Description: As China's politics and economies have been transformed since 1978, so have Chinese scholars revised their interpretations of their recent economic history. Interest in the market mechanism today entails a more favourable evaluation of economic growth and the experience of capitalist managers in the pre-war market economy, while the 'Open Door' suggests a reinterpretation of the role of foreign trade and investment in the early twentieth century. The commercialization of agriculture under the production responsibility system is also accompanied by a shift in the focus of historical writing on the rural economy from feudal exploitation to the degree of market penetration into peasant life. Moreover, for most of the period, scholars have been more free to express their own ideas and experiment with new methodologies. After an analytical introduction by Tim Wright, this book translates twelve of the most interesting and important articles which embody the new views leading Chinese historians, young and old, are putting forward.

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