China is undergoing its long-awaited industrial revolution. There is no shortage of commentary and opinion on this … the creation and nurturing of a continually growing market in China is based on this premise: The free market is a public … and the correct sequence of developmental stages; China has been successfully accomplishing its industrialization through …

The current Chinese development model is nearing its limits. The World Bank has cautioned that China could find itself … in a “middle-income trap”. China recognizes that it must dramatically increase its capacity for innovation to avoid this … trap. This chapter provides an introduction to the enormous complexities and challenges that China faces in transforming …