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Nightwork in Chengdu

Kenneth Pomeranz: China’s Capitalism

18 February 2016
China’s Growth: The Making of an Economic Superpower 
by Linda Yueh.
Oxford, 349 pp., £29.99, April 2013, 978 0 19 920578 3
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The Rise of the People’s Bank of China: The Politics of Institutional Change 
by Stephen Bell and Hui Feng.
Harvard, 374 pp., £40.95, June 2013, 978 0 674 07249 7
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The Great Urban Transformation: Politics of Land and Property in China 
by You-tien Hsing.
Oxford, 272 pp., £27.50, March 2012, 978 0 19 964459 9
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Constructing China’s Capitalism: Shanghai and the Nexus of Urban-Rural Industries 
by Daniel Buck.
Macmillan, 267 pp., £55, July 2012, 978 0 230 34095 4
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Anxious Wealth: Money and Morality among China’s New Rich 
by John Osburg.
Stanford, 248 pp., £15.99, April 2013, 978 0 8047 8354 5
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... other country’s standards. So the basic questions remain: how long can the boom go on, and should we expect the durable institutions that emerge from it, if there are any, to resemble Western ones? LindaYueh’s China’s Growth: The Making of an Economic Superpower begins with a lengthy exercise in growth accounting. She looks at how five factors have contributed to Chinese growth: institutional ...

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