UNDERSTANDING CHINA'S ECONOMY
by Gregory C Chow (Princeton University)
About the Author Gregory C Chow is Professor of Economics, Class of 1913 Professor of Political Economy, and Director of the Econometric Research Program at Princeton University. Educated at Cornell and the University of Chicago, he is the author of six books and over 140 articles, specialising in econometrics, dynamic economics, and the Chinese economy, with which he has a long-standing involvement. Prof Chow has served an several committees on Sino-American economic exchanges and has been an advisor to government figures and institutions in China and Taiwan. He is recognized for his contributions to developing and modernizing economics education in China, where he holds honorary posts at two universities.
In the early 1990's, the world began to recognize China as a rising economic power to reckon with. China's economy is dynamic — her human and natural resources are plentiful and her economic growth has been well sustained over the last 16 years. In fact, some have predicted that by the year 2020, China's economic output will be close to half that of the US. It is undeniable that China will be an economic giant, if she is not already one today.
In this book, the author has traced China's economic development over the last 16 years. The steps and characteristics of China's economic reform are detailed. The prospects for China's economic growth are studied. The author also attempts to analyze topical issues pertaining to China's economic relations with the US and her integration with the other Asian economies. This book provides the interested reader with a bird's eye view of the Chinese economy over the last 16 years. Most chapters are written for the general reader, while a few are for professional economists. For the questions it answers or for those that it raises, this is an important book to read.
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