China 2020: Development Challenges in the New Century by World Bank

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Journal of Development Economics 46(3):379-401. Peng, Y. 1994. " In C. Findlay, A. Watson, and H. , Rural Enterprises in China. New York: St. Martin's Press. , and C. Xu. 1992. " The Economics of Transition 1(2):135-70. , and S. Chen. 1997. C. , and A. Heston. 1991. " Quarterly Journal of Economics 106(2): 327-68. , J. Boke, and X. Yin. 1993. China's Opening Door. London: Royal Institute of International Affairs. J. 1993. " NBER Working Paper 4602. National Bureau of Economic Research, Cambridge, Mass.

C. 1997. Sharing Rising Incomes: Disparities in China. C. C. 1996. C. Yusuf, S. 1994. " Journal of Economic Perspectives 8(2):71-92. Page 17 Chapter Two Divining the Future The strength of the Chinese economy over the past two decades does not guarantee that China will continue to grow rapidly in the future. After all, for most countries past growth is a poor predictor of future performance. 1 Even the Asian ''tigers," whose growth has been spectacular for many years, show signs of fading as their economies mature.

13. 1 percent. Above-quota procurement commanded a 30-50 percent premium. 1 percent (Lin 1992). 14. This discussion draws heavily on Lin (1992). Lin notes that nearly haft of China's agricultural communes had been disbanded by the time the practice was authorized by the central government. 15. Lin (1992). 16. See Peng (1994) for a discussion of the reliance of township enterprises on local rural sources of finance. 17. China Statistical Yearbook, various issues. 18. 1, p. 102). 19. Lardy (1992).

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