The Chinese Economy in the 1990s

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This text provides an overview and some economic analysis of China’s economic reform experiences, particularly those since the late 1980s. It covers many institutional details of key aspects of the Chinese economy, including fiscal and monetary management, financial sector development, state enterprise reform, international trade, foreign investment, decentralization and regional development. It is argued that while China has achieved a spectacular growth record since 1980, and its reform efforts have successfully laid the foundation of a market based economic management system, the country continues to face major challenges in sustaining its growth performance.