By Rongxing Guo
This finished evaluate of the trendy chinese language financial system via a famous professional from China bargains a top quality and breadth of assurance. during this publication, the writer presents an creation to China's financial system considering that 1949 and unique insights in keeping with his personal broad study. The publication units out to investigate and examine the operational mechanisms of the chinese language economic system among the pre- and post-reform sessions and during nationwide, neighborhood and native dimensions. either optimistic and damaging effects of the chinese language monetary transformation were clarified. A multiregional comparability of the chinese language economic climate is carried out when it comes to usual and human assets, institutional evolution, in addition to financial and social performances. ultimately, a few key concerns in terms of the inherent operational mechanisms of and the dynamic styles of the chinese language financial system also are mentioned.
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Extra info for An Introduction to the Chinese Economy: The Driving Forces Behind Modern Day China
55 quadrillion BTU in 1980, creating an ever-growing oil shortage. 7 million barrels per day (EIA 2006). That is to say, more than 80 percent of China’s oil demand should be met by either imports or technological substitution. The government hopes to reduce the share of thermal power in its power generation mix through the construction of large hydroelectric dams. The main hydroelectric dams are Gezhouba Dam in Hubei province, followed by Liujiaxia Dam in Gansu province, Longyang Dam in Qinghai province, Manwan Dam in Yunnan province, Baishan Dam in Jilin province, and so on.
GREAT REGIONS When the PRC was founded on October 1, 1949, the Chinese economy was managed through six great administrative regions (North, North east, East, Central South, Southwest, and Northwest). With the excep tion of the North region, which was under the administration of the central government, the other ﬁve great regions also had their own governmental bodies in charge of agriculture and forestry, industry, public ﬁnance, trade, and so on. In 1954, the six great administrative regions were abolished and, three years before their ﬁnal reorganization in 1961, seven cooperative commissions were established in the North, Northeast, East, Central, South, Southwest, and Northwest regions.
Air Recent decades have seen a worsening of China’s air quality, particularly in urban areas. According to European satellite data, pollutants in the sky over China have increased by about 50 percent between 1995 and 2005. The Foundation of the Chinese Economy (I) 43 The satellite data also revealed that the city of Beijing—China’s capital— is one of the worst environmental victims of China’s spectacular economic growth, which has led to air pollution levels that have been blamed for more than 400,000 premature deaths a year.
An Introduction to the Chinese Economy: The Driving Forces Behind Modern Day China by Rongxing Guo