Introduction to the Chinese Economy: The Driving Forces Behind Modern Day China / Edition 1

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China’s economic juggernaut continues to astound the worldyear after year. Even in the face of the US financial crisis, Chinacontinued to drive strong economic growth. But what are the factorsbehind the success? This concise introduction to the modern Chineseeconomy from noted expert Rongxing Guo provides many of theanswers.

Based extensively on the author’s research, the bookanalyzes the social, economic, and political history of China andthe effect of reform at local, regional, and national levels. Inthe course of his analysis the author addresses both the positiveand negative consequences of the transformation.

Written by one of China’s top economic scholars, AnIntroduction to the Chinese Economy offers thereader fascinating insights into the most significanttransformational event of the 21st century. The book will be anessential resource for scholars, business people, policymakers, andgeneral audiences throughout the world. It is also suitable forclassroom use in undergraduate courses.

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What People Are Saying

From the Publisher
Professor Guo Rongxing delivers exactly what he promises: an introduction to the Chinese economy. But he touches all the right bases, and his explanations are always clear. The treatment is balanced, with appropriate historical perspective. The final chapter on fundamental issues in China's economic development is particularly thoughtful.

Richard C. Bush, Senior Fellow and Director, Center for Northeast Asian Policy Studies, The Brookings Institution, and Co-author of A War Like No Other: The Truth About China's Challenge to America

Teachers of introductory courses on the People's Republic of China will find this book very useful. It not only provides an introduction to the success of the world's most dynamic economy, it places that development in its social, cultural, and political contexts with a great deal of insight and erudition.

David S. G. Goodman, Professor of Chinese Politics and Director, Institute of Social Sciences, University of Sydney

An excellent overview of basic facts about China's economy, society, political system, government, geography and history.

— Pieter Bottelier, Economist and Senior Adjunct Professor, Johns Hopkins University

Professor Guo Rongxing uses events from Chinese history and concepts from Chinese philosophy to illuminate Chinese political economy, thereby adding an important, previously missing piece of the Chinese jigsaw puzzle and bringing a valuable Chinese perspective to understanding China.

Giles Chance, Visiting Professor, Guanghua Business School, Peking University
Author of
China and the Credit Crisis

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Product Details

  • ISBN-13: 9780470826041
  • Publisher: Wiley
  • Publication date: 8/24/2010
  • Edition number: 1
  • Pages: 256
  • Product dimensions: 5.81 (w) x 8.62 (h) x 1.05 (d)

Meet the Author

RONGXING GUO is currently a professor and Head of theRegional Economics Committee at the Regional Science Association ofChina at Peking University. He is also Visiting Fellow for ForeignPolicy at the Center for Northeast Asian Policy Studies, at theBrookings Institution.
Guo specializes in regional economics with an emphasis on Chineseeconomic issues and in cross-border and cross-cultural issues. Hehas over 20 years of experience in teaching and research in China,as well as in Australia, Japan, South Korea, Italy, Germany, andthe US. His recent research projects include cross-culturaleconomic management, intercultural economic analysis, cross-borderresource management, conflict management in disputed areas,economic growth and income distribution, and Chinese economicreform.
In 2008, Guo received an award for Outstanding Research in theNinth Global Development Conference held in Australia. He haspublished more than 20 books in both English and Chinese.

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Table of Contents

List of figures.

List of tables.

List of abbreviations.


Notes from the author.

Chapter 1: A brief history of China.

The origins of the nation.

Rise and fall of the empire.

China in the new millennium.

Chapter 2: Spatial and administrative divisions.

Administrative divisions.

Great regions.

Geographical belts.

Southern and northern parts.

Ethno-cultural areas.

Chapter 3: The foundation of the Chinese economy (I).

Land and water.

Minerals and energy resources.

Environmental quality.

Policy implications.

Chapter 4: The foundation of the Chinese economy(II).


Labor and education.

Technological innovation.

Cultural influence.

Chapter 5: Political and economic systems.

Party versus state.

State and market.

Market-oriented reform.

Enterprise management.

Finance and banking.

Future perspective.

Chapter 6: Economic growth and social justice.

Economic growth.

Regional economic differences.

How (un)equal is the Chinese society?

Poverty and social security.

Chapter 7: International economic engagement.

Historical background.

China opens its door.

Foreign direct investment.

Foreign trade.

Chapter 8: Studying Chinese economics: Key issues.

Why China has a collectivistic culture.

Why China adopted a gradual economic reform.

Why the Chinese economy cannot be spatially optimized.

Why China’s long-term growth isn’t sustainable.


A historical chronology.

China’s cultural similarity with your country.



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