The Chinese economy today is at a critical crossroads. Sustained rapid growth has given rise to structural strains as well as sectoral imbalances. It has also generated socio-economic problems such as rising income inequality, rural discontent and environmental degradation. All of these must be addressed before China can enter the next lap of high growth.

Containing 12 chapters, this volume is a collaborative effort of leading economists from Beijing, Singapore and elsewhere in the region in analyzing China’s economic growth prospects and their concomitant problems and constraints.

Contents:

• China’s Changing Economic Growth Modes in Historical Perspective (W Liu & Z Cai)
• China’s Economic Growth in East Asian Context (J Wong)
• China’s 11th Five-Year-Plan: A Critical Perspective (K Y Tan)
• China in Search of New Sources of Growth (Y Wu)
• Limited Catch-Up and China’s Economic Growth (R Yang & Y Yang)
• Manufacturing Fragmentation and the Emergence of China as a Trading Nation (S Y Tong)
• China’s Central-Local Fiscal Disparity (S Lin)
• China’s Banking System Reform: A Critical Survey (L He)
• China’s Capital Market Reform: Problem and Prospects (D Lu & N Li)
• Chinese Government Spending on Primary Education: Inequality and Trend (L Zhao & S H Tan)
• China’s Demographic Dividend and Economic Growth (D Wang)
• Problems and Prospects of China’s Health Reforms (Å Blomqvist)