This paper tries to explain how China can keep domestic stability under both socialist government and rapid capitalist economic growth. By tracing China＇s reform experience and comparing it with the mainstream reform...This paper tries to explain how China can keep domestic stability under both socialist government and rapid capitalist economic growth. By tracing China＇s reform experience and comparing it with the mainstream reform strategies, the paper argues that, first, Chin＇s reform strategy is fundamentally different from the conventional reform strategies; second, China＇s success to a large extent is the result of Chinese leaders＇ decision making and careful management over reform process rather than of simply market force. Finally, the paper suggests that the active role the Chinese Communist Party plays in economic reform grants its legitimacy, thus enabling it to enjoy political stability under long term rapid economic and social transition.展开更多
文摘This paper tries to explain how China can keep domestic stability under both socialist government and rapid capitalist economic growth. By tracing China＇s reform experience and comparing it with the mainstream reform strategies, the paper argues that, first, Chin＇s reform strategy is fundamentally different from the conventional reform strategies; second, China＇s success to a large extent is the result of Chinese leaders＇ decision making and careful management over reform process rather than of simply market force. Finally, the paper suggests that the active role the Chinese Communist Party plays in economic reform grants its legitimacy, thus enabling it to enjoy political stability under long term rapid economic and social transition.
