China Economic Quarterly

June 1999

How Big Is The Private Economy?


The extent of China’s private economy has been one of the most debated – and disagreed about – issues among investors, economists and governments concerned with the country’s development. In the past 12 months, pessimism about the real size of China’s private economy has reached unprecedented levels. CEQ considers how much of this pessimism is justified.

Also in this issue:

  • China’s stockmarkets: Q1 and early Q2 1999 in review

  • Smoke ’n’ mirrors: China’s foreign direct investment numbers

  • Long rainbow: the pot of gold still at the end of WTO

Tomas Wiik1997-01