List of figures List of tables Preface Opportunities and challenges in China's economic development Why the Scientific and Industrial Revolutions bypassed China The great humiliation and the Socialist Revolution The comparative advantage-defying, catching-up strategy and the traditional economic system Enterprise viability and factor endowments The comparative advantage-following development strategy Rural reform and the three rural issues Urban reform and the remaining issues Reforming the state-owned enterprises The financial reforms Deflationary expansion and building a new socialist countryside Improving the market system and promoting fairness and efficiency for harmonious development Reflections on neoclassical theories Appendix Global imbalances, reserve currency, and global economic governance Index
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