Klappentext: China's recent evolution is not only a story of extraordinary economic growth but also a story of great institutional change. Fan Zhang challenges traditional theory to explain the real origins of China's reform, the political and economic forces driving it, and the reasoning behind...

Contents: Preface -- 1. Introduction -- 2. Road to reform: 1949-1978 -- 3. Reform 1979-1989: how was the market created? -- 4. Reform and political coalition in 1990-2003 -- 5. Stagnation in 2003-2012 -- 6. The post reform period 2012-present -- 7. Lessons learned and long term expectations --...

'This book provides a fascinating perspective on why China will very likely continue to play a major role in world export at a time when it is losing its comparative advantage in labor-intensive manufacturing products as a result of rapidly rising labor cost and appreciation of its currency -...

Central banks around the world are exploring and in some cases even piloting Central Bank Digital Currencies (CBDCs). CBDCs promise to realize a broad range of new capabilities, including direct government disbursements to citizens, frictionless consumer payment and money-transfer systems, and a...