The Roles of Law and Politics in China's Development

Preface.- List of tables.- Acknowledgement.- Chapter 1: Introduction.- Chapter 2: Informal and Formal Contracts.- 2.1: Introduction.- 2.2: The Informal Contractual Arrangements in Wenzhou.- 2.2.1: Direct Private Borrowing.- 2.2.2: Borrowing through the Intermediary of Yinbei.- 2.2.3: Juhui.- 2.2.4: Direct Fund Raising by Enterprises.- 2.3: Formal Contractual Arrangements.- 2.3.1: Bills of Exchange.- 2.3.2: Documentary Credit.- 2.3.3: Secured Lending.- 2.3.3.1: Two cases.- 2.3.3.2: Statistical evidence.- 2.3.3.3: Questionnaire survey.- 2.4: Contract Law Enforcement and Economic Development.-
2.5: Conclusion.- Chapter 3: Contract Enforcement Revisited.- 3.1: Introduction.- 3.2: A Demand-side Analysis.- 3.2.1: Problems with Informal Contract Enforcement.- 3.2.2: The Nature of China's Economy.- 3.2.3: Liberalization of the Chinese Economy and the Formal Law.- 3.2.3.1: Liberalization of the Economy.- 3.2.3.2: Liberalization of Economic Activities.- 3.2.3.3: Network Effects of the Formal Legal System.- 3.3: A Supply-side Explanation.- 3.3.1: Statistical Evidence.- 3.3.2: A Political Economy Explanation of the Supply-side Expansion.- 3.4: The Survey Results.- 3.5: Conclusion.- Chapter 4: The Role of Mortgages.- 4.1: Introduction.- 4.2: The Device of Mortgages and Formal Law.- 4.3: Mortgages Law and Bank Lending.- 4.3.1: The Legal Framework.- 4.3.1.1: The law of mortgages on immovable property.- 4.3.1.2: The law of mortgages on movable property.- 4.3.2: The Evidence and Explanations.- 4.3.2.1: Evidence on mortgage of immovable property.- 4.3.2.2: Evidence on mortgage of movable property.- 4.3.3: Questionnaire Survey.-
4.4: Conclusion.- Chapter 5: Protective and Non-Protective Functions of Law.- 5.1: Introduction.- 5.2: Inadequate Evidence in Dismissing the Role of Law in Economic Development.- 5.3: Signaling, Self-Commitment and Coordination.- 5.3.1: Signaling.- 5.3.2: Self-commitment.- 5.3.3: Coordination.-
5.3.3.1: Introduction.- 5.3.3.2:Coordination of the Listing of

Dr. Guanghua Yu is Professor of Law, teaching at the Faculty of Law of the University of Hong Kong. His specialized areas of teaching and research include Corporate Law, Contract Law, Constitutional Law, and Public Policy. Over the last 20 years, he has had a prolific academic career, authoring and/or editing more than 8 books, 40 articles and 30 papers spanning different areas of law. As one of the most active Chinese legal scholars, he delivers lectures at a large number of universities in China.