This book provides a thorough analysis of the evolution of land property rights and transfer mechanism during the transition of the Chinese society from being a traditional self-sustaining agricultural society to a modern commercialized agricultural society. It provides empirical proof for complicated property rights theories and a solution and path for land capitalization. It discloses that in practice, land ownership may not be the essence and knot of the problem, and that the implementation of land property rights really matters.The book also provides a series of pragmatic solutions and measures to improve the current land law system and land policy in China. It stresses the importance of a pragmatic research methodology that is based on arguments on real life research and evidence, which may help promote a more grounded research atmosphere in the Chinese academia.

This book provides a thorough analysis of the evolution of land property rights and transfer mechanism during the transition of the Chinese society from being a traditional self-sustaining agricultural society to a modern commercialized agricultural society. It provides empirical proof for complicated property rights theories and a solution and path for land capitalization. It discloses that in practice, land ownership may not be the essence and knot of the problem, and that the implementation of land property rights really matters. The book also provides a series of pragmatic solutions and measures to improve the current land law system and land policy in China. It stresses the importance of a pragmatic research methodology that is based on arguments on real life research and evidence, which may help promote a more grounded research atmosphere in the Chinese academia.

This book examines the economic, cultural and structural factors affecting China's economic growth, and expounds why China's economy has been so successful in the past, and the challenges that lie ahead for the country amidst the changing world, new challenges and uncertainties. The authors lay out their thoughts persuasively and powerfully, advocating changes that should be implemented in order to achieve a successful economic transformation of China's economy. Through an exchange of ideas among the four Chinese authors, each of whom hail from different backgrounds, practical solutions are presented in the book.

The continuous migration of rural labor to cities has changed the fundamental characteristics of China's labor market, profoundly affected the country's investments, savings, technological progress and economic cycle fluctuation, and more importantly, the rapid development of non-agricultural industries. Though the significant changes in China's labor market has played a vital role in the country's economic growth, it has not been duly valued and studied. This book aims to fill the gap by studying the role of rural labor in China's economic development.The book systematically presents the three most important characteristics of China's economic development and summarizes them as 'the riddle of China's rising return on capital', 'the riddle of China's rising rate of saving', and 'the riddle of 'Okun's law' not applicable to China'. It empirically and theoretically analyses the 'three riddles' from the perspective of the migration of rural labor. It also proposes macro-policies and developmental strategies to address the 'three riddles'.

Since 2012, industrial overcapacity has become an increasingly serious problem in China, against the backdrop of domestic economic slowdown and continued downturn in international markets. Overcapacity is widespread in the traditional manufacturing sector, particularly in iron and steel, cement, electrolytic aluminium, flat glass, and ship-building industries. It is also grave in emerging industries such as polysilicon, solar cells, and wind power equipment.This book provides an overview on the overcapacity problem facing China and examines the main characteristics of overcapacity in some important industries. The book identifies two types of overcapacity: one is excess capacity that results from natural supply-demand dynamics or cyclical economic fluctuations under a relatively sound market system; the other is overcapacity caused by the overinvestment of enterprises under a flawed economic system. It probes into how overcapacity is caused and finds two contributors — change of growth model and institutional flaws. It explores to establish a long-term mechanism for solving the problem. The book concludes that China should establish a long-term mechanism to prevent and resolve overcapacity, and to establish healthy relationship between the market and the government.

As the Chinese economy has moved to a 'New Normal' of slower growth and changed model of development, its income distribution is being affected in a number of ways. What exactly are the impacts brought by the new changes? How should we view China's income distribution on the whole? What trend will we see in the future? With regard to these and other questions that arise against the backdrop of the economic 'New Normal', the book provides an in-depth analysis of the new issues, characteristics and trends in relation to income growth rates, income and wealth gaps, and the proportion of personal income in China.

In China, the government controls a large part of resources, such as land, energy, bank savings, and so on. This book studies the efficiency and fairness of resources allocation by governmental administration in China. The book states that it is neither fair nor efficient to allocate resources by the governmental administrations. These resources should be allocated by the market.The book analyzes the resources allocation by government administration in three key areas namely education, health care, and land. A quantitive analysis is developed for describing more precisely the situation of unfairness in fiscal resources allocation. This book also describes how ordinary people address the misposition of resources by governmental administrations by migrating from the provinces with less resources to the provinces with more resources in education or health care. Thus, the book concludes that the actual allocation of resources is determined by the interactions between ordinary people and the government.