China : Twenty Years of Economic Reform
Twenty Years of Reform outlines the experiences of China
over the past two decades. It highlights the processes of reform,
successes achieved, and problems faced during the economic transition.
"China, and its relations with the international community, have been
transformed. China's economy has expanded five times, and its foreign trade
by twelve. It has greatly increased consumption levels of what had been about
half of the world's people in poverty."
- Ross Garnaut
"Tremendous progress has been made over the past twenty years, but much
more needs to be done in setting up a more open, efficient and transparent
trade system, in line with the requirements of the WTO."
- Ligang Song
"Radical reform is neither in China's tradition, nor is it an easy task.
Given the difficulties of the reform task and the structure of the political
economy, it will probably take a few more years for China to accomplish SOE
reform and reforms in other areas."
- Yiping Huang
"The most remarkable aspect of China's agricultural reform was it's
"spillover" effect. Non-agricultural activities in rural China sprang up
immediately after the reforms began-the gross output value of TVEs grew at 24
per cent per annum from 1978 to 1995 and employment grew at 9 per cent per
- Yongzheng Yang