China’s 40 Years of Reform

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This book focuses on the key issues around Chinese reform in the past 40 years, including economic structure upgrading, finance reform, enterprise ecology, village modernization, ecological development, income structure, global governance, BRI, and governance model. It collects the most important concerns and reveals the deep logic behind the reform. By reading this book, it helps readers to grasp the engine of China’s continuous growth toward modernization in the four decades.

Author(s): Wei Liu
Series: Understanding China
Publisher: Springer
Year: 2023

Language: English
Pages: 171
City: Singapore

Preface
Contents
Introduction China’s Reform and Opening-up from a Historical and Global Perspective
1 The World-System and China’s “Four 40 Years”
2 China’s Phase of Rapid Growth from a Global Perspective
3 The Global Significance of China Entering a Stage of High-Quality Development
4 China Will Lead a New Stage in World History
References
From Adjustment to Innovation: How China’s Economic Structure Has Been Upgraded
1 Economic Restructuring: Policy Emphasis Since 1978
2 Optimization and Upgrading: The Evolution Path of Industrial Mix
3 The New Normal: Opportunities and Challenges in Structural Transformation
4 “Innovative Competition” Requires Stock Innovation and New Economic Drivers
References
From Flat Ground to Tall Building: How China’s Finance Rises
1 Starting from Scratch: Development in Tandem with Reform
1.1 Financial Development After 1978 to the Early 1990s
1.2 Financial Development From 1993 to 2012
2 From One to Many: Striving to Create a New Situation in Building a Modern Financial System
2.1 Deepening the Reform of the Banking Sector
2.2 Steadily Advancing the Reform to Make the Interest Rate Market-Determined
2.3 Making Key Advancements in Making the RMB an International Currency
3 From One to Many: Key Points and Difficulties in Building a Multi-Level Capital Market
3.1 The Necessity of Developing a Multi-Level Capital Market in China
3.2 Three Difficulties and Risks for China to Build a Multi-Level Capital Market
4 The Road to a Financial Power
4.1 The Necessity of Becoming a Financial Power
4.2 China’s Strategic Layout for Becoming a Financial Power
From an Auxiliary Role to a Central Role: How to Shape Enterprise Ecology
1 Decoding the Meaning of the Era of “Market Anxiety”
2 Exploring How the Relationship Between Government and Enterprises Changed in the Past Four Decades
3 Two Dimensions of Enterprise Reform
4 Enterprise Ecology in the Modern Economic System
References
From “Division of Land” to Revitalization: How Chinese Villages Achieve Modernization
1 “Emancipation” and China’s Rural Reform
1.1 Agricultural Production After the Founding of the New China
1.2 Farmers’ Living Standards After 1949
2 The Road from Land Contracting to Urbanization
2.1 The Emergence of the Contract System with Remuneration Linked to Output
2.2 The Gradual Emergence of Issues Related to Agriculture, Rural Areas, and Farmers
3 Key Points and Difficulties on the Road to Prosperity for All
3.1 Restrictions Posed by Traditional Agricultural Production Methods
3.2 Insufficiency of Financial Support Policies for Traditional Agriculture
3.3 Changes in the Rural Population Mix
4 Revitalizing Rural Through Financial Means
4.1 The Necessity of Rural Financial Reform
4.2 Effective Solutions to Financial Innovation and Issues Related to Agriculture, Rural Areas, and Farmers
From Green Water to Golden Mountains: The Evolution of Ecological Development
1 The Deepening of the Green Concept
2 Continuous Strengthening of Green Institutions
2.1 The State Council Environmental Protection Leading Group → State Environmental Protection Administration (Non-independent)
2.2 State Environmental Protection Administration (Vice-Ministerial Level Directly Affiliated to the State Council) → State Environmental Protection Administration (Ministerial Level Directly Affiliated to the State Council)
2.3 Ministry of Environmental Protection (A Department at the Ministerial Level of the State Council) → Ministry of Ecology and Environment (A Department at the Ministerial Level of the State Council)
3 Continuously Strengthening Green Governance
4 Continuous Improvement of Green Development
From “Taking the Lead to Achieving a Better Quality of Life” to Fairness: The Road to Optimizing the Income Structure
1 For the World’s Largest Middle-Income Community
2 The Course of Income Distribution Reform
3 Incremental Reform: Expanding the Middle-Income Community
4 Stock Reform: Upgrading the Income Structure and Narrowing the Wealth Gap
References
From Docking to Leading: Road to the Center Stage of Global Governance
1 China and the World in the Historical Dimension
1.1 1978–2000: From Prudent Participation to Full Participation
1.2 2001–2013: Deep Participation and Reform
1.3 2013 to Present: Actively Leading the Transformation of Global Governance
2 China’s Views on and Propositions to the World
2.1 An Outlook on Global Governance that Advances with the Times
2.2 Reasons for the Change of Ideas
3 Opportunities and Challenges Facing China in Its Participation in Global Governance
3.1 The Road to Global Governance with Both Opportunities and Challenges
3.2 The Friction Between China’s New and the West’s Old Outlooks on Governance
3.3 China’s International Discourse Power is Weak, and Its Discourse Ability Lags Behind Its Ability to do Things
4 How China Leads Global Governance in the New Era
4.1 Relying on International Organizations to Reshape Its International Discourse System
4.2 Attach Great National Strategic Importance to the Training of Talents in International Organizations
4.3 Improve the Ability to Shape and Communicate International Discourse
References
From Initiative to Networking: The Belt and Road Initiative (BRI) Reshapes the Road of World Development
1 The BRI Implies Open Development
2 China’s Contribution to World Development and Cooperation
2.1 40 Years of “Bringing in”
2.2 40 Years of “Going Global”
2.3 40 Years of Development and Cooperation
3 The BRI Promotes a Global Governance Featuring Open Development
4 Towards a “Broader, Wider, and Deeper” BRI
4.1 A Broader Scope
4.2 A Wider Area
4.3 A Deeper Degree
4.4 We Must Be Prepared to Overcome Difficulties
From Processing to Importing: The Transformation of the Opening-Up Pattern
1 From “Processing Raw Materials on Clients’ Demands, Assembling Parts for the Clients, and Processing According to the Clients’ Samples” to the World Industrial Center
2 The Current International and Domestic Trade Layout
3 The Transformation of China’s Import and Export Layout and Policy Adjustment
3.1 Formulate Suitable and Appropriate Trade Policies at the Macro Level
3.2 Continue to Deepen the Reform of the Trade Structure
3.3 Make the Development of Import and Export Balanced
3.4 Promote Trade Liberalization
4 The People’s Needs for a Better Life and the New Pattern of Full Opening-up
From Digital China to Reform of Party and Government Institutions: The Wisdom of Modernizing the Governance Model
1 Institutional Reform, the Relationship Between Digital China and National Governance
1.1 The Campaign of Big Data Development is an Important Path for Building a Digital China
1.2 Building a Digital China is the Backbone of Modernizing the Governance Model in China
1.3 Deepening the Reform of Party and Government Institutions is a Prerequisite to Modernizing the Governance Model in China
2 The “Digitalization” Process in Modernizing the Governance Model
3 Looking at the Deepening Reform of Party and Government Institutions from the Context of the Big Data Era
4 Building Government Leadership Sustainably and Stably
Reference
Postscript