China's Economic Supertrends

China's Economic Supertrends

Author: Jason Inch

Publisher: Inchina Publishing

Published: 2012-04-01

Total Pages: 402

ISBN-13: 9780987984715

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This deeply researched account of the future of China's economy describes China's top macroeconomic trends and how you can profit from them. These trends affect everyone, inside and outside of China. Between now and 2018, many new opportunities exist for businesspeople, investors and individuals who want to take advantage of China's economic transformation. Researcher and China expert Jason Inch shows you how to understand China's economic development from a new perspective so that you can position your business, portfolio or career for the maximum return. The author's insights into China's economy, its people and its political leaders have been gained through over eight years of on-the-ground experience working in China and two decades of research. Based on discussions with CEOs, professors, politicians and entrepreneurs, this book explains why some have succeeded in China and others have not and helps you to become one of the success stories. The key to understanding the next phase of China's economic growth until 2018 is found within China's three growth engines, the three turbochargers, its roadmap and the four economic supertrends. For decades, the Chinese central government relied on exports and foreign investment to develop the Chinese economy. Now it is time for the Chinese consumer to be a new growth engine of the Chinese economy. The other growth engines are still important, and all will be powered forward by the turbochargers, three forces that explain why China will succeed in shaping its domestic and the global economy faster than any thought possible. A full chapter on China's roadmap--the Five-Year Plan and related documents--helps the reader understand the direction China's industry and economy will take in the next five years, ideal for strategic positioning, stock portfolio planning or new career directions. Finally, China's four economic supertrends--new manufacturing, urbanization, sustainability and affluence--show the areas where businesses, investors and professionals should concentrate their actions and effort. These supertrends hold the greatest opportunities as China progresses through its Olympic Decade, from 2008 to 2018. These ideas were first documented in the 2008 book Supertrends of Future China. Jason Inch and his co-author Dr. James K. Yuann accurately predicted that China would not only survive the global financial crisis, but thrive. This completely revised and updated work continues and expands the successful supertrends model for business success and investment returns. As a strategic manual for executives, a guide for investors, or inspiration for individuals charting new career paths, China's Economic Supertrends offers unique insights and ideas to the reader.


Book Synopsis China's Economic Supertrends by : Jason Inch

Download or read book China's Economic Supertrends written by Jason Inch and published by Inchina Publishing. This book was released on 2012-04-01 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: This deeply researched account of the future of China's economy describes China's top macroeconomic trends and how you can profit from them. These trends affect everyone, inside and outside of China. Between now and 2018, many new opportunities exist for businesspeople, investors and individuals who want to take advantage of China's economic transformation. Researcher and China expert Jason Inch shows you how to understand China's economic development from a new perspective so that you can position your business, portfolio or career for the maximum return. The author's insights into China's economy, its people and its political leaders have been gained through over eight years of on-the-ground experience working in China and two decades of research. Based on discussions with CEOs, professors, politicians and entrepreneurs, this book explains why some have succeeded in China and others have not and helps you to become one of the success stories. The key to understanding the next phase of China's economic growth until 2018 is found within China's three growth engines, the three turbochargers, its roadmap and the four economic supertrends. For decades, the Chinese central government relied on exports and foreign investment to develop the Chinese economy. Now it is time for the Chinese consumer to be a new growth engine of the Chinese economy. The other growth engines are still important, and all will be powered forward by the turbochargers, three forces that explain why China will succeed in shaping its domestic and the global economy faster than any thought possible. A full chapter on China's roadmap--the Five-Year Plan and related documents--helps the reader understand the direction China's industry and economy will take in the next five years, ideal for strategic positioning, stock portfolio planning or new career directions. Finally, China's four economic supertrends--new manufacturing, urbanization, sustainability and affluence--show the areas where businesses, investors and professionals should concentrate their actions and effort. These supertrends hold the greatest opportunities as China progresses through its Olympic Decade, from 2008 to 2018. These ideas were first documented in the 2008 book Supertrends of Future China. Jason Inch and his co-author Dr. James K. Yuann accurately predicted that China would not only survive the global financial crisis, but thrive. This completely revised and updated work continues and expands the successful supertrends model for business success and investment returns. As a strategic manual for executives, a guide for investors, or inspiration for individuals charting new career paths, China's Economic Supertrends offers unique insights and ideas to the reader.

