This book provides the most insightful and comprehensive examination of China's strategy and implementation of its economic reform. When history is written China's remarkable transformation may prove to be the 21st century's most compelling theme. The author, Jianlian Wu, is the principle reason why anyone interested in the world ecomomy or global financial developments must read or be aware of this book. Professor Wu alone possesses an authority regarding these developments because of the influential role he has and will continue to play in China's economic reform. Seldom are such books written with this level of authority. We have a story of which we all must be aware being written by one its most important architects. It is as if we had access to Alexander Hamilton when he helped form America’s economic system.

Part One: Introduction to reform Chapter1: The raise of the issue of reform Chapter2: The evolution of China''s reform strategy Part Two: Reform in different sectors Chapter3: Rural reform Chapter4: Reform of state-owned enterprises Chapter5: Development of Nonstate sectors Chapter6: Reform of the banking system and development of the securities market Chapter7: Reform of the fiscal and taxation system Chapter8: Opening to the outside world Part Three: Macroeconomic and social issues Chapter9: establishment of a new social security system Chapter10: Macroeconomic policies in the transitional period Chapter11: Social relations and government functions in the transitional period part Four: Brief Conclusion Chapter12: Concluding remarks