The China Development Research Foundation is one of the leading economic and social think tanks in China, where many of the theoretical underpinnings and policy details of economic reform were formulated. This book is the first of a series which makes available to an English-speaking audience the work of the individual Chinese economists who were the architects of reform. The series provides an inside view of China s economic reform, revealing the thinking of the reformers themselves, unlike many other books on China s economic reform which are written by outside observers.

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