Titlebook: Economic Lessons from China’s Forty Years of Reform and Opening-up; David Daokui Li Book 2021 Tsinghua University Press 2021 Government an

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Book 2021. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China‘s economic reform and opening up, all in the area of the relationship between the government and the economy. First, the loca

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Proactive Macroeconomic Management, the “three arrows” used by the Chinese government to implement macroeconomic management. The take home message of this chapter is that the central government of developing countries must manage its macroeconomy proactively during economic take-off.