Chapter 6: 2001–2008: China’s Economy Before the Financial Crisis

With the tumultuous restructuring of the 1990s behind it, China in the 2000s carried out a broad range of reforms throughout the economy that cleaned up, consolidated, and built on the rougher and messier break-throughs of the previous decade. Many steps were logical follow-ups to previous initiatives, but a number of unexpected shocks and external pressures disrupted and prodded the process. Throughout the decade, China found itself reacting to developments largely outside its control…