Econ0602-Lecture-2

Econ0602-Lecture-2 - Outline China A tale of panda China...

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Econ0602: Lecture 2 Economic Reform and Growth: The Great Awakening of China ® Larry Qiu, Econ0602, HKU 2/44 Outline ± China: A tale of panda ± China: Economic aspects ± China: Photo overview of 30 years reform ® Larry Qiu, Econ0602, HKU 3/44 The Children’s Tale: The Panda ± Once upon a time … ® Larry Qiu, Econ0602, HKU 4/44 ± Tough king and the small and weak panda
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® Larry Qiu, Econ0602, HKU 5/44 ± New king and the happy and strong panda ® Larry Qiu, Econ0602, HKU 6/44 ® Larry Qiu, Econ0602, HKU 7/44 This children’s tale tells in metaphorical term the story of China Mao Zedong Chiang Kai-shek ® Larry Qiu, Econ0602, HKU 8/44 Recent History of China ± The fight between Chiang and Mao ± Chiang fled to Taiwan in 1949 ± Mao died in 1976, so did the old system ± Deng Xiaoping’s reform ± Jiang Zemin’s leadership ± The new leadership: Hu Jingtao ± Asian financial crisis and the current financial tsunami ± The new era
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Larry Qiu, Econ0602, HKU 9/44 Geography and administrative divisions 23 5 4 ® Larry Qiu, Econ0602, HKU 10/44 Rivers and their economic implications ± Rivers: Yangtze , the Huang He (Yellow River), and the Pearl River ® Larry Qiu, Econ0602, HKU 11/44 Outline ± China: A tale of panda ± China: Economic aspects ± China: Photo overview of 30 years reform ® Larry Qiu, Econ0602, HKU 12/44 The Reform: from central planning to market system ± Reform ± Rural household responsibility system ± State-own enterprises autonomy ± Dual price system ± etc ± Open door policy ± Trade liberalization and WTO membership ± Exchange rate system ± Foreign direct investment The whole idea: gradualism
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This note was uploaded on 09/06/2010 for the course ECON ECON0602 taught by Professor Qiu during the Fall '09 term at HKU.

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Econ0602-Lecture-2 - Outline China A tale of panda China...

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