Publisher's Synopsis
This book is intended principally for foreign students who are studying in Chinese universities or in their home country to help them better understand the historical background, development process and overall features of the contemporary Chinese economy.In 1949, the People's Republic of China (PRC) was founded. Since then it has seen fast economic development which can roughly be divided into two stages: planned economy and market economy. China's economic development, especially the amazing achievements made after the adoption of the reform and opening-up policy - the so-called "Chinese Miracle", has attracted worldwide attention. This book objectively presents contemporary China's economic policies and practices in the course of transformation from planned economy to market economy with rigorous data and detailed information.With the rapid development, China has become the second large economy in the world. As the world integrates globally, more and more people are involved in this integration. However, they are lack of knowledge about China's economic policies. This book can help them better understand the historical background, the development process and the overall features of the contemporary Chinese economy.
