Introduction

Yazhuo Zheng and Kent Deng
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Yazhuo Zheng: Beijing Enlightenment Institute for Economic and Social Research
Kent Deng: London School of Economics

Chapter 1 in State Failure and Distorted Urbanisation in Post-Mao's China, 1993–2012, 2018, pp 1-11 from Palgrave Macmillan

Abstract: Abstract This chapter aims to briefly introduce the aim of this book (to reveal what China is really like and how its systems work), the real factors for China’s growth and development, the role of the state in China’s economy and the reason why we focus our observation on the Northwest region. In this chapter, it is demonstrated that the China economy is far from success. The party-state owns and allocates key resources including capital investmentcapital investment and mass consumptionmass consumption to generate fast growth. Although the outcomes are often negative, the party-state keeps doing so for continuously high growth, which gives the centralised state legitimacy. We can see the state’s role more clearly in the underdeveloped Northwest region.

Keywords: Keynesianism; Coastal growth engine; Northwest region; Economic reform; Economic growth; Party-state; China Model (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palscp:978-3-319-92168-6_1

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DOI: 10.1007/978-3-319-92168-6_1

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