Purpose – The purpose of this paper is to reargue the great controversies surrounding marketization, by the concept of intrinsic value and to give a panorama of China's marketization and social development during last 30 years. Design/methodology/approach – The concept of intrinsic value is...

Purpose – The purpose of this paper is to reargue the great controversies surrounding marketization, by the concept of intrinsic value and to give a panorama of China's marketization and social development during last 30 years. Design/methodology/approach – The concept of intrinsic value is...

Regional disparities in China have recently attracted the attention of economists both inside and outside China. In particular, researchers and policy makers are concerned with how economic reforms have affected regional disparities in China. As a result, there has been a boom in the literature....

Economic reforms and the subsequent growth in income have brought great changes in the distribution of wealth and consumers’ behaviour in China. In particular, the emergence of the “new rich” has important social and economic implications for China as well as the rest of the world....