Truths and Half Truths

Truths and Half Truths

China’s Socio-Economic Reforms from 1978-2010

1st Edition - June 30, 2011

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  • Authors: Ferdinand Gul, Haitian Lu
  • eBook ISBN: 9781780632773

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Truths and Half Truths is aimed at economic and social science academics and students who are interested in the dynamics of China’s institutional development and societal transformation. Covering the complexity of the social, economic, and governance reforms behind the economic miracles achieved by China since its reform in 1978, and particularly in the past twenty years, this book provides much needed insight and critical thinking on major aspects of China’s reform. Topics include employment, environment, anti-poverty; urbanization and rural development; education, corruption, political regime and media. Readers will be able to re-evaluate the costs and benefits of China’s modernization from a point-of-view of sustainability.

Key Features

  • Written by highly knowledgeable and well respected academics in law and economics with decades of experience in China studies
  • Provides an insight from academic points of view written in a reader-friendly journalistic style
  • An integrated monograph; each chapter addresses a particular area of reform and can be read independently

Table of Contents

  • Preface


    List of abbreviations

    List of figures and tables

    Note on transliteration and currency

    Political map of China

    About the authors

    Chapter 1: Population and employment


    Demography shapes Chinese society – population dynamics and economic implications

    Employment reform – from labor system to labor market

    Chapter 2: Social security


    Social security reform – process and challenges

    Pension reform

    Housing reform

    Healthcare reform

    Chapter 3: Economic growth versus environmental degradation


    A legacy of ecological devastation

    Environmental challenges

    Positive government action

    Obstacles to sustainable development

    Chapter 4: Anti-poverty campaign – the struggle between equality and efficiency


    Extent of poverty – dimensions and alternative estimates

    Income-earning potential of urban and rural poor

    Evolution of income distribution disparity in China since the economic reforms

    Chapter 5: Rural land, peasants, and agriculture


    Who owns the land?

    Eviction without compensation

    Playing ‘cat-and-mouse’ with Beijing

    Unprofitable agriculture

    A threat of food crisis

    Rulers of China, beware!

    Chapter 6: Corruption in contemporary China – an old dilemma with new features


    Measuring corruption

    Characteristics of corruption

    Dilemma of anti-corruption agencies

    Corruption in China’s anti-corruption agencies

    Beijing’s entrenched dilemma

    The way ahead: ‘selective toleration of corruption’ or radical reform?

    Chapter 7: Educational developments and challenges


    Basic education

    Higher education reform: from elite education to mass production

    Half way across the river

    Chapter 8: Enterprises, foreign trade, and the financial sector


    State-owned enterprise reform

    Foreign trade and investment

    Chapter 9: Political reform, civil society, media, and international relations


    Beyond socialism and capitalism

    Civil society: the lost intellectuals and a conservative middle class

    Freedom of speech and media reform

    China’s rise: a threat to the world?

    Appendix Chronology of key events in the history of reform (1978–2010)



Product details

  • No. of pages: 282
  • Language: English
  • Copyright: © Chandos Publishing 2011
  • Published: June 30, 2011
  • Imprint: Chandos Publishing
  • eBook ISBN: 9781780632773

About the Authors

Ferdinand Gul

Professor Ferdinand Akthar Gul is the Head and Chair Professor of accounting and corporate governance at the school of accounting and finance, Hong Kong Polytechnic University. He has published more than 60 refereed papers in top international journals including: the Journal of Financial Economics; Journal of Corporate Finance; Journal of Accounting and Economics; Contemporary Accounting Research; and The Accounting Review: Accounting, Organizations and Society. He has lectured extensively, and internationally, on governance issues in China and East Asia. Prof. Gul was previously the Head and Chair Professor in Accounting, Department of Accountancy and Director of the Accounting and Corporate Governance Centre at the City University of Hong Kong. He also sits on the editorial board of several international journals.

Haitian Lu

Dr Haitian Lu is Assistant Professor in Law at the School of Accounting and Finance, Hong Kong Polytechnic University and is the Program Director of the Masters of Science in China Business Studies. Dr. Lu obtained a PhD. In Law from National University of Singapore and specializes in Chinese law, economics and society. Prior to joining the Hong Kong Polytechnic Univeristy, Dr. Lu worked for the United Nations High Commissioner on Human Rights in Geneva and a leading law firm in Singapore.

Affiliations and Expertise

Hong Kong Polytechnic University, Hong Kong

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