MD DALIM #871425 10/02/06 CYAN MAG YELO BLK THE CHINESE ECONOMY Transitions and Growth Barry Naughton The MIT Press Cambridge, Massachusetts London, England © 2007 Massachusetts Institute of Technology All rights reserved. No part of this book may be reproduced in any form by any electronic or mechanical means (including photocopying, recording, or information storage and retrieval) without permission in writing from the publisher. MIT Press books may be purchased at special quantity discounts for business or sales promo- tional use. For information, please e-mail
[email protected] or write to Special Sales Department, The MIT Press, 55 Hayward Street, Cambridge, MA 02142. This book was set in Times Roman by SNP Best-set Typesetter Ltd., Hong Kong. Printed and bound in the United States of America. Library of Congress Cataloging-in-Publication Data Naughton, Barry The Chinese economy : transitions and growth / Barry Naughton p. cm. Includes bibliographical references and index. ISBN-10: 0-262-14095-0—ISBN-13: 978-0-262-14095-9 (hc.: alk. paper) ISBN-10: 0-262-64064-3—ISBN-13: 978-0-262-64064-0 (pb.: alk. paper) 1. China—Economic policy. I. Title. HC427.95.N38 2006 338.951—dc22 2006046840 10987654321 Contents Acknowledgments xv INTRODUCTION 1 From Transition to Development 3 The Distance Traveled 4 The Dual Transition 5 China’s Growth Performance 6 Becoming a “Normal” Country 8 China to the Future 10 Using This Textbook 12 Bibliography 13 I LEGACIES AND SETTING 15 1 The Geographical Setting 17 1.1 Landforms 18 1.2 Climate and