Chapter

The Process of Economic Growth

Chris Bramall

in Sources of Chinese Economic Growth, 1978-1996

Published in print September 2000 | ISBN: 9780198296973
Published online November 2003 | e-ISBN: 9780191596018 | DOI: http://dx.doi.org/10.1093/0198296975.003.0002

Series: Studies on Contemporary China

The Process of Economic Growth

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The pace and pattern of post‐1978 Chinese economic growth is described in this chapter. It notes that the official data somewhat overstate the rate of growth but even revisions leave us with the conclusion that it was unparalleled by Chinese historical standards and on a par with the post‐war growth rates achieved by Japan, Taiwan, and South Korea. In the early years of transition, growth depended upon rising agricultural output (though the surge in farm production was rather less dramatic than many have claimed), but as the 1980s wore on, Chinese industry assumed centre stage, especially those industries set up in rural areas by local government. The fourth characteristic of Chinese growth was that it occurred across the People's Republic. By looking at growth rates in four very different Chinese regions, the chapter shows that growth was faster in the eastern provinces, but also that even poor parts of western China enjoyed growth rates that allowed a sharp fall in the incidence of absolute poverty.

Keywords: agriculture; data; growth; industry; poverty; rural

Chapter.  15519 words. 

Subjects: Economic Development and Growth

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