Emerging Markets: Reform and Development in China

As an emerging market economy, China has been the fastest-growing major nation for the past quarter of a century. The rapid economic growth of China results in enormous market capacity and potentials for further growth. Undoubtedly, it is ascribed to the continuous market-oriented economic reforms in various fields of China. The economic entity behaviors are becoming increasingly regularized, tending to follow or be guided by the market economy principles. The enterprises, even the state-owned ones, make their own production and operation decisions gearing to market demands instead of the administrative arrangements. This book presents an objective analysis on China’s economic reform and practices in these fields.