Assessing the Extent of China's Marketization

'This book documents clearly and thoroughly how far China has come in the past two decades from an old-style centrally planned economy to one where prices, wages, and production are determined by market forces. It will become a standard reference for all those interested in China's economic evolution.' Richard N. Cooper, Harvard University, USA This study provides the most comprehensive analysis available of China's transition to a market economy. It not only reviews the rising importance of the market in setting prices for goods, it explains the reforms that have supported the growing role of the market in determining wages and the price of land and more generally China's growing reliance on market-determined resource allocation.' Nicholas R. Lardy, Institute for International Economics, USA 'As China's global footprint expands, this wide-ranging and extensively documented volume will help outsiders understand how Chinese economists and policy analysts view their nation's growth process, institutional structure and reform agenda.' Thomas G. Rawski, University of Pittsburgh, USA '...this volume offers rich rewards for those seeking to identify recent changes in policies and institutions across a broad range of issues.' China Review International