An insightful account of the remarkable transition of the Chinese economy from impoverished backwater to economic powerhouse.

China was the largest and one of the most advanced economies in the world before the eighteenth century, yet declined precipitately thereafter and degenerated i

This year, the NBER Macroeconomics Annual celebrates its thirtieth volume. The first two papers examine China’s macroeconomic development. “Trends and Cycle

This book reviews and examines the reform and opening up in China from 1978 to 2011. It analyzes how China avoided to fall into the middle-income trap over thos

Developing countries have for decades been trying to catch up with the industrialized high-income countries, but only a few have succeeded. Historically, struct