In the past quarter century, China has had one of the highest rates of sustained economic growth and poverty reduction in the world. But challenges of inequality and environmental degradation have emerged in the last decade or so, and the unfinished reform agenda poses fiscal, financial, and social risks. Because of its long-term involvement in China, the World Bank has had a substantial cumulative impact in many areas. This book evaluates the relevance and effectiveness of Bank assistance to China since the early 1990s. The author finds that the Bank has made important contributions to...