Sustained economic growth and social stability are the key drivers of Chinese policy since 1978. China's economic reforms have gradually opened up its economy to both international trade and foreign direct investment and allowed the emergence of a non-public sector. Ongoing reforms have been given added impetus by China's membership of the WTO in 2001. However, it is also evident that over the years, which Chinese government has been trying to use the power of the market to spur economic growth and allocate resources efficiently, it is also cautious to retain ultimate control over the over-all directions of the market so that their key policies can be implemented.

This book is an attempt to provide insight into the changes that have been taking place in China right before our eyes during the last three decades in general and the last decade in particular. This text also portrays the sense of momentum, complexity, and historical context that underpins China's contemporary ascendance as a global economic and political force since joining the WTO in 2001.



Author Bio: Dr. Pradip Putatunda is the executive director and senior research fellow of Centre for Economic Research and Government policy studies, Hong Kong. He is also acting as advisor of Center for Asian and African studies, Hong Kong. In his other official capacity, Dr. Putaunda is an ex-banker and is also serving as Financial Consultant to a group of companies in Hong Kong. He had been the Honorary Research Associate of Hong Kong America Center, Chinese University, Hong Kong during 2001-2002. During 2006-2008, he had been the Guest Research Associate of China Development Institute, Shenzhen, China, a China State Council approved independent think tank for research and consulting.

Dr. Putatunda is an M.A in Commerce and Ph.D in Finance from Calcutta University. He has published extensively on Chinese economy, social politics and social developments, as well as in the area of developmental role of states in different social and economic contexts. He is the co-author of China Perspectives (2001).