Inflation and Investment Controls in China

Discover the insights of Yasheng Huang in Inflation and Investment Controls in China, published by Cambridge University Press in 1996. This comprehensive hardback spans 394 pages and delves into the intriguing dynamics of China's economic landscape. Huang explores a critical question: how has the Chinese central government successfully navigated the challenges of hyperinflation that have plagued numerous developing and centrally planned economies? By examining the intricate relationships between central and local authorities, the author reveals why local officials often adhere to inflation-control policies, even when they conflict with their own economic interests. This book is essential for anyone interested in understanding the complexities of China's economic strategies and the interplay of governance at various levels. Enhance your knowledge of economic policies in China with this pivotal work.