China's Economic Supertrends: How China is Changing from the Inside Out to Become the World's Next Economic Superpower

China's Economic Supertrends: How China is Changing from the Inside Out to Become the World's Next Economic Superpower

Author:

Publisher: InChina Publishing

Published:

Total Pages: 391

ISBN-13: 0987984705

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Book Synopsis China's Economic Supertrends: How China is Changing from the Inside Out to Become the World's Next Economic Superpower by :

Download or read book China's Economic Supertrends: How China is Changing from the Inside Out to Become the World's Next Economic Superpower written by and published by InChina Publishing. This book was released on with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Supertrends Of Future China: Billion Dollar Business Opportunities For China's Olympic Decade

Supertrends Of Future China: Billion Dollar Business Opportunities For China's Olympic Decade

Author: James K Yuann

Publisher: World Scientific

Published: 2008-07-31

Total Pages: 309

ISBN-13: 9814338346

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The Beijing Olympics in 2008 marks the beginning of an era of new business opportunities in China for 1.3 billion Chinese and the rest of the world. For investors, marketers, and businesspeople who want to understand the new drivers and business chances of the Chinese economy, Supertrends of Future China is the definitive guidebook. The authors — two experts with decades of experience in Asia and both corporate and entrepreneurial track records — introduce readers to China's ten supertrends: Value-adding and Innovating, Urbanizing and Servicing, Consuming and Aspiring, Inter-networking and e-Commercializing, Affluencing and Greening. These supertrends form the foundations of the best opportunities in the manufacturing, service, lifestyle, e-Commerce, telecommunications, finance, and environment industries during China's Olympic Decade.This complete book of new China opportunities presents the latest information and analysis from a positive and objective angle, focusing on the potential for business success rather than finger-pointing and fear-mongering. Written by businesspeople for businesspeople, it is an essential book for anybody doing business, investing, or working in China. It will also appeal to general readers interested in China's social, economic, and environmental development.


Book Synopsis Supertrends Of Future China: Billion Dollar Business Opportunities For China's Olympic Decade by : James K Yuann

Download or read book Supertrends Of Future China: Billion Dollar Business Opportunities For China's Olympic Decade written by James K Yuann and published by World Scientific. This book was released on 2008-07-31 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Beijing Olympics in 2008 marks the beginning of an era of new business opportunities in China for 1.3 billion Chinese and the rest of the world. For investors, marketers, and businesspeople who want to understand the new drivers and business chances of the Chinese economy, Supertrends of Future China is the definitive guidebook. The authors — two experts with decades of experience in Asia and both corporate and entrepreneurial track records — introduce readers to China's ten supertrends: Value-adding and Innovating, Urbanizing and Servicing, Consuming and Aspiring, Inter-networking and e-Commercializing, Affluencing and Greening. These supertrends form the foundations of the best opportunities in the manufacturing, service, lifestyle, e-Commerce, telecommunications, finance, and environment industries during China's Olympic Decade.This complete book of new China opportunities presents the latest information and analysis from a positive and objective angle, focusing on the potential for business success rather than finger-pointing and fear-mongering. Written by businesspeople for businesspeople, it is an essential book for anybody doing business, investing, or working in China. It will also appeal to general readers interested in China's social, economic, and environmental development.

Supertrends of Future China

Supertrends of Future China

Author: James K. Yuann

Publisher: World Scientific

Published: 2008

Total Pages: 309

ISBN-13: 981281440X

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The Beijing Olympics in 2008 marks the beginning of an era of new business opportunities in China for 1.3 billion Chinese and the rest of the world. For investors, marketers, and businesspeople who want to understand the new drivers and business chances of the Chinese economy, Supertrends of Future China is the definitive guidebook. The authors OCo two experts with decades of experience in Asia and both corporate and entrepreneurial track records OCo introduce readers to China''s ten supertrends: Value-adding and Innovating, Urbanizing and Servicing, Consuming and Aspiring, Inter-networking and e-Commercializing, Affluencing and Greening. These supertrends form the foundations of the best opportunities in the manufacturing, service, lifestyle, e-Commerce, telecommunications, finance, and environment industries during China''s Olympic Decade.This complete book of new China opportunities presents the latest information and analysis from a positive and objective angle, focusing on the potential for business success rather than finger-pointing and fear-mongering. Written by businesspeople for businesspeople, it is an essential book for anybody doing business, investing, or working in China. It will also appeal to general readers interested in China''s social, economic, and environmental development.


