Stable Expansion for the Chinese Economy: Lessons from International Experience

Lawrence Klein

Chapter 12 in Asia-Pacific Transitions, 2001, pp 155-168 from Palgrave Macmillan

Abstract: Abstract With some brief interruptions, economic development of China has proceeded on a remarkably steady path, ever since the time of reform, 1978. That makes the period just short of two decades, a long period of significant expansion on a world scale, yet one that has not yet come to a concluding phase of high living standards for the very large population. China is becoming an industrial nation at a high level on an international scale, but not yet in a class with the most advanced industrial nations and not yet in a mature phase of industrial development.

Date: 2001
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DOI: 10.1057/9780230628458_12

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