Markets over Mao: The Rise of Private Business in China Lardy, Nicholas R Epub


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 							China's transition to a market economy has propelled its remarkable economic growth since the late 1970s. In
this book, Nicholas R. Lardy, one of the world's foremost experts on the Chinese economy, traces the increasing role of
market forces and refutes the widely advanced argument that Chinese economic progress rests on the government's control
of the economy's 'commanding heights.' In another challenge to conventional wisdom, Lardy finds little evidence that the
decade of the leadership of former President Hu Jintao and Premier Wen Jiabao (2003-13) dramatically increased the role
and importance of state-owned firms, as many people argue. This book offers powerfully persuasive evidence that the
major sources of China's growth in the future will be similarly market rather than state-driven, with private firms
providing the major source of economic growth, the sole source of job creation, and the major contributor to China's
still growing role as a global trader. Lardy does, however, call on China to deregulate and increase competition in
those portions of the economy where state firms remain protected, especially in energy and finance.
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