Book Synopsis Supertrends of Future China by : James K. Yuann

Download or read book Supertrends of Future China written by James K. Yuann and published by World Scientific. This book was released on 2008 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Beijing Olympics in 2008 marks the beginning of an era of new business opportunities in China for 1.3 billion Chinese and the rest of the world. For investors, marketers, and businesspeople who want to understand the new drivers and business chances of the Chinese economy, Supertrends of Future China is the definitive guidebook. The authors OCo two experts with decades of experience in Asia and both corporate and entrepreneurial track records OCo introduce readers to China''s ten supertrends: Value-adding and Innovating, Urbanizing and Servicing, Consuming and Aspiring, Inter-networking and e-Commercializing, Affluencing and Greening. These supertrends form the foundations of the best opportunities in the manufacturing, service, lifestyle, e-Commerce, telecommunications, finance, and environment industries during China''s Olympic Decade.This complete book of new China opportunities presents the latest information and analysis from a positive and objective angle, focusing on the potential for business success rather than finger-pointing and fear-mongering. Written by businesspeople for businesspeople, it is an essential book for anybody doing business, investing, or working in China. It will also appeal to general readers interested in China''s social, economic, and environmental development.

China 2049

China 2049

Author: David Dollar

Publisher: Brookings Institution Press

Published: 2020-06-09

Total Pages: 444

ISBN-13: 0815738064

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How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.


Book Synopsis China 2049 by : David Dollar

Download or read book China 2049 written by David Dollar and published by Brookings Institution Press. This book was released on 2020-06-09 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.

China's Growth

China's Growth

Author: Linda Yueh

Publisher: OUP Oxford

Published: 2013-04-11

Total Pages: 368

ISBN-13: 0191548340

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China's economic growth has transformed the country from one of the poorest in the world to its second largest economy. Understanding the drivers of growth remains elusive as the country is affected by both its transition from central planning and the challenges of a developing country. This book examines the main themes of growth, offering micro level evidence to shed light on the macro drivers of the economy. It also focuses on law and informal institutions of the economy to highlight the importance of entrepreneurship and the development of the private sector.


Book Synopsis China's Growth by : Linda Yueh

Download or read book China's Growth written by Linda Yueh and published by OUP Oxford. This book was released on 2013-04-11 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's economic growth has transformed the country from one of the poorest in the world to its second largest economy. Understanding the drivers of growth remains elusive as the country is affected by both its transition from central planning and the challenges of a developing country. This book examines the main themes of growth, offering micro level evidence to shed light on the macro drivers of the economy. It also focuses on law and informal institutions of the economy to highlight the importance of entrepreneurship and the development of the private sector.

The Chinese Century: The Rising Chinese Economy And Its Impact On The Global Economy, The Balance Of Power, And Your Job

The Chinese Century: The Rising Chinese Economy And Its Impact On The Global Economy, The Balance Of Power, And Your Job

Author: Shenkar

Publisher:

Published:

Total Pages:

ISBN-13: 9788129708069

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China, The 21St Century'S New #1 Economic Superpower? What It Will Mean To You. By 2015, China May Well Have The World'S Largest Economy. That Will Powerfully Impact You: Your Job, Your Company, Your Economic Future, And Your Country. In The Chinese Century, Oded Shenkar Shows How China Is Restoring Its Imperial Glory By Infusing Modern Technology And Market Economics Into A Non-Democratic System Controlled By The Communist Party And Bureaucracy. Shenkar Shows Why China'S Quest For Global Success Differs Radically From Predecessors Such As Japan, India, And Mexico... Why It Represents A Fundamental Restructuring Of The Global Business System... And Why It Will Transform The Roles Of Participants In The Global Economy. He Previews Tomorrow'S New Competitive Ground Rules, Terms Of Employment, And Consumption Patterns, And Shows How Chinese Ascendancy Is Redrawing Political, Economic, And Social Battle Lines. You'Ll Learn Why The U.S. Is Most Vulnerable To China'S Ascent... How China'S Disregard For Intellectual Property Creates Sustainable Competitive Advantage... How China'S Growth Impacts Global Businesses And Individual Purchasing Decisions. Above All, Shenkar Shows What You Must Do To Survive And Prosper In The Chinese Century.


