This book reviews and examines the reform and opening up in China from 1978 to 2011. It analyzes how China avoided to fall into the middle-income trap over those 33 years. The book makes a deep analysis of understanding how Chinese economy became a miracle in the world economic history and its...

Chapter 1. Overview: Constructing the Political Economy of Socialism with Chinese Characteristics in New Era -- Chapter 2. Epistemology and Methodology -- Chapter 3. Follow the Logic of the New Normal of Economic Development -- Chapter 4. New Development Concept Leads the New Normal -- Chapter...