TY - BOOK ID - 84541913 TI - Why is China Growing so Fast? AU - Khan, Mohsin. AU - Hu, Zuliu. PY - 1996 SN - 1462391354 1452773467 1281988723 1451997213 9786613794253 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Investments: Stocks KW - Macroeconomics KW - Production and Operations Management KW - Macroeconomics: Production KW - Production KW - Cost KW - Capital and Total Factor Productivity KW - Capacity KW - Labor Economics: General KW - Pension Funds KW - Non-bank Financial Institutions KW - Financial Instruments KW - Institutional Investors KW - Labour KW - income economics KW - Investment & securities KW - Total factor productivity KW - Productivity KW - Labor KW - Production growth KW - Stocks KW - Financial institutions KW - Industrial productivity KW - Labor economics KW - Economic theory KW - China, People's Republic of UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541913 AB - China has been growing at a spectacular rate in recent years, enabling per capita incomes to almost quadruple in only the last decade and a half This paper identifies the sources of economic growth in China from 1953 to 1994. While capital accumulation played an important role in China’s economic growth throughout the period, it is basically the sharp and sustained increase in productivity that accounts for the unprecedented economic growth observed during the reform period. The productivity gains largely reflect market-oriented reforms, especially the expansion of the nonstate sector, as well as China’s “open door” policy that brought about a dramatic expansion in foreign trade and foreign direct investment. ER -