Markets Over Mao: The Rise of China's Private Sector

Nicholas Lardy, Anthony M. Solomon Senior Fellow, Peterson Institute for International Economics

Will the economic revolution in China be further privatized? Last November the Chinese Communist Party embraced a series of market-oriented reforms that will allow private service providers to become China’s chief engine of economic and job growth. These reforms will largely eliminate monopolies where state owned enterprises dominate and liberalize financial markets leading to a further reduction in the role of the state. Already, according to Nicholas Lardy, private businesses have largely become the dominant source of growth in manufacturing. Will this historic transformation slow or stabilize China’s growth? Will Beijing follow-through with its signals toward true competition and deregulation?

Lardy’s new book, Markets over Mao: The Rise of Private Business in China, will be available for purchase and signing after the program.

Speaker Bio


Nicholas Lardy, "China's Rise is a Credit to Private Enterprise, Not State Control," Foreign Policy, 09/15/2014

Peter R. Orszag, "Private Companies Are Driving China's Growth," BloombergView, 10/14/2014


5:30 p.m.: Registration and cash bar reception

6:00 p.m.: Presentation and discussion

7:15 p.m.: Adjournment and book signing

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