Provides an insider's examination of China's economic reform and its political implications. The book sheds new light on the Chinese approach to reform, including its dual-goal, dynamic gradualism and reform leadership. It assesses the vast social and political changes set forth by the reform and the international ramifications of China's rise.

WEI-WEI ZHANG is Senior Research Fellow at the Modern Asia Research Centre, Geneva University and Professor at the College of the Humanities, Fudan University, China. He worked as a senior English interpreter for the Chinese leaders in the mid-1980s. His recent publications include Ideology and Economic Reform under Deng Xiaoping (1978-1993).

Acknowledgements List of Tables Abbreviations Introduction PART I: ECONOMIC REFORM: AN OVERVIEW Rural Reform Urban Reform Macroeconomic Reform Opening to the Outside World PART II: ECONOMIC REFORM: DISTINCTIVE FEATURES Dual Goal: Development and Transition Soft and Hard Reforms Dynamic Gradualism Ideological Reorientation Reform Leadership The Role of Overseas Chinese PART III: POLITICAL IMPLICATIONS OF ECONOMIC REFORM Changing Social Structure Informal Liberalization Shifting Values Corruption Regionalism Political Reform Chinese Economic Area International Implications Conclusion Bibliography Index