Abstract
Mainland China experienced several industrial surges during the pre-communist period. The average rate of growth of the modern industrial sector was in the neighborhood of 8 to 9 per cent per annum for pre-war China, including Manchuria. The modern industrial sector expanded relatively more rapidly than the national product over the period under investigation. China's record of modem industrial growth is anything but long-term stagnation during the pre-war years. Despite the fact that the industrial expansion experienced in China was interrupted by war, the decade concerned can still be characterized as a period in which a political, social and institutional framework which exploits the impulses to expansion in the modern sector was being built. The trend of industrial expansion and the pattern of economic growth might have been quite different after 1937 had it not been for the interruption caused by military hostilities. Keywords: economic growth; mainland China; Manchuria; military hostilities; modern industrial sector; pre-communist period
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