The imbalance between China's currency, the RMB, and those of other countries is widely regarded as a major problem for the world economy. There was a reform of China's exchange rate mechanism in 2005, following which the RMB appreciated 17% against the US dollar, but many people argue that...

"This book presents a wide-ranging assessment of the current state of China's economy in relation to the global international economy. It discusses the role China has played in responding to the economic crisis; assesses the continuing strong prospects for further economic growth in China; and...

Preface -- Traditional economic cycle theories and their limitations -- Normal estimation of China's urban and rural households income distribution -- The normality of household income distribution and endogenous mechanism of economic cycle -- In global perspective : the normal distribution of...

1. Rising China and its integration with the changing world economy / Wei Xia and Liming Wang -- 2. Rising China : its strength and problems / Gregory C. Chow -- 3. Evolution after revolution : the Chinese 'claiming state' between history and textbook economics / Giuseppe Gabusi -- 4....