How has the government of the PRC transformed traditional economic institutions into a socialist, central-planning system? What has been the impact of this transformation on China’s economic growth? What is the essence of the Chinese development model and how successfully has it functioned during the past three decades? What are the prospects for t

About the Author

Dr. Cheng, a native of Guangdong Province, is professor of economics at Ball State University, Muncie, Indiana. He was for ten years consultant to the National Science Foundation, during which time he served as chief investigator with the Research Project on Scientific and Engineering Manpower in China. Among his many books on China’s economy are Communist China’s Economy, 1949–1962; Economic Relations Between Peking and Moscow; China’s Allocation of Fixed Capital Investment; The Machine-Building Industry in Communist China; and China’s Petroleum Industry: Output Growth and Export Potential.

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