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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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The Capitalist Boom

The Capitalist Boom


(p.52) Three The Capitalist Boom
The China Boom

Ho-fung Hung

Columbia University Press

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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