The policy measures taken to date in the Asia-Pacific region are helping to cushion the blow of the global recession. Monetary and fiscal policy stimulus has been strong and there has been considerable attention given to strengthening the financial system. Questions, however, remain about how...

We will provide a survey as well as a preliminary analysis on Chinas economic reform. Section II provides a brief overview of Chinas economic development from 1949 to present. Section III analyses the economic reform in the early 1980s. The planned economy was not sustainable because the...