China's economy continues to grow rapidly, with important consequences for its own society and environment, as well as for the wider world economy. This book provides much-needed insight, using the latest research findings, into China's successful reform experience and its challenges over three decades.

Part I: Overview 1: Success and Challenges: Overview of China's Economic Growth and Reform since 1978 Part II: Financial Sector Reforms and Monetary Policy 2: Mission Completed or Problems Unsolved? A Policy Review of China's Banking Reform 3: Entry Behaviour of Foreign Banks in the Chinese Banking Market 4: The Price-earning Ratios in Chinese Stock Market: an Empirical Investigation 5: Cost Efficiency Analysis in Banking Industries of Ten Asian Countries and Regions 6: An Analysis of Chinese Money and Prices Using a McCallum-type Rule 7: External adjustment failure and cross-currency speculation: Can China be affected? Part III: Economic Reforms and China's Income Disparities 8: China's provincial disparities and the determinants of provincial inequality 9: Understanding the income inequality between inland and coastal China: A systematic perspective 10: Equipment Investment and Openness in China Part IV: Innovation, Corporate Governance and Productivity 11: International Knowledge Spillovers through Returning Entrepreneurs and Innovation in Chinese High-tech Small and Medium Enterprises 12: Corporate Governance and Technological Development in Chinese Firms 13: The limits to university-industry collaboration in Beijing's science park - 14: How Does the Productivity of Foreign Direct Investment Spill over to Local Firms in Chinese Manufacturing? 15: Agricultural Labour and the Incidence of Surplus Labour: Experience from China during Reform Part V: The Emergence of China's Business Groups 16: China's Business Groups After Three Decades of Economic Reform: Diversified Conglomerates or Focused Industrial Groups? 17