In the early 1990s, the world began to recognize China as a rising economic power to reckon with. China's economy is dynamic - her human and natural resources are plentiful and her economic growth has been well sustained since the late-1970s. In fact, some have predicted that by the year 2015, China's economic output would likely be close to that of the US. It is undeniable that China will be an economic giant, if she is not already one today. In this book, the author traces China's economic development since 1978. Steps and characteristics of China's economic reform are detailed, and...

Beginning with entrepreneurship that propels the dynamic economic changes in China today, this book is organized into four broad parts to discuss China's economic development, to analyze significant economic issues, to recommend economic policies and to comment on the economic issues in the American economy for comparison.

Now available in a fully-revised and updated third edition, this established textbook provides a penetrating and comprehensive analysis of the historical, institutional, and theoretical factors that have contributed to China's economic success.

• Includes coverage of China's foreign investments, trade with regional partners, Chinese human capital, and bureaucratic economic institutions
• Covers a diverse set of important issues, including environmental restraints, income distribution, rural poverty, the education system, healthcare, exchange rate policies, monetary...