William A. Byrd is an economist for the World Bank in New Delhi. In 1987, he received his Ph.D. in Economics from Harvard University. Dr. Byrd’s many publications on the Chinese economy include China’s Financial System: The Changing Role of Banks, and, as editor, Chinese Firms in the New Environment (forthcoming).

• Tables, Preface, 1. Introduction, 2. Prerequisites for Effectively Functioning Markets, 3. Markets in Chinese Industry, 4. The Impact of Markets on Chinese Industrial Enterprises, 5. The Redistributional Role of Chinese Economic Planning, 6. Plan and Market in the Chinese Economy: A Simple General Equilibrium Model, 7. Assumptions, Limitations, and Extensions of the Model, 8. Market Price Trends and Market Integration, 9. The Atrophy of Central Planning in Chinese Industry, 10. Conclusions, Notes, References, Index

William A. Byrd is an economist for the World Bank in New Delhi. In 1987, he received his Ph.D. in Economics from Harvard University. Dr. Byrd’s many publications on the Chinese economy include China’s Financial System: The Changing Role of Banks, and, as editor, Chinese Firms in the New Environment (forthcoming).

• Tables, Preface, 1. Introduction, 2. Prerequisites for Effectively Functioning Markets, 3. Markets in Chinese Industry, 4. The Impact of Markets on Chinese Industrial Enterprises, 5. The Redistributional Role of Chinese Economic Planning, 6. Plan and Market in the Chinese Economy: A Simple General Equilibrium Model, 7. Assumptions, Limitations, and Extensions of the Model, 8. Market Price Trends and Market Integration, 9. The Atrophy of Central Planning in Chinese Industry, 10. Conclusions, Notes, References, Index

William A. Byrd is an economist for the World Bank in New Delhi. In 1987, he received his Ph.D. in Economics from Harvard University. Dr. Byrd’s many publications on the Chinese economy include China’s Financial System: The Changing Role of Banks, and, as editor, Chinese Firms in the New Environment (forthcoming).

• Tables, Preface, 1. Introduction, 2. Prerequisites for Effectively Functioning Markets, 3. Markets in Chinese Industry, 4. The Impact of Markets on Chinese Industrial Enterprises, 5. The Redistributional Role of Chinese Economic Planning, 6. Plan and Market in the Chinese Economy: A Simple General Equilibrium Model, 7. Assumptions, Limitations, and Extensions of the Model, 8. Market Price Trends and Market Integration, 9. The Atrophy of Central Planning in Chinese Industry, 10. Conclusions, Notes, References, Index