Offered By

The Hong Kong University of Science and Technology

China’s Economic Transformation Part 1: Economic Reform and Growth in China

The Hong Kong University of Science and Technology

About this Course

9,859 recent views

In 1978, after nearly 30 years of socialist planning under Mao Zedong, China was one of the world’s poorest countries, saddled with an inefficient, inward-looking economy. Today, China is an upper-middle income country and the world’s largest trading nation, contributing more to global economic growth than any other nation. How could such a remarkable transformation take place? 
This course will examine in detail the reforms that have contributed to China’s economic development and the current challenges facing the Chinese economy. After completing this course, you will be able to: 
- describe the origin and consequences of China’s key economic reforms since 1978; 
- explain how features of China’s fiscal and financial systems have impacted development outcomes; 
- assess the extent to which China has integrated itself into the global economy and the consequences of such integration for China and other countries;
- explain the importance of different sources of economic growth during different periods since 1978; and 
- critically assess the economic and policy challenges facing China going forward.

This course does not offer certificate at the moment. 

Course Overview video: https://youtu.be/YBkhpvWUoIw

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 13 hours to complete

English

Subtitles: French, Portuguese (European), Russian, English, Spanish

Instructor

Instructor rating

4.92/5 (14 Ratings)

Albert Park

Director of the Institute for Emerging Market Studies, Chair Professor of Social Science and Professor of Economics

6,891 Learners

1 Course

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 13 hours to complete

English

Subtitles: French, Portuguese (European), Russian, English, Spanish

Offered by

The Hong Kong University of Science and Technology

HKUST - A dynamic, international research university, in relentless pursuit of excellence, leading the advance of science and technology, and educating the new generation of front-runners for Asia and the world.

Syllabus - What you will learn from this course

Week

Week 1

2 hours to complete

Orientation and Module 1: China’s Gradualist Reforms

In this module, we will introduce you to China's gradualist reforms. But before you start with the lectures, please watch the Course Overview, review the Assignment and Grading page, and introduce yourself to other learners who will be studying this course with you.

2 hours to complete

8 videos (Total 63 min), 3 readings, 1 quiz

8 videos

Course Overview3m

1.1 China’s Gradualist Reforms – An Introduction4m

1.2 Institutional Change – A Framework8m

1.3 Reform Overview9m

1.4 Decollectivization of Agriculture9m

1.5 The Rise and Fall of Township and Village Enterprises (TVEs)9m

1.6 The Problem of State-owned Enterprises13m

1.7 China’s Gradualist Reforms – Module Summary4m

3 readings

Assignments and Grading10m

Module 1 Course Reading10m

Module 1 Lecture References10m

1 practice exercise

Quiz 130m

Week

Week 2

2 hours to complete

Module 2: Fiscal and Financial System Reform

In this module, we will focus on China's fiscal and financial system reform.

2 hours to complete

7 videos (Total 59 min), 2 readings, 1 quiz

7 videos

2.1 Fiscal and Financial System Reform – An Introduction3m

2.2 Fiscal Decentralization: Pros and Cons9m

2.3 Reforming the Fiscal System8m

2.4 The Soft Budget Constraint11m

2.5 Reforming the Financial System13m

2.6 Shadow Banking: Threat or Opportunity?9m

2.7 Fiscal and Financial System Reform – Module Summary2m

2 readings

Module 2 Course Reading10m

Module 2 Lecture References10m

1 practice exercise

Quiz 230m

Week

Week 3

3 hours to complete

Module 3: Globalization: Trade and Foreign Direct Investment

In this module, we will focus on China's trade and foreign direct investment. Apart from regular lectures, we will visit firms in China to understand the impact of foreign direct investment on them. We will also have interviews and discussions with leading scholars to provide greater insight into what is happening in the areas of China's outbound foreign direct investment and the internationalization of the Renminbi.

3 hours to complete

10 videos (Total 109 min), 2 readings, 1 quiz

10 videos

3.1 Globalization: Trade and Foreign Direct Investment – An Introduction5m

3.2 International Trade: Performance and Policies14m

3.3 Trade and Development16m

3.4 Foreign Direct Investment15m

3.5 Foreign Direct Investment – Firm Visits in China17m

3.6 China’s Outbound Foreign Direct Investment6m

3.7 China’s Outbound FDI – An Expert Discussion12m

3.8 Internationalization of the Renminbi7m

3.9 Internationalization of the Renminbi – An Expert Discussion9m

3.10 Globalization: Trade and FDI – Module Summary4m

2 readings

Module 3 Course Reading10m

Module 3 Lecture References10m

1 practice exercise

Quiz 330m

Week

Week 4

2 hours to complete

Module 4: Economic Growth and Structural Change

In this module, we will focus on China's economic growth and structural change.

2 hours to complete

6 videos (Total 49 min), 2 readings, 1 quiz

6 videos

4.1 Economic Growth and Structural Change – An Introduction3m

4.2 Sources of Growth10m

4.3 Structural Change8m

4.4 Resource Misallocation13m

4.5 Productivity Growth10m

4.6 Economic Growth and Structural Change – Module Summary2m

2 readings

Module 4 Course Reading10m

Module 4 Lecture References10m

1 practice exercise

Quiz 430m

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes, Coursera provides financial aid to learners who cannot afford the fee. Apply for it by clicking on the Financial Aid link beneath the "Enroll" button on the left. You’ll be prompted to complete an application and will be notified if you are approved. Learn more.
Will I earn university credit for completing the Course?
This Course doesn't carry university credit, but some universities may choose to accept Course Certificates for credit. Check with your institution to learn more. Online Degrees and Mastertrack™ Certificates on Coursera provide the opportunity to earn university credit.

More questions? Visit the Learner Help Center.

China’s Economic Transformation Part 1: Economic Reform and Growth in China

China’s Economic Transformation Part 1: Economic Reform and Growth in China