Book Synopsis The Chinese Century: The Rising Chinese Economy And Its Impact On The Global Economy, The Balance Of Power, And Your Job by : Shenkar

Download or read book The Chinese Century: The Rising Chinese Economy And Its Impact On The Global Economy, The Balance Of Power, And Your Job written by Shenkar and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: China, The 21St Century'S New #1 Economic Superpower? What It Will Mean To You. By 2015, China May Well Have The World'S Largest Economy. That Will Powerfully Impact You: Your Job, Your Company, Your Economic Future, And Your Country. In The Chinese Century, Oded Shenkar Shows How China Is Restoring Its Imperial Glory By Infusing Modern Technology And Market Economics Into A Non-Democratic System Controlled By The Communist Party And Bureaucracy. Shenkar Shows Why China'S Quest For Global Success Differs Radically From Predecessors Such As Japan, India, And Mexico... Why It Represents A Fundamental Restructuring Of The Global Business System... And Why It Will Transform The Roles Of Participants In The Global Economy. He Previews Tomorrow'S New Competitive Ground Rules, Terms Of Employment, And Consumption Patterns, And Shows How Chinese Ascendancy Is Redrawing Political, Economic, And Social Battle Lines. You'Ll Learn Why The U.S. Is Most Vulnerable To China'S Ascent... How China'S Disregard For Intellectual Property Creates Sustainable Competitive Advantage... How China'S Growth Impacts Global Businesses And Individual Purchasing Decisions. Above All, Shenkar Shows What You Must Do To Survive And Prosper In The Chinese Century.

China's New Sources of Economic Growth: Vol. 1

China's New Sources of Economic Growth: Vol. 1

Author: Ligang Song

Publisher: ANU Press

Published: 2016-07-21

Total Pages: 545

ISBN-13: 1760460354

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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 mainstays of the old model of growth, the hauling in of the immense debt hangover from the fiscal and monetary expansion that pulled China out of the Great Crash of 2008 would all have been hard at any time. They are harder when changes in economic policy and structure coincide with stagnation in global trade and rising protectionist sentiment in developed countries, extraordinarily rapid demographic change and recognition of the urgency of easing the environmental damage from the old model. China’s economy has slowed and there are worries that the authorities will not be able to contain the slowdown within preferred limits. This year’s Update explores the challenge of the slowdown in growth and the change in economic structure. Leading experts on China’s economy and environment review change within China’s new model of growth, and its interaction with ageing, environmental pressure, new patterns of urbanisation, and debt problems at different levels of government. It illuminates some new developments in China’s economy, including the transformational potential of internet banking, and the dynamics of financial market instability. China’s economic development since 1978 is full of exciting change, and this year’s China Update is again the way to know it as it is happening.


Book Synopsis China's New Sources of Economic Growth: Vol. 1 by : Ligang Song

Download or read book China's New Sources of Economic Growth: Vol. 1 written by Ligang Song and published by ANU Press. This book was released on 2016-07-21 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 mainstays of the old model of growth, the hauling in of the immense debt hangover from the fiscal and monetary expansion that pulled China out of the Great Crash of 2008 would all have been hard at any time. They are harder when changes in economic policy and structure coincide with stagnation in global trade and rising protectionist sentiment in developed countries, extraordinarily rapid demographic change and recognition of the urgency of easing the environmental damage from the old model. China’s economy has slowed and there are worries that the authorities will not be able to contain the slowdown within preferred limits. This year’s Update explores the challenge of the slowdown in growth and the change in economic structure. Leading experts on China’s economy and environment review change within China’s new model of growth, and its interaction with ageing, environmental pressure, new patterns of urbanisation, and debt problems at different levels of government. It illuminates some new developments in China’s economy, including the transformational potential of internet banking, and the dynamics of financial market instability. China’s economic development since 1978 is full of exciting change, and this year’s China Update is again the way to know it as it is happening.

China's Economy Into the New Century

China's Economy Into the New Century

Author: John Wong

Publisher: World Scientific

Published: 2002

Total Pages: 478

ISBN-13: 9789812778277

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In the last two decades of the 20th century, China stood out as the world''s star performer in economic growth, thanks to the market-oriented reform that started in 1978. At the turn of the century, the Chinese economy faces a series of challenges to sustain its growth and stability. The two-decade-long rapid growth has effectively strengthened China''s economic power and raised its people''s standard of living. It has also transformed China from a centrally planned command economy into a OC socialist market economyOCO, which operates increasingly in line with capitalist norms. Major structural problems, however, remain and are growing acute. Weakness in the fiscal system breeds rent seeking at the local level and causes tension in the state budget. The flawed financial institutions and the biased ownership structure continue to distort resource allocation and cause huge efficiency losses. Inter-provincial and inter-regional disparity is reaching a level that threatens national unity and social stability. As China joins the World Trade Organization and becomes more integrated into the world economy, it urgently needs to improve the domestic business environment and to beef up indigenous industries for foreign competition.This volume is a collection of papers written by scholars at the East Asian Institute to address those problems during the period 1999OCo2001. The authors, with their knowledge and experience in China studies, provide in-depth observations and professional analyses of some of the most important issues for the Chinese economy at the turn of the century. Some of the observations and analyses lead to enlightening policy recommendations. The solid scholarship combined with the policy orientation of these papers will appeal greatly to researchers in academia, governments and other institutions. The policy-oriented and fact-based analyses will also be of interest to practitioners in business, including business consultants."


