China’s Economic Transformation Part 1: Economic Reform and Growth in China

The Hong Kong University of Science and Technology

In this comprehensive course, delve into the remarkable economic transformation of China, from a struggling socialist economy to an upper-middle income country and the world’s largest trading nation. Through engaging lectures and expert discussions, gain insights into the key economic reforms, fiscal and financial system reforms, globalization, sources of economic growth, governance challenges, and more.

By examining the origins and consequences of China’s reforms, assessing its integration into the global economy, and analyzing the sources of economic growth, you will develop a deep understanding of China’s economic journey. Furthermore, explore the governance challenges and economic policy dilemmas facing China in the present day.

  • Comprehensive exploration of China’s economic transformation
  • Insights into key economic reforms and their consequences
  • Examination of China’s integration into the global economy
  • Analyzing sources of economic growth and governance challenges

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China’s Economic Transformation Part 1: Economic Reform and Growth in China
Course Modules

China’s Economic Transformation Part 1: Economic Reform and Growth in China comprises six modules, providing a detailed exploration of China's gradualist reforms, fiscal and financial system reform, globalization, economic growth, governance challenges, and a final exam with course evaluation.

Orientation and Module 1: China’s Gradualist Reforms

Module 1 delves into China’s gradualist reforms, providing an introduction to institutional change, decollectivization of agriculture, the rise and fall of Township and Village Enterprises (TVEs), and the challenges posed by state-owned enterprises.

Module 2: Fiscal and Financial System Reform

Module 2 focuses on fiscal and financial system reform, covering topics such as fiscal decentralization, reforming the fiscal system, the soft budget constraint, and the implications of shadow banking.

Module 3: Globalization: Trade and Foreign Direct Investment

Module 3 explores globalization, trade, and foreign direct investment, analyzing China’s international trade performance and policies, the impact of trade on development, foreign direct investment, and the internationalization of the Renminbi.

Module 4: Economic Growth and Structural Change

Module 4 examines economic growth and structural change, delving into the sources of growth, structural change, resource misallocation, and productivity growth.

Module 5: Governance and Current Challenges

Module 5 addresses governance challenges and current issues, discussing China’s governance puzzle, incentivizing local leaders, economic challenges, the need for rebalancing growth, and the implications of rising wages.

Final Exam and Course Evaluation

Module 6 entails the final exam and course evaluation, allowing learners to apply their knowledge and assess their understanding of the course material.

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