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China's Great Economic Transformation Loren Brandt, Thomas G. Rawski
Publisher: Cambridge University Press

The story of China's impressive economic The transformation of China's industrial sector from one run by the state to a marketised or nearly marketised one is driven not only by economic policies but also by legal reforms that have occurred alongside. The Chinese are suckers for adjectives to describe and give power and eminence to their attributes, actions or constructions. The Great Economic Transformation! Every year over 200 million peasants flock to China's urban centers, providing a profusion of cheap labor that helps fuel the country's staggering economic growth. Rather, China's transformation is a wake-up call that we have to become more like them. Trains, planes, and automobiles: If Hu's interpersonal skills left something to be desired, he nonetheless presided over one of history's great economic transformations. Stories from the Front Lines of China's Great Urban Migration of eight such migrants—including a vegetable vendor, an itinerant knife sharpener, a free-spirited recycler, and a cash-strapped mother—offering an inside look at the pain, self-sacrifice, and uncertainty underlying China's dramatic national transformation. What the world needs now, in other words, is a second great transformation. No one foresaw that the “socialist modernization” that the post-Mao Chinese government launched would in 30 years turn into what scholars today have called China's great economic transformation. For China to continue its impressive economic growth, a great deal more reform of the formal legal and institutional bases for the market are needed in the coming decades. Shop Amazon: China's Great Economic Transformation New: $56.98 Used: $49.00 2013-06-05 17:38 PDT …of Chinese capabilities in manufacturing and in research and development. Mr Kaberuka noted however that despite strong economic growth, economic transformation remains a challenge for the continent.