Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China.

This study suggests that China should accelerate economic growth of its backward interior regions by deepening market-oriented reforms on the one hand, and by strengthening fiscal transfers from richer to poorer regions on the other.