Making Sense of China's Economy av Tao Wang

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<P>For years, China¿s transformation from one of the world¿s poorest nations was lauded as a triumph that lifted hundreds of millions of people out of poverty. There were always questions about data reliability and growth sustainability, but the general views on China have recently taken a decidedly sour turn. Concerns abound about state interference in the economy, an ageing population, and high debt level. <I>Making Sense of China''s Economy</I> untangles China¿s complex economic structure, evolving issues and curious contradictions, and explains some key features of this most puzzling of global economic powerhouses. </P><P>This book reveals how factors such as demographics, the initial stage of development in 1978, the transition away from full state ownership and central planning, the dual urban-rural society, and a decentralised governance structure have combined to shape the economy, its development and its reforms. It shows how the pragmatic and adaptive nature of China¿s policy