Demystifying Chinas Economy Development

This book explains why Chinas opening-up policy can boost the rapid growth of its economy. Based on concrete facts and economic logic, it offers a brief introduction to the history of Chinas successful development, which has unprecedentedly helped improve peoples lives and community welfare over the past 30 years. In light of the newly emerging problems, the author assesses the different stages of Chinas economic development and new challenges, illustrating how the countrys sustainable growth could be achieved through further reforms so as to complete the transition from a middle-income to high-income country. He moves on to discuss the lessons learned from Chinas experiences and summarizes their significance for other developing countries, while also clarifying popular misconceptions such as the "China Menace" and "Theory of Chinas Collapse." Taking the logic of economic development as a basis and employing economic norm analysis methods, the book describes Chinas economic miracle in plain but vivid language and attempts to enrich the economic development theory through Chinas experience.