chapter  1
Growing with Chinese characteristics: an introduction
Pages 8

The dramatic takeoff of the Chinese economy during the last two decades of

the twentieth century has had significant impact on mankind in general and

the Chinese people in particular. This is because of the fact that one-fifth of the

earth’s inhabitants live in China and that the majority of them have now

climbed out of poverty. For the same reason, understanding China’s recent

economic success has occupied many authors in the profession. This book

contributes to the growing pool of papers in the literature. The objectives of

this introductory chapter are twofold: (a) to describe briefly the characteristics

of China’s growth in the past two decades; and (b) to introduce an outline of the