The Economy of Communist China, 1949–1969 Cheng Paperback 9780472038398
The Economy of Communist China, 19491969Author(s): Chu-yuan Cheng\nFormat: Paperback\nPublisher: The University of Michigan Press, United States\nImprint: Centre for Chinese Studies Publications\nISBN-13: 9780472038398, 978-0472038398\nSynopsis\nEconomic development in mainland China during the first two decades of Communist control provides a typical example for the difficult task to transform a vast underdeveloped agrarian economy into a modern industrial one. In the first half of this period, a series of massive transformations of social and economic institutions was accompanied by a drafted industrialization program; the result was an impressive speed-up in economic growth. The second decade witnessed an economic crisis [tel] and a political upheaval [tel]. These disruptions marred the economic performance over the period as a whole. Consequently, the long-term growth rate appears to have been only moderate. \nThe Economy of Communist China reviews selected aspects of the economy.
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