Jiangsu-Zhejiang model and the nationwide development of the private sector in China

Zhikai Wang ()
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Zhikai Wang: College of Economics, Zhejiang University, Hangzhou 310027, China

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2009, vol. 4, issue 2, 292-316

Abstract: Along with the implementation of reform and open up policy in China, Jiangsu and Zhejiang, two provinces have got rapid economic development and greatly contributed to China¡¯s market transition. Jiangsu, Zhejiang together with Shanghai, have shaped China¡¯s economic heartland¡ªthe Yangtze River Delta Economic Region. Undoubtedly, the private sector is the driving force for the tremendous economic development in the Yangtze River Delta, particularly for facilitating institutional transition and economic development. Fortunately, this kind of economic development driven by the private sector was not only restricted in the Yangtze River Delta Region, but also across the country as it has been gradually extended nationwide. This paper is to look at the development of the private sector in Jiangsu and Zhejiang areas and particularly trace its fantastic effects on nationwide economic development and market transition.

Keywords: Jiangsu-Zhejiang model; nationwide development of the private sector; industrialization stories; New Oriental fairy tale (search for similar items in EconPapers)
JEL-codes: D20 L16 R11 (search for similar items in EconPapers)
Date: 2009
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