Nineteen international academics, researchers, and economists contribute 14 chapters examining the risks to and problems associated with the emergence of China as a high-income economy and modern society. Issues addressed include the questionable sustainability of investment-led growth, exchange rate flexibility, the implications of demographic transition for growth, the effects of political institutions on growth, rural-urban migration and urbanization, social security and welfare in urban China, corporate aspects of China's emerging market economy, and changes in the structure of Chinese foreign trade. Distributed in the U.S. by ISBS. Annotation 2006 Book News, Inc., Portland, OR (booknews.com)
