While it is now widely understood that China was the first globally significant economy to begin to recover from the crisis, critics nonetheless increasingly charge that the stimulus program has substantial flaws and that China's early economic recovery cannot be sustained. One prominent critic...

Cover -- Contents -- Preface -- Acknowledgments -- Introduction -- Ch 1. China's Response to the Global Crisis -- Critiques of the Stimulus Program -- Ch 2. Imbalances and Their Implications for China's Economy -- The Expenditure Approach -- The Production Approach -- The Income Approach -- The...

Gradual change has been a hallmark of the Chinese reform experience, and China's success in its sequential approach makes it unique among the former command economies. Since 1979, with the inception of the continuing era of reform, the Chinese economy has flourished. Growth has averaged nine...