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Frontiers of Economics in China

ISSN 1673-3444

ISSN 1673-3568(Online)

CN 11-5744/F

Postal Subscription Code 80-978

Front Econ Chin    2009, Vol. 4 Issue (2) : 292-316
research-article |
Jiangsu-Zhejiang model and the nationwide development of the private sector in China
WANG Zhikai()
College of Economics, Zhejiang University, Hangzhou 310027, China
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Along with the implementation of reform and open up policy in China, Jiangsu and Zhejiang, two provinces have got rapid economic development and greatly contributed to China’s market transition. Jiangsu, Zhejiang together with Shanghai, have shaped China’s economic heartland—the Yangtze River Delta Economic Region. Undoubtedly, the private sector is the driving force for the tremendous economic development in the Yangtze River Delta, particularly for facilitating institutional transition and economic development. Fortunately, this kind of economic development driven by the private sector was not only restricted in the Yangtze River Delta Region, but also across the country as it has been gradually extended nationwide. This paper is to look at the development of the private sector in Jiangsu and Zhejiang areas and particularly trace its fantastic effects on nationwide economic development and market transition.

Keywords Jiangsu-Zhejiang model      nationwide development of the private sector      industrialization stories      New Oriental fairy tale     
Corresponding Authors: WANG Zhikai,,   
Issue Date: 05 June 2009
 Cite this article:   
WANG Zhikai. Jiangsu-Zhejiang model and the nationwide development of the private sector in China[J]. Front Econ Chin, 2009, 4(2): 292-316.
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