Chapter

The State, Industry, and Infrastructure

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/10.1093/0198296975.003.0016

Series: Studies on Contemporary China

The State, Industry, and Infrastructure

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The Chinese state promoted growth after Mao's death by its regulation of aggregate demand, its manipulation of the internal terms of trade, and by liberalizing many aspects of agricultural production. In addition, as this chapter demonstrates, both central and local government actively promoted the growth and development of industry. The Chinese state adopted an industrial strategy that was far more interventionist than those pursued in Russia and most other transitional economies; until the mid‐1990s, indeed, the extent of privatization was negligible. Yet across the People's Republic, rural industry grew rapidly and even the smokestack industries of urban China became more efficient.

Keywords: industry; intervention; privatization; Russia; state

Chapter.  14644 words. 

Subjects: Economic Development and Growth

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