New Chinese Economy

ELIAS C. GRIVOYANNIS Associate Professor of Economics at Yeshiva University, USA, specializing in Forensic Economics, Health Economics, International Economics, Financial Markets and Institutions, Econometrics, Energy and Environmental Economics.

• A Historic Background of China's Economy International Implications of China's Opening Economy The Role of Government Agencies in China's Economic Growth Land Property Rights and Land Transferring in China's Industrialization Process Private Banking Development in Modern China Higher Education Reform and Precautionary Savings in China Social Network and Consumption Smoothing in Rural China Accounting for Consumption Inequality in China's Population The Dynamics of Income Distribution in Chinese Cities The Club Convergence Across Chinese Provinces Population Mobility to Chinese Cities and Policies for the Equalization of Public Services Financial and Economic Stability in China at the End of the US Great Moderation

"This volume contains nine articles on the recent growth and development of the Chinese economy. Editor Grivoyannis (Yeshiva Univ.) provides an introductory chapter that offers historical context on China's economic development and a concluding chapter on international implications of China's economic performance. All other contributors, with the exception of one residing in South Korea, are from China. They provide many insights into the transition economy based on firsthand experience. In addition to the more traditional topics such as the government's role in the economy and land property rights, there are some interesting chapters not typically found in similar volumes. For example, one chapter explores private finance, which has caused great publicity and social unrest in recent years. Another chapter argues that the rising saving rate is partly attributed to dramatically higher education costs, and one chapter is entirely devoted to mathematics education in China. Those interested in China's economy and society will find this work of value. Summing Up: Recommended. All levels of students; faculty; researchers; professionals." - CHOICE