Cato Journal

Cato Journal

Winter 2001

 

Review of "China's New Political Economy"
By James A. Dorn

 

Introduction

In this thoroughly revised edition of Susumu Yabuki's 1995 book, Stephen Harner (translator of the 1995 book) joins Yabuki to paint a broad picture of China's evolving political economy. A rich array of information is presented in a clear and imaginative way, covering all the key facets of the transition from plan to market. This is a book no China watcher will want to be without.

As a leading Japanese sinologist, Yabuki provides an interesting perspective on the many changes that have taken place in China's economic, political, and social landscape since the days of Mao Zedong. Likewise, Harner, a former diplomat and chief representative of Deutsche Bank AG in Shanghai, draws on a wealth of experience to provide an informed analysis of China's budding financial markets and the state of fiscal and monetary policy.

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