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Economic growth over the past twenty years
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agricultural reform Australian National University average Bank of China Beijing billion yuan bonds cent central planning changes China Statistical Publishing Chinese Chinese economy competition contract system contribution domestic economic growth economic reform effect efficient employment exchange rate exports factor farm farmers Figure firms fixed assets foreign exchange foreign trade funds Gini coefficient grain Guangdong household important incentives income inequality increased industrial institutions issue lending liberalisation lnternational macroeconomic output ownership People's Bank pre-reform period price reform principal-agent problem problems production profits rapid reform in China reform period renminbi responsibility system result role rural China rural migrants rural sector rural-urban migration Shanghai share Shenzhen Sichuan significant SOE reform Source state-owned enterprises Statistical Bureau Statistical Publishing House Statistical Yearbook subsidies Table TFP growth TlCs township trade system reform TVE sector urban China urban residents wage workers World Bank Yearbook of China