"China: The Next Twenty Years of Reform and Development highlights how the deepening of reforms in critical areas such as domestic factor markets, the exchange rate regime and the health system, combined with the strengthening of channels for effective policy implementation, will enable China to...

"The book discusses these important issues by focusing on China's long-term pattern of growth and employment, demographic shifts and rural-urban migration, its agricultural trade and local elections, China's banking sector reform and its fiscal sustainability, China's interaction with the...

China's change to a new model of growth, now called the 'new normal', was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the...

"The book reports and interprets results from a detailed study of the contemporary private sector in China. It is based on the Technical Report on Private Enterprise Development in China commissioned by the International Finance Corporation (IFC) and the State Economic and Trade Commission...

1. Catching up with America / Ross Garnaut -- 2. Cyclical growth rebound and secular consumption patterns / Yiping Huang -- 3. State-owned enterprise reform: has it been effective / Xiaolu Wang -- 4. WTO accession and regional incomes / Tingsong Jiang -- 5. Competition, ownership diversification...

25 years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. China is emerging as the new powerhouse for the world economy. This book discusses the impact and significance of this transformation, presenting conclusions...