China’s 40 Years of Economic Reform and Development

1. Front Matter

   Pages i-lxiv

   PDF

2. Reform and Opening Up

   1. Front Matter

      Pages 1-1

      PDF

   2. The Mixed-Ownership Joint Stock System Is a Major Way to Realize Public Ownership

      • Xinli Zheng

      Pages 3-9

   3. The Mainstay that Successfully Dealt with the International Financial Crisis

      • Xinli Zheng

      Pages 11-18

   4. Adhering to the Strong Engine of the Expedited Innovation Reforms

      • Xinli Zheng

      Pages 19-26

   5. Balancing the Government-Market Relationship Is Instrumental for Economic Structural Reform

      • Xinli Zheng

      Pages 27-35

   6. Building Consensus on Reform by Changing the Growth Model

      • Xinli Zheng

      Pages 37-52

   7. Suggestions on Building an Asian Infrastructure Investment and Financing Institution Led by China

      • Xinli Zheng

      Pages 53-60

   8. The Roadmap for the Reform of the Financial System

      • Xinli Zheng

      Pages 61-69

   9. Keeping Reform Oriented Toward a Socialist Market Economy

      • Xinli Zheng

      Pages 71-78

   10. Establishing an International Reserve Currency System with Checks and Balances

       • Xinli Zheng

       Pages 79-85

   11. Giving Play to New Development Engines Through Reform and New Breakthroughs

       • Xinli Zheng

       Pages 87-94

   12. Getting Rid of Misconceptions on the Deepening of SOE Reform

       • Xinli Zheng

       Pages 95-102

   13. Exploring Building of New-Type Think Tanks with Chinese Characteristics

       • Xinli Zheng

       Pages 103-111

   14. Enhancing the Systematicness, Integrality, and Cooperativity of Reforms

       • Xinli Zheng

       Pages 113-119

3. The Development Pattern

   1. Front Matter

      Pages 121-121

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   2. Transforming the Development Pattern Is the Fundamental Approach for Dealing with the Crisis

      • Xinli Zheng

      Pages 123-128

   3. Taking Measures to Increase the Share of Resident Income in GDP

      • Xinli Zheng

      Pages 129-131

   4. Enhancing the Role of Consumption in Boosting Economic Growth

      • Xinli Zheng

      Pages 133-142

   5. Promoting Economic Growth by Improving People’s Livelihood

      • Xinli Zheng

      Pages 143-147

This book aims to explain the secret to China’s rapid growth over the last 40 years from the viewpoint of a firsthand witness. Zheng Xinli was enrolled as a graduate student of economics 40 years ago, at a time when very few Chinese people could enroll in higher-level education, let alone graduate school. Since 1978, he has been engaged in the study of macroeconomic theory and economic policy. He has worked with the economic group of the Research Section of the Secretariat of the Central Committee of the Communist Party of China, the State Information Center, and the Policy Research Office of the State Planning Commission, as well as other organizations. His work serves to help Chinese leaders in making economic decisions. In 2013, Zheng Xinli appeared on the list of China’s Top Ten Economists. With the addition of several up-to-date articles, this book is mainly a condensed version of a 16-volume collection of essays selected from among the more-than-500 articles published by Zheng between 1981 and 2016. Addressing some of the major issues in China, namely, Reform and Development, Development Patterns, Macro Regulation, Balanced Urban and Rural Development, Innovation, and Industry Revitalization, the book, as Zheng himself puts it, visualizes the birth process of different policies and measures which have catered to the different stages of reform. As an insider, and also partly as a designer and architect, Zheng Xinli provides readers with a view of China’s reform from the top. 

• China economy
• reform and development
• rapid growth
• industry revitalization
• development pattern

• China Center for International Economic Exchanges, Beijing, China

  Xinli Zheng

Zheng Xinli is a well-known economist, professor and doctoral tutor, currently serves as Vice Chairman of the China Center for International Economic Exchanges. 
Prof. Zheng has been engaged in the study of macroeconomic theory and economic policies for a long time. From August 1978 to August 1981, he studied in the Industrial Economics Department of Graduate School, Chinese Academy of Social Science and obtained a master degree in economics. From August 1981 to December 1987, he worked in the economic group of Research Section of the Secretariat of the Central Committee of the Communist Party of China (CCCPC), as a division-level investigator and Deputy Group Leader of the economic group. From December 1987 to July 1990, he worked as Deputy Chief Economist in the State Information Center. From July 1990 to June 2000, he worked as Deputy Director, Director, Deputy Secretary General and Press Spokesman successively in the Policy Research Office of the State Planning Commission. From June 2000 to April 2009, he worked as Deputy Director of Policy Research Office of the CCCPC. He was also Vice Director of 11th CPPCC Economic Committee. From October 2014 till now, he is Executive Vice President of the China Urban-townization Promotion Council, which he initiated. 

Policies and ethics