The rightly conveys many aspects of China in an easily readable manner…. The book is written with obvious affection about China and achieves the purpose of conveying a broader, macro-perspective picture…it is a welcome addition to the small repertoire of books on contemporary China.
Old China’s New Economy is a chronological review and a comprehensive analysis of China’s economic reforms and its rise from an impoverished economy in 1978 to the most efficient economy of the 21st century.
In the book under review, the author presents a concise and easily readable account of the phenomenal transformation of the Chinese economy, within a short period of half a century or so, from a stagnant, if not decaying, feudal set-up to the most rapidly growing economy in the world…. For those who wish to have a quick appraisal of the working, achievements and problems of China’s new economy, I recommend Bhaumik’s book.
In the recent years many books have appeared on various facets of Chinese economy, particularly on its high growth story… But the book is different in many other ways. Importantly, it highlights the critical role of two major agents—the government and the people… The economic transition of China has not been smooth but beset with challenges in every sphere of activity. The author sketches the problems with considerable care and caution and traces the story of development and growth…The book is interesting and worth reading both for scholars and general readers.
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