We use cookies to distinguish you from other users and to provide you with a better experience on our websites. Close this message to accept cookies or find out how to manage your cookie settings.
To save content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about saving content to .
To save content items to your Kindle, first ensure [email protected]
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
Since the Third Plenum of the 11th Party Congress in December 1978 China's leaders have moved decisively to restructure the nation's economy. However, it now appears that while the decollectivization of agriculture has dramatically reoriented rural society, entrenched urban bureaucracy prevents a comparable change in the cities. Analysis of personnel policy, and in particular examination of expanded pension programmes, further articulates the nature of these entrenched interests, revealing in detail why post-Mao urban reforms have maintained, even intensified, privileges which rural reforms have transcended or eliminated.
Measures of society's stock of fixed assets are necessary for describing production technology, evaluating capital-output ratios and analysing multi-factor productivity. Even in advanced industrial economies, existing series of fixed capital incorporate many weaknesses and arbitrary assumptions; in low-income nations, these problems are often severe. China is no exception. While recognizing the inherent difficulty of compiling capital stock estimates for an economy in which prices have long deviated from scarcity values, this article uses currently available materials to derive an improved time series of fixed capital stock for independent accounting units within Chinese state industry. Our objective is to produce new series that adhere as closely as possible to the standard national accounting concepts of gross domestic fixed capital formation and gross reproducible fixed assets. Despite the difficulties mentioned below, we believe that our new series are distinctly superior to existing figures for the analysis of capital deepening, multi-factor productivity and other aspects of Chinese state industry requiring estimates of fixed capital stock.
Chinese culture has always been considered unique in its enduring concern with morality. There is a commonly used phrase which well expresses this: guyou daode wenhua, which may be translated as “a culture which is traditionally moral.” This phrase is often used to describe the Chinese as opposed to other cultures which lay their emphasis on knowledge, religion, law, and so forth. A Chinese educator has recently made this point in contrasting Chinese and western philosophies of education. Whereas western cultures have traditionally stressed science (knowledge), religion and law, he says, Chinese culture has always stressed morality and art.