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      State intervention, ownership and state enterprise reform in China
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      Chapter

      State intervention, ownership and state enterprise reform in China

      DOI link for State intervention, ownership and state enterprise reform in China

      State intervention, ownership and state enterprise reform in China book

      State intervention, ownership and state enterprise reform in China

      DOI link for State intervention, ownership and state enterprise reform in China

      State intervention, ownership and state enterprise reform in China book

      ByJustin Yifu Lin
      BookBusiness, Markets and Government in the Asia-Pacific

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      Edition 1st Edition
      First Published 1998
      Imprint Routledge
      Pages 16
      eBook ISBN 9780203027332
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      ABSTRACT

      Since the commencement of economic reforms in 1979, China has moved away from traditional central planning and has become the fastest growing economy in the world. GDP averaged 9.8 per cent annually in the period 1979-95. Along with rapid economic growth, the living conditions of ordinary people have improved substantially. The average growth rate of real per capita consumption rose from 2.2 per cent in 1952-78 to 7.4 per cent in 1978-94. Despite such achievements, however, the Chinese economy in the reform period has been troubled by the recurrence of a ‘boom-and-bust’ cycle that has threatened the stability and sustainability of China’s economic growth (see Figure 4.1).

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