China’s Economic Transformation Part 1: Economic Reform and Growth in China

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The Hong Kong University of Science and Technology

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In this module, we will introduce you to China's gradualist reforms. But before you start with the lectures, please watch the Course Overview, review the Assignment and Grading page, and introduce yourself to other learners who will be studying this course with you.

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In 1978, after nearly 30 years of socialist planning under Mao Zedong, China was one of the world’s poorest countries, saddled with an inefficient, inward-looking economy. Today, China is an upper-middle income country and the world’s largest trading nation, contributing more to global economic growth than any other nation. How could such a remarkable transformation take place? This course will examine in detail the reforms that have contributed to China’s economic development and the current challenges facing the Chinese economy. After completing this course, you will be able to: - describe the origin and consequences of China’s key economic reforms since 1978; - explain how features of China’s fiscal and financial systems have impacted development outcomes; - assess the extent to which China has integrated itself into the global economy and the consequences of such integration for China and other countries; - explain the importance of different sources of economic growth during different periods since 1978; and - critically assess the economic and policy challenges facing China going forward. This course does not offer certificate at the moment. Course Overview video: https://youtu.be/YBkhpvWUoIw

中国的经济转型第1部分:中国的经济改革与增长:1978年,经过毛泽东领导的近30年的社会主义计划,中国成为世界上最贫穷的国家之一,其经济效率低下,内向型经济为重。如今,中国已成为中上收入国家和世界最大贸易国,对全球经济增长的贡献超过任何其他国家。如此显着的转变如何发生? 本课程将详细研究对中国经济发展做出贡献的改革以及中国经济目前面临的挑战。完成本课程后,您将能够: -描述1978年以来中国主要经济改革的起源和后果; -解释中国财政和金融体系的特征如何影响发展成果; -评估中国融入全球经济的程度以及这种融合对中国和其他国家的影响; 解释1978年以来不同时期不同经济增长来源的重要性;和 -认真评估中国未来面临的经济和政策挑战。 该课程目前不提供证书。 课程概述视频:https://youtu.be/YBkhpvWUoIw

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