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Whither China?Restarting the Reform Agenda$
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Wu Jinglian and Ma Guochuan

Print publication date: 2016

Print ISBN-13: 9780190223151

Published to Oxford Scholarship Online: May 2016

DOI: 10.1093/acprof:oso/9780190223151.001.0001

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Restarting the Reform Agenda

Restarting the Reform Agenda

(p.285) Dialogue 20 Restarting the Reform Agenda
Whither China?

Wu Jinglian

Ma Guochuan

Xiaofeng Hua

Nancy Hearst

Oxford University Press

The most serious social problems facing China today stem from incomplete economic reforms and lagging political reforms. The widespread rent seeking, for instance, is due to interference by administrative powers to suppress legitimate economic activities. China still has a long way to go to become prosperous, democratic, and modernized. The main features of a full-fledged market economy include protection of private-property rights, fair competition and the rule of law, and the encouragement of investment and technological innovation. If adopting the rule of the law is the beginning, then reforming the government is the key. The primary objective is to establish a limited and effective government. Burdened with a tradition of despotism and a lack of experience in democracy and the rule of law, China will only be able to sustain its economic growth and to complete its economic reforms if it can establish constitutionalism, democracy, and the rule of law.

Keywords:   Chapter economic reform, political reform, rule of law, limited government, constitutionalism, democracy

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