Is the Chinese Economy a Miracle or a Bubble?

Lawrence Juen-yee Lau

The Chinese University Press

Is the Chinese Economy a Miracle or a Bubble?

Pub Date: June 2019

ISBN: 9789882370951

480 Pages

Format: Hardcover

List Price: $55.00

Is the Chinese Economy a Miracle or a Bubble?

Lawrence Juen-yee Lau

The Chinese University Press

This book presents a collection of articles by Professor Lawrence Juen-yee Lau from 1994 to 2018, discussing Chinese economic development over the past decades. With empirical findings, the author evaluates the relative importance of different sources of growth for the Chinese economy and scrutinizes the strategy of reform and development at various stages. Based on a comprehensive account of China’s macroeconomy, the author addresses the question of whether Chinese economic growth is an extraordinary “miracle” or an implausible economic “bubble.”
I found his reasoning fascinating and his arguments that other countries can replicate the Chinese experience to facilitate their own development sound and well-reasoned. This book will be read and discussed by scholars and practitioners interested in a better understanding of the road to economic development. Myron Scholes, Stanford University

About the Author

Lawrence Juen-yee Lau is Ralph and Claire Landau Professor of Economics at and former vice chancellor of The Chinese University of Hong Kong.