The book summarizes the experiences of economic development and reform in China and other countries or regions in the world. It presents a theory of economic development and transition, and analyzes the remarkable achievements China has made in the process of reform and development, discusses Chinas main economic and social issues and explores their causes and solutions. The new edition updates some data and analysis in line with the new international economic situation and changes of Chinas economic growth after 2008, and also adds an appendix on global imbalances, reserve currency, and global economic governance.
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