Zhikai Wang

Based on case studies, this comprehensive review aims to explore the development of the private sector and how it stimulates industrial growth at regional level in China. The book traces the privatization mechanism and how it facilitates the process of industrialization and urbanization in rural China. The Private Sector and China’s Market Development looks at the evolution of market transition and the rapid growth of the private sector from aspects of both bottom up and top down institutional innovation. It also provides a commentary of future development and innovation in the private sector.

• Covers one of the major parts of the Chinese economy, in the Yangtze River Delta region
• Draws on the author’s personal experience of the economy, society and development administration in Jiangsu province and academic life in Zhejiang within the field of market transition in the Yangtze River Delta region
• Provides detailed studies and a comparison of the two most famous regional development models, of both the South Jiangsu model and the Wenzhou model, in the process of China’s market transition and institutional transplantation