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Introduction

  • Yazhuo Zheng
  • Kent Deng
Chapter
Part of the Palgrave Studies in Economic History book series (PEHS)

Abstract

This chapter aims to briefly introduce the aim of this book (to reveal what China is really like and how its systems work), the real factors for China’s growth and development, the role of the state in China’s economy and the reason why we focus our observation on the Northwest region.

In this chapter, it is demonstrated that the China economy is far from success. The party-state owns and allocates key resources including capital investment and mass consumption to generate fast growth. Although the outcomes are often negative, the party-state keeps doing so for continuously high growth, which gives the centralised state legitimacy. We can see the state’s role more clearly in the underdeveloped Northwest region.

Keywords

Keynesianism Coastal growth engine Northwest region Economic reform Economic growth Party-state China Model 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Yazhuo Zheng
    • 1
  • Kent Deng
    • 2
  1. 1.Beijing Enlightenment Institute for Economic and Social ResearchBeijingChina
  2. 2.London School of EconomicsLondonUK

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