This book analyzes the severe policy challenge that it presented for China’s leaders. The crisis in Guangdong’s financial institutions provided a forewarning of the difficulties that lay ahead as China’s integration with the global financial system deepened.

This book, based on extensive original research, examines the factors which lead to successful innovation in Chinese industry. Considering in detail the large and important Chinese mining industry, it argues that innovation is key for success in all industries, not just new "tech" industries.