China’s Development Model i:the Costs and Benefits of the Decentralization Approach to Transition

ZHANG Yan1 ( 张晏 ), WANG Yongqin1 ( 王永钦 ), ZHANG Yuan1 ( 章元 ), CHEN Zhao1 ( 陈钊 ) andLU Ming1 ( 陆铭 )

Editorial note:

Many scholars attribute China’s rapid economic growth to the ample local government incentives to develop the local economy. At the same time, there are also quite a number of scholars criticising China’s economic decentralization issues. However, few scholars have analysed the pros and cons of economic decentralization under a unified logical framework. Based on an empirical study and analysis, this article sets out the strategic priorities of reform at the next stage.

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