Course Code and Course Title

[CHES5156] Political Economy of China’s Reform

Time and Venue

Tue 17:30 - 20:15
WMY_404

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 provides a theoretical framework for the understanding of the transition from plan to market economy. The course will cover topics including China’s command economy tradition, the process of economy reform, the rise of the private enterprises, the reform of the state-owned enterprises, the emergence of village and township enterprises and agricultural reform, China state’ structure and governance style, among others. What role has the Chinese state played in fostering/hindering economic development is the core question of this course. Students will gain a deeper understanding of the evolving state-market relations in China’s reform and development.

Course Outline

1. Overview: China – A Transition Economy

2. Planned Economy in Mao’s Period

3. Reform Strategies: The Theoretical Debates

4. Capitalism with Chinese Characteristics

5. The Political Incentives of Growth

6. Policy Making: Planning, Experimentalism and Campaign

7. China’s Rural Economic Development: Rural Industrialization – Village and Township Enterprises

8. China’s Rural Economic Development II: Agricultural Reform

9. State-owned Enterprises Reform in China

10. China’s Private Economy

11. China’s Land-based Finance

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