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China's Economic Challenge
Neil C. Hughes
Price: $ 24.95

Although China is undertaking revolutionary economic reforms, they have not gone far enough -- the iron rice bowl, the symbol of the Communist Party's promise to provide cradle-to-grave security, is cracked but still intact.

This book lays bare the reality behind China's efforts at economic modernization by showing what is happening to the industrial forces that help shape the economy; how economic agents have behaved; what government intentions really are; and how the transition from a centralized to a market-oriented economy has been filled with contradictions and difficult choices. The author looks at issues such as China's WTO membership, the Three Gorges project, the widening differences between urban and rural areas, and the government's efforts to protect its own interests and maintain stability. He also discusses the impact of reform and the situation facing state enterprises, the banking system, the agricultural sector, and the environment.

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