The Chinese Approach: How China Has Transformed Its Economy and System?

This volume introduces readers to the achievements made in the context of China’s reform and opening up. It tells China’s story with regard to twelve aspects: the reform path, opening up, macro-economy, regional development, the “three rural” policy, poverty alleviation, industrial development, scientific and technological leadership, ecological civilization, human resources, social security, and income distribution. On the one hand, China’s successes and lessons learned in this regard – e.g. the establishment of special economic zones and pilot zones in advance, followed by the implementation of regional development strategies – can be condensed into a general sense of Chinese wisdom. On the other, China’s participation in economic globalization and global economic governance can serve as a role model, helping developing countries overcome poverty and move towards modernization. As China accounts for nearly one fifth of the world’s total population, the problems and difficulties that it faced at the beginning of reform and opening up are similar to those of many developing countries; therefore, it can provide valuable guidance for developing countries in the form of Chinese wisdom and Chinese approach.