China's Three Decades of Economic Reforms

In the thirty years since China initiated economic reforms and its open-door policy, China has been transformed from a poor nation almost completely isolated from the global economy to an engine of growth of the world economy. China’s dynamic transition has been among the most dramatic developments of recent history; and its economy continues to grow rapidly, with important consequences for China’s own society and environment, as well as for the wider world. This book provides a fascinating insight into a wide range of issues on Chinese economy and its three decades of economic reforms. With well-researched, in-depth and comprehensive coverage of key topics, using the latest research findings, this book covers Chinese monetary policy and financial sector reforms; China’s income disparities; the emergence of China’s business groups; the implications of foreign direct investment and innovation and technological developments. The book will be an indispensable guide to scholars, entrepreneurs, policy-makers and all who are interested in China’s economic affairs.

Table of Contents:
Part I: Overview 1: Success and Challenges: Overview of China’s Economic Growth and Reform since 1978 Part II: Financial Sector Reforms and Monetary Policy 2: Mission Completed or Problems Unsolved? A Policy Review of China’s Banking Reform 3: Entry Behaviour of Foreign Banks in the Chinese Banking Market 4: The Price-earning Ratios in Chinese Stock Market: an Empirical Investigation 5: Cost Efficiency Analysis in Banking Industries of Ten Asian Countries and Regions 6: An Analysis of Chinese Money and Prices Using a McCallum-type Rule 7: External adjustment failure and cross-currency speculation: Can China be affected? Part III: Economic Reforms and China’s Income Disparities 8: China's provincial disparities and the determinants of provincial inequality 9: Understanding the income inequality between inland and coastal China: A systematic perspective 10: Equipment Investment and Openness in China Part IV: Innovation, Corporate Governance and Productivity 11: International Knowledge Spillovers through Returning Entrepreneurs and Innovation in Chinese High-tech Small and Medium Enterprises 12: Corporate Governance and Technological Development in Chinese Firms 13: The limits to university-industry collaboration in Beijing’s science park - 14: How Does the Productivity of Foreign Direct Investment Spill over to Local Firms in Chinese Manufacturing? 15: Agricultural Labour and the Incidence of Surplus Labour: Experience from China during Reform Part V: The Emergence of China’s Business Groups 16: China’s Business Groups After Three Decades of Economic Reform: Diversified Conglomerates or Focused Industrial Groups? 17: Dynamics of Mergers and Acquisitions in the Electricity Industry in China: A Social Network Approach