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The China BoomWhy China Will Not Rule the World$
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Ho-fung Hung

Print publication date: 2015

Print ISBN-13: 9780231164184

Published to Columbia Scholarship Online: May 2016

DOI: 10.7312/columbia/9780231164184.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 12 June 2021

The Capitalist Boom

The Capitalist Boom

1980–2008

Chapter:
(p.52) Three The Capitalist Boom
Source:
The China Boom
Author(s):

Ho-fung Hung

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231164184.003.0004

Chapter 3 exposits how the legacies of East Asian capitalism and those of Mao's socialism combine to fuel the China boom. The chapter also discusses how the China boom derives most of its energy from the private and export-oriented sector that has been the foundation of foreign exchange reserve growth and expansion of debt-financed infrastructure investment.

Keywords:   export-oriented growth, rural surplus labor, East Asian Tigers, urban bias, state enterprise privatization, East Asian production networks

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