Focusing on China's reform and development, this anthology spans articles written between 1986 and 2017, exploring changes in property rights and systems through empirical research. The author employs Coasean Economics to analyze real-world issues, covering topics like farmland reform, state-owned enterprises, medical reform, and more. The concluding piece reinterprets the economic logic behind China's rapid growth. Readers can gain insights into the complexities of China's reform journey while developing a broader understanding of its practical challenges.
The book elaborates on the evolution of urbanization and rural land system reform in China. Different property rights for rural and urban people lead to extremely unbalanced development of urban and rural China. Therefore, combination of property rights reform with rule of law is the right way of land reform.
"Reform has long been a consensus in China, but after decades of rapid growth, there still remain numerous intractable barriers and institutional constrains to solve, and new problems are continuously emerging out, all these hinder the implementation of China's deepening reform. How can China breakout those encirclements? This book is a collection of the author's series articles which concluded China's experience of social and economic reform and proposed that new momentum is needed for overall deepening of reform. Based on his years research on the real-world economics in rural land reform, state-owned enterprises reform, urbanization and urban governance, technology innovation and industrial upgrading, the author introduces the concepts of state and market, firm and law, property right and contracts, transaction cost and system cost, comparative advantage and competitive advantage etc. Whether the momentum of reform can penetrate multiple levels of complex networks, from top to grassroots, and local to central, is a decisive factor in China's deepening reform. This penetrating power has the connotation of the comprehensive decision making, technological innovation, and optimism in the face of uncertainty. Reform seeks to break, while innovation seeks to create. The future is better than you think"--
