Description
This book analyzes why local officials in China comply with investment-reduction and inflation-regulate policies of the central government against their very own economic interests. The book shows the significance of political institutions, and provides a political story as to why China has been ready to regulate inflation and to deepen reforms, by contrast to the previous Soviet Union. At the same time as so much other studies center of attention at the economic or political aspects, Inflation and Investment Controls in China integrates political and economic analysis.