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"Eight Crises: China's Real Experience" Author: Wen Tiejun et al. Publisher: Oriental Publishing House
"Eight Crises: China's Real Experience" Author: Wen Tiejun et al. Publisher: Oriental Publishing House
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Introduction · · · · · ·
Contents:
"In people's common ideology, China has never experienced an economic crisis, nor is it likely to have one. At most, it can only be regarded as economic fluctuations, not crises. However, the author believes that China has not only experienced economic crises. In addition, China has experienced eight economic crises in the sixty years since the founding of the People's Republic of China. These crises are all related to the stage characteristics of the country's industrialization: under the basic institutional contradictions of the "urban-rural" binary opposition, the institutional costs generated by industrialization, urbanization and the reform of the entire system are all transferred to the "three rural issues", so that the industrial capital in the city can achieve a "soft landing" and the original system can be maintained; the crisis that cannot be directly transferred to the countryside will lead to the "hard landing" of industrial capital in the city, triggering major changes in the government's fiscal and taxation finance and even the entire economic system.
The Chinese government has realized the importance of the "three rural issues" to the entire national economy. Therefore, in 2005, it made "new rural construction" a national strategy, and continuously increased trillions of investments to absorb tens of millions of "non-agricultural" jobs. Finally, it successfully responded to the global economic crisis in 2009 and achieved a "soft landing."
The main point of this book is that the global crisis caused by the "financial tsunami" is not only caused by the "financialized bubble economy", but also caused by the Western modern political system with a "high cost push-up" mechanism after accumulating a large amount of national debt. Therefore, the Chinese should take it as a warning and deepen their understanding of the laws of capitalist crisis and the internal chaos and external geopolitical fascist tendencies it causes. Only by reviving ecological civilization and maintaining comprehensive cooperation and autonomy in rural society to deal with external risks can China avoid repeating the modernization crisis of excessive debt.
Table of contents · · · · · ·
Introduction Chapter 1 Development Traps and China’s Experience 1. Analyzing the “China’s Experience” from the Perspective of Foreign Capital and Foreign Debt
2. Thinking about the sustainability of China's development from the perspective of crisis resolution Chapter 2 1958-1976: Three crises in the early stage of industrialization and the background of foreign capital and foreign debt 1. The background and logical evolution of the first time to use foreign capital to get out of the crisis of the Republic of China: the reconstruction and evolution of geopolitical strategy after World War II 2. Crisis 1: What happened to China after the interruption of Soviet aid investment in China from 1958 to 1960 3. Crisis 2: National strategic adjustment and economic crisis in the "Third Line Construction" from 1968 to 1970 4. The background of the second larger-scale structural adjustment with the help of foreign capital and its logical evolution of the crisis - foreign debt from the West in the 1970s: from the "43 Plan" to the "82 Plan"
V. Crisis 3: The last “Up to the Mountains and Down to the Countryside” Movement from 1974 to 1976
Chapter 3 1978-1997: Three endogenous economic crises since the reform and their resolution 1. Crisis 4: The first economic crisis since the reform in 1979-1980 and the recovery with the help of "three rural issues" 2. Crisis 5: The second economic crisis since the reform in 1989-1990 and the response to "three rural issues" 3. The background of the third foreign investment and foreign debt and its logical evolution: 1988-1994: "The key is to increase export earnings"
4. Crisis 6: The third economic crisis since the reform in 1993-1994 and its outward-oriented transformation Chapter 4 The occurrence, response and impact of China's two "imported" crises in 1997 and 2008 I. Phenomenon summary: Four times of foreign investment in 60 years were accompanied by two crises II. Crisis 7: Response measures and impact of the 1997 Southeast Asian financial crisis III. Background and logical evolution of the fourth foreign investment and foreign debt: The collision of two "overcapacities" at home and abroad from 1997 to 2008 IV. Crisis 8: Response measures and impact of the 2008 financial crisis Part II Briefings and conference records on the study of global crises and China's countermeasures Introduction I. One trend, two conservatisms, three strategies - a review of the closed-door meeting on China's development strategy in the second decade of the new century in the spring of 2011 II. China's strategic maneuvering space must rely on two legs to "go out"
——Summary of the closed-door seminar on macroeconomic situation in the fall of 2010 Ⅲ Grey economy, pressure to maintain stability and political system reform - Summary of views from the closed-door seminar on November 4, 2010 Ⅳ The rise of the middle class and the changes in China's social structure - Summary of views from the closed-door seminar on March 1, 2010 Chronology of major events Postscript
