An Introduction to the Chinese Economy: The Driving Forces by Rongxing Guo

By Rongxing Guo

This accomplished evaluation of the trendy chinese language economic system through a famous professional from China deals a top quality and breadth of insurance. during this ebook, the writer offers an creation to China's economic system when you consider that 1949 and unique insights according to his personal broad study. The booklet units out to investigate and examine the operational mechanisms of the chinese language financial system among the pre- and post-reform sessions and during nationwide, local and native dimensions. either optimistic and damaging results of the chinese language financial transformation were clarified. A multiregional comparability of the chinese language economic climate is performed when it comes to average and human assets, institutional evolution, in addition to monetary and social performances. finally, a few key matters in relation to the inherent operational mechanisms of and the dynamic styles of the chinese language financial system also are mentioned.

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Extra resources for An Introduction to the Chinese Economy: The Driving Forces Behind Modern Day China

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3 tons of coal reserves in order to produce one ton of raw coal. 25 tons of reserves. According to a report released by the Chinese Academy of Social Sciences, the mining recovery ratio has been less than 44 percent in China’s large state-owned coal mines and only 10 percent in the small and private coal mines; by contrast, those in developed nations including Australia, Canada, Germany, and the US reportedly achieve figures as high as 80 percent (Cui 2007). The Chinese government has planned to raise the average recovery ratio of coal exploitation from the current figure of 30 percent to at least 50 percent by 2010 (Si 2008).

Territory, Resources, and Regional Development (in Chinese). Beijing: People’s Education Press, 1987, pp. 4–8, for the monetary values of 45 major minerals. 1 Spatial distribution of major mineral resources in China Northwest is the only region that is modestly rich in coal, hydropower, petroleum, and natural gas. Coal resources are concentrated in the North and Northwest regions, around 600–1,000 km away from the most industrialized provinces and municipalities in the Southeast. Coal is transported mainly by train, and it accounts for more than 40 percent of the country’s rail freight.

The first-class administrative divisions include provinces, autonomous regions, and municipalities directly under the central government. The second-class administrative divisions refer to prefectures, autono­ mous prefectures, municipalities, and other prefecture-level adminis­ trative divisions. The third-class administrative divisions relate to counties, autonomous counties, and other county-level administrative divisions. An organizational pattern involving more classes of administrative divisions has been generally known to have a lower level of administrative efficiency.

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