ch. 1: Overview of economic reforms and outcomes
Agricultural reform: 1979-85
Industrial reform: 1978-93
Transition to a market economy: 1994-2003
Foreign trade and investment
ch. 2: The source of growth and the role of investment
Methodology of growth accounting
Measurement of TFPG in China
Production function estimates of TFPG in China
The contribution of investment reconsidered
Technological change reconsidered
Postscript: investment versus domestic demand as a source of growth
ch. 3: Saving and the financing of investment in China
Financial flows between sectors
Government saving and investment
ch. 4: Financial sector repression
Why repress the financial system?
How repressed is China's financial system?
Finance and growth in China
Strategy of financial development
ch. 5: Banking sector reform
Key features of the banking sector
Problems of the banking sector
Measures taken to strengthen the banking sector
ch. 6: Developments in the bond market
The role of a bond market
ch. 7: The rise and fall of the stock market
ch. 8: Macroeconomic policy and performance
Ups and downs in the macro economy
Investment spending as the proximate cause of macroeconomic cycles
Anatomy of macro cycles in China
Capital flows and exchange rate policy
