, the local governments need to be incentivized to help rapid entry and development of enterprises. Second, local governments need to be incentivized to help rapid land conversion from agricultural to non-agricultural. Third, financial deepening is vital; that is, inducing households to hold more and more financial assets in local currency. Financial deepening is essential to convert savings into investments. This requires financial stability, which is crucial. Fourth, the learning through opening up is the key to endogenous economic growth. The fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rationale is that enterprises compete with each other in games of industrial organization. In order to resolve this problem, proactive measures including market-oriented means, administrative orders and reform measures should be implemented. Overall, the main lesson from China's past 40 years of reform and opening up is that proper incentives and behavior of the government, local and central, are important for economic growth. China has been conducting reforms in this regard and as a result, the government more or less has been playing the role of a "helping hand" regarding economic growth, although China's economic system is far from perfect and many reforms are still needed.

This book focuses on an attractive theoretical subject as well as a practical issue, which analyses the inner relationship of economic growth and income distribution in China. During the forty years of China’s reform and opening up many influential changes occurred in the structure of the national income distribution, the mechanism of income distribution, and the policies of distributing income with the high-speed development of China. From historical and regional analysis, this book collects a good deal of data and objectively summarizes the practice and experience of renovation of income distribution in China. Based upon the summary and conclusion above, the book paraphrases and creates a conceptual mechanism, a basic theory, and a basic methodology of socialism with Chinese characteristics and discovers the internal rules of the changing relationship between high-speed economic development and income distribution in China to guide and facilitate the further improvement and innovative development of income distribution in China. Furthermore, the book enriches the political economy theory of socialism with Chinese characteristics in the aspect of practical experience, as well as theory.

This book collects articles on the achievements and experience of special economic zones during the China’s Reform and Opening-up in the past 40 years. The topics ranges from a historical summary of the development in special economic zones to its future prospect. Most of the articles analyze the policies applied for special economic zones and how they contributed to the economic growth, which provides the readers with an overview about how public policies helped cities develop. Some of the articles shift their focus to the role of special economic zones in larger area, i.e., Asia. These works exemplify the impact of China’s economic policies in long term. Moreover, the book includes the contribution of special economic zones to the economic development world-wide, such as places in Africa and areas of “One Belt One road”. Reader can benefit a thorough understanding of China’s special economic zones’ past and future through reading the book.

This book looks back to 40 years ago for the whole history of China’s reform and opening-up and focuses on the role change of China in the relationship with outside world. In the first half part, the author explores China’s economic reform and opening-up policy from theoretical analysis and systematic interpretation. In the second part, the author aims to present how China’s international roles have changed in recent years and the Chinese appeal and purpose of participating in and improving global governance procedure. The author answers the question of why China has obtained miraculous achievements after its reform and opening-up from academic perspective and provides representative cases with profound but not obscure theoretical interpretation. It is a must-read for anyone who is interested in contemporary China’s economy and foreign affairs.

This book is the first systematic China-based study on connectivity cooperation between China and Europe. It is packed with discussion of scholars not just from China, but also from Central and Eastern Europe on the origin and paradigm of China–European connectivity from a range of different perspectives. As a result of intensive coordination efforts, the study, co-edited by the Chinese Academy of Social Sciences and the Institute of International Politics and Economics in Serbia, aims at providing analyses of greater links between China and European countries heading into the future. Furthermore, this Cooperation is used as a special research case to showcase cooperation between China and Europe along with its achievements and challenges. This collection of essays is the fruit of extensive transnational efforts and will be a valuable resource for all those working in the areas of International Relations and Political Science with a focus on China and Europe.

This book reviews the development of Chinese economics since the reform and opening-up, associated with the history and experience of China's economic growth. This book makes a systematic study of the direction of reform, the method of reform, the path of reform, the main body of reform and the motive force of reform, accumulates more experiences that can be used for reference for the exploration of new reforms to be opened, and probes into the way of reform in the next period. The topics cover all key concepts and theories relating to the China's economic reform.

This book consists of studies on China’s economic development since China carried out the reform and opening-up strategy, including China’s economic restructuring, economic operational mechanism, socialist market economy, inflation, the reform of the urban housing system, the economic impact of WTO entry, the future potential growth rate, global economic governance, structural fiscal and taxation reforms, the rapid growth of China’s financial industry, and more. These studies explores China’s successful experience of economic growth in the past and will shed some light on China’s economic development in the future, providing value to economists and Chinese scholars.