Inflation and Investment Controls in China: The Political Economy of Central-Local Relations during the Reform Era.(Review) (book review)

Inflation and Investment Controls in China: The Political Economy of Central-Local Relations during the Reform Era. By Yasheng Huang. Cambridge: Cambridge University Press, 1996. 37lp. $64.95 cloth, $24.95 paper.

This well-written and academically rigorous book examines how the central government in China controls local investment behavior and the variation of investment behavior in different provinces. The author begins with an intriguing question: Why did China not have runaway inflation as did other former centrally planned economies that underwent market reform?

There were ...

Read the rest of this article with a Free Trial at HighBeam Research.