Development Strategies and Regional Income Disparities in China

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Author: 
Justin Yifu Lin
Peilin Liu
Description: 
Working paper
JEL codes: 
Abstract: 
Since the economic reforms began in 1978, China has achieved remarkable economic results. Real GDP per capita grew at an average annual rate of 8.1% in the period of 1978-2001. Maintaining such a high growth rate over such a long period of time with a population of more than one billion truly is a miracle in world economy history (Lin et. al. 1994 and 1999).