China's economic performance over recent years has been impressive, managing to weather the Asian crisis of the late 1990s largely unscathed, as well as sustaining growth in the face of the recent global downturn. However, there are structural weaknesses in its economy which, if unmet, could undermine its economic stability and growth. This book examines these challenges and China's efforts to address them, in order to ensure China can compete successfully in the global economy and sustain its economic performance whilst spreading the benefits more widely across society. Topics covered include: provincial growth dynamics, foreign direct investment, medium-term fiscal issues; state enterprise reforms, the impact of WTO accession, and exchange rate policy.

Volume editor: Wanda Tseng, Markus Rodlauer