JUN MA is currently an economist with the International Monetary Fund. He worked as a research fellow at the Development Research Center for the State Council of P.R. China between 1988 and 1990, and served as a consultant and public policy specialist at the World Bank from 1992-97. His main areas of research include the Chinese and other East Asian economies, fiscal management, monetary and banking issues, and state-owned enterprise reform. He is the author of more than sixty journal articles and book chapters published in English and Chinese, and the winner of several nation-wide paper competitions in the US. Mr. Ma earned his B.S. and M.S. from Fudan University in China, and his Ph.D. from Georgetown University in the US.

'Jun Ma's survey of a number of major topics in China's post-1978 economic reforms is a welcome addition to what has become an essential Palgrave series. Its 2000 publication date enables it to fill a definite gap in the market by making available in book form detailed discussions of fiscal and monetary reforms, the continuing problems of state-owned enterprises, the development of China's two stock exchanges, and decentralisation and regional economic policy, which take the story, in most cases, right up to the end of the 1990s.' - Jackie Sheehan, The Times Educational Supplement

• List of Tables Acknowledgements List of Abbreviations Introduction and Overview Fiscal Reform Monetary Reform Banking Reform: From Administrative Control to a Regulatory Framework Development of the Stock Markets State-owned Enterprise Reform Export Promotion Strategies Regional Policy under the Strategy of Economic Opening Decentralization and Provinces' Growth Performances Endnotes Bibliography Index

JUN MA is currently an economist with the International Monetary Fund. He worked as a research fellow at the Development Research Center for the State Council of P.R. China between 1988 and 1990, and served as a consultant and public policy specialist at the World Bank from 1992-97. His main areas of research include the Chinese and other East Asian economies, fiscal management, monetary and banking issues, and state-owned enterprise reform. He is the author of more than sixty journal articles and book chapters published in English and Chinese, and the winner of several nation-wide paper competitions in the US. Mr. Ma earned his B.S. and M.S. from Fudan University in China, and his Ph.D. from Georgetown University in the US.

'Jun Ma's survey of a number of major topics in China's post-1978 economic reforms is a welcome addition to what has become an essential Palgrave series. Its 2000 publication date enables it to fill a definite gap in the market by making available in book form detailed discussions of fiscal and monetary reforms, the continuing problems of state-owned enterprises, the development of China's two stock exchanges, and decentralisation and regional economic policy, which take the story, in most cases, right up to the end of the 1990s.' - Jackie Sheehan, The Times Educational Supplement

• List of Tables Acknowledgements List of Abbreviations Introduction and Overview Fiscal Reform Monetary Reform Banking Reform: From Administrative Control to a Regulatory Framework Development of the Stock Markets State-owned Enterprise Reform Export Promotion Strategies Regional Policy under the Strategy of Economic Opening Decentralization and Provinces' Growth Performances Endnotes Bibliography Index