China followed a Soviet-style model for the economy from 1953 to 1978. Then Deng Xiaoping’s economic ideas were implemented. The result was a marked decrease in poverty. Regarding personal freedoms, that has increased sometimes and decreased others since the founding of the People’s Republic of China. Morgan, a Professor of Chinese history at Nottingham University, clearly presents the significant facets of China’s economy.
Keywords: China, mixed economy, transition economy, Deng Xiaoping, Hu Jin Tao.
JEL Classification: P51, N0.
Cite as: Gentle, P.F. (2023). Book Review on Stephen L. Morgan (2021). The Chinese Economy. Business Ethics and Leadership, 7(1), 122-124. https://doi.org/10.21272/bel.7(1).122-124.2023
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