"The book provides a meticulous analysis of economic development and concomitant problems in China since the late 1970s … perplexed many: how can China sustain the rapid growth of the past forty years; is there a unique "China Path" to economic … progress? They argue compellingly that China's development model has to switch from a manufacturing-driven one to a brand new …

sectors since the founding of the People's Republic of China in 1949, the author explores economic regulation in China with … theories of externalities and asymmetric information, which are analysed in the light of China's environmental and product …