Course Code and Course Title

State and Market in Modern China

Time and Venue

Thur 9:30am - 12:15pm

WMY 502

Instructor

Prof Chung Wai Keung

Course Description

This course examines the political economy of China’s development from the perspective of state-market relations. It will cover topics including China state’ structure and governance style, the command economy, China’s economy reform, rise of the private enterprises, reform of the state-owned enterprises, village and township enterprises and agricultural reform, among others. Students will gain a deeper understanding of the evolving state-market relations in China’s reform and development; and the extent to which China’s experience may be generalized as a model for other developing countries.

Course Outline

1. Overview: State and Market in Economic Development

2. The Governance Structure of the Chinese State

3. State Capacity and Marketcraft

4. Policy Style: Planning, Experimentalism and Campaign

5. China Planned economy

6. Chinese Economy as Transition Economy: The Theoretical Debates

7. Capitalism of Chinese Characteristics – the Reform Strategies

8. State-owned economic system reform in China

9. China’s Individual Economy, Business groups and Private Economy

10. China’s Rural Economic Development – Village and Township Enterprises

11. Agricultural Reform

12. Conclusion: The Constraints and Future of the Chinese Economy