The study decomposes the sources of Chinese growth by first making a distinction between technological progress and technical efficiency in the growth accounting framework, and then identifying a series of reform programmes, such as urbanization, structural change, privatization, liberalization,...

The phrase ‘New Normal’ captures the ongoing shift in the pattern and drivers of China’s economic growth. China’s new growth rate is both slower and imposing difficult structural change. These new economic conditions are challenging yet offer opportunities for China and its economic...

The year 2018 marks 40 years of reform and development in China (1978-2018). This commemorative book assembles some of the world's most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that...

Intro -- Figures -- Tables -- Contributors -- Acknowledgements -- Abbreviations -- Introduction -- 1. 40 years of China's reform and development: How reform captured China's demographic dividend -- Part I: The Chinese economic transformation -- 2. 40 years of Chinese economic reform and...

The great variety of topics in this year's Update allows readers to understand the current shape of the Chinese economy and to think deeply about policies and necessary reforms for future growth and development.