Capital Formation in Mainland China, 1952-1965

Capital Formation in Mainland China, 1952-1965
Author: Kang Chao
Publisher: Univ of California Press
Total Pages: 195
Release: 2024-07-26
Genre: Business & Economics
ISBN: 0520377249

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In the 1950s and 1960s, the Chinese government exerted unprecedented efforts and marshaled enormous economic resources for the purpose of capital formation. It was difficult for the rest of the world to determine precisely how successful these efforts were because of the incompleteness of official investment statistics. In Capital Formation in Mainland China, Kang Chao provides a comprehensive measurement of fixed capital investment in China. His basic approach is that of the commodity flow method, which takes into account each investment component and each capital goods item installed in China since 1949. He has complied extensive information both from diverse Chinese publications and from sources in countries that have exported capital goods to China. On the basis of this empirical foundation he analyzes all facets of the investment drive as well as the relationship between capital accumulation and the major aspects of Chinese economic development, revealing many details previously unknown to the West. In the process of arriving at his aggregate estimates, Chao has sorted, checked, and tabulated detailed data relating to individual components that will constitute an important aid to scholars involved in research on related subjects. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1974.

Industrial Development in Pre-Communist China

Industrial Development in Pre-Communist China
Author: Sybil B. G. Eysenck
Publisher: Routledge
Total Pages: 164
Release: 2017-07-05
Genre: History
ISBN: 1351512749

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The Chinese economy has been the subject of substantial research in recent years in the United States and abroad. Much has been made of significant strides toward industrial development since the Communist takeover. But it is impossible to understand what has been achieved unless one measures these gains against economic events in the pre-Communist period. This book offers a record of China's industrialization, with its comprehensive statistical analysis of the industrial growth of pre-Communist China.Industrial Development in Pre-Communist China covers the period from 1912 to 1949 and deals with all of China irrespective of changes in political boundaries. For purposes of this study, ""industrial production"" includes mining, metallurgy, manufacturing, and fuel and power; the construction industry is not included. Chang finds that the average annual rate of growth of the modern industrial sector during the pre-World War I period was about 8 or 9 percent, including Manchuria. During the period from 1928 to 1936, under the Nanking Government, political unification was achieved. Peace and order were maintained and the necessary foundations for economic transformation in the post-World War II period were established.At the time of its original publication in 1969, Chang's work represented an important first step toward a comprehensive, quantitative study of the history of China's industrialization and a benchmark against which the Communist achievement can be measured, this work forces reconsideration of widely held views on China's economic and industrial development. An important reference for the study of Chinese history and economics, especially for the Republican period, Chang's work is of continuing value to all Sinologists and to specialists in economic development and economic history.

The Rate and Pattern of Industrial Growth in Communist China

The Rate and Pattern of Industrial Growth in Communist China
Author: K. C. Yeh
Publisher:
Total Pages: 12
Release: 1965
Genre:
ISBN:

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The book being reviewed consists of four main chapters. The first discusses briefly the various formulae of production indexes. The second examines the major deficiencies in the way the Communist Chinese statisticians compute their industrial production index. The third explains in detail the construction of the two new indexes, one including and the other excluding handicraft output. The fourth evaluates the new indexes, comments on the rates of growth, and compares them with an estimate by Liu-Yeh and with those of other countries. The book also contains three appendices dealing with: the effects of industrialization and production indexes, the industrial ministries of Communist China, and statistical tables.

China, a Reassessment of the Economy

China, a Reassessment of the Economy
Author: United States. Congress. Joint Economic Committee
Publisher:
Total Pages: 752
Release: 1975
Genre: China
ISBN:

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The Economy of Communist China, 1949–1969

The Economy of Communist China, 1949–1969
Author: Chu-yuan Cheng
Publisher: University of Michigan Press
Total Pages: 89
Release: 2020-08-06
Genre: Political Science
ISBN: 0472902202

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Economic 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 (1960–62) and a political upheaval (1966–68). These disruptions marred the economic performance over the period as a whole. Consequently, the long-term growth rate appears to have been only moderate. The Economy of Communist China reviews selected aspects of the economy. After examining the development strategy, it analyzes the quantitative trends and the structural changes. The book goes on to analyze the key factors contributing to the earlier growth and the elements responsible for the later disruption and finally assesses the impact of the Cultural Revolution on the Chinese economy and the prospects of the current Third Five-Year Plan. The text includes a bibliography of selected materials on Chinese economic development.