Yasheng Huang, Capitalism with Chinese Characteristics: Entrepreneurship and the State

摘要

The remarkable economic success of China, with average growth rates in the double-digits for the past 30 years, has been impressive, but the factors driving such growth remain debatable. Huang's new book tackles the question: what mechanisms have allowed China to grow so quickly? Huang argues that in the 1980s, China moved toward a form of entrepreneurial capitalism marked by rural policy bias, financial liberalization, and security of proprietors. In the 1990s, China switched to state-led