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How Reform Worked in China – The Transition from Plan to Market - MIT Press Scholarship Online
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How Reform Worked in China: The Transition from Plan to Market

Yingyi Qian


As China has transformed itself from a centrally planned economy to a market economy, economists have tried to understand and interpret the success of Chinese reform. As the Chinese economist Yingyi Qian explains, there are two schools of thought on Chinese reform: the “School of Universal Principles,” which ascribes China’s successful reform to the workings of the free market, and the “School of Chinese Characteristics,” which holds that China’s reform is successful precisely because it did not follow the economics of the market but instead relied on the government. In this book, Qian offers ... More

Keywords: Economics, Chinese, Market liberalization, Growth, Transitional economies, Fiscal incentives, Intergovernmental relations, Development, Political economy, Dual track

Bibliographic Information

Print publication date: 2017 Print ISBN-13: 9780262534246
Published to MIT Press Scholarship Online: May 2018 DOI:10.7551/mitpress/9780262534246.001.0001


Affiliations are at time of print publication.

Yingyi Qian, author
Tsinghua University 

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