Book Synopsis China's Economy Into the New Century by : John Wong

Download or read book China's Economy Into the New Century written by John Wong and published by World Scientific. This book was released on 2002 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last two decades of the 20th century, China stood out as the world''s star performer in economic growth, thanks to the market-oriented reform that started in 1978. At the turn of the century, the Chinese economy faces a series of challenges to sustain its growth and stability. The two-decade-long rapid growth has effectively strengthened China''s economic power and raised its people''s standard of living. It has also transformed China from a centrally planned command economy into a OC socialist market economyOCO, which operates increasingly in line with capitalist norms. Major structural problems, however, remain and are growing acute. Weakness in the fiscal system breeds rent seeking at the local level and causes tension in the state budget. The flawed financial institutions and the biased ownership structure continue to distort resource allocation and cause huge efficiency losses. Inter-provincial and inter-regional disparity is reaching a level that threatens national unity and social stability. As China joins the World Trade Organization and becomes more integrated into the world economy, it urgently needs to improve the domestic business environment and to beef up indigenous industries for foreign competition.This volume is a collection of papers written by scholars at the East Asian Institute to address those problems during the period 1999OCo2001. The authors, with their knowledge and experience in China studies, provide in-depth observations and professional analyses of some of the most important issues for the Chinese economy at the turn of the century. Some of the observations and analyses lead to enlightening policy recommendations. The solid scholarship combined with the policy orientation of these papers will appeal greatly to researchers in academia, governments and other institutions. The policy-oriented and fact-based analyses will also be of interest to practitioners in business, including business consultants."

The Chinese Economy

The Chinese Economy

Author: Barry J. Naughton

Publisher: MIT Press

Published: 2006-10-27

Total Pages: 545

ISBN-13: 0262294133

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This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. In The Chinese Economy, Barry Naughton provides both an engaging, broadly focused introduction to China's economy since 1949 and original insights based on his own extensive research. The book will be an essential resource for students, teachers, scholars, business people, and policymakers. It is suitable for classroom use for undergraduate or graduate courses. After presenting background material on the pre-1949 economy and the industrialization, reform, and market transition that have taken place since, the book examines different aspects of the modern Chinese economy. It analyzes patterns of growth and development, including population growth and the one-child family policy; the rural economy, including agriculture and rural industrialization; industrial and technological development in urban areas; international trade and foreign investment; macroeconomic trends and cycles and the financial system; and the largely unaddressed problems of environmental quality and the sustainability of growth. The text is notable also for placing China's economy in interesting comparative contexts, discussing it in relation to other transitional or developing economies and to such advanced industrial countries as the United States and Japan. It provides both a broad historical and macro perspective as well as a focused examination of the actual workings of China's complex and dynamic economic development. Interest in the Chinese economy will only grow as China becomes an increasingly important player on the world's stage. This book will be the standard reference for understanding and teaching about the next economic superpower.


Book Synopsis The Chinese Economy by : Barry J. Naughton

Download or read book The Chinese Economy written by Barry J. Naughton and published by MIT Press. This book was released on 2006-10-27 with total page 545 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. In The Chinese Economy, Barry Naughton provides both an engaging, broadly focused introduction to China's economy since 1949 and original insights based on his own extensive research. The book will be an essential resource for students, teachers, scholars, business people, and policymakers. It is suitable for classroom use for undergraduate or graduate courses. After presenting background material on the pre-1949 economy and the industrialization, reform, and market transition that have taken place since, the book examines different aspects of the modern Chinese economy. It analyzes patterns of growth and development, including population growth and the one-child family policy; the rural economy, including agriculture and rural industrialization; industrial and technological development in urban areas; international trade and foreign investment; macroeconomic trends and cycles and the financial system; and the largely unaddressed problems of environmental quality and the sustainability of growth. The text is notable also for placing China's economy in interesting comparative contexts, discussing it in relation to other transitional or developing economies and to such advanced industrial countries as the United States and Japan. It provides both a broad historical and macro perspective as well as a focused examination of the actual workings of China's complex and dynamic economic development. Interest in the Chinese economy will only grow as China becomes an increasingly important player on the world's stage. This book will be the standard reference for understanding and teaching about the next economic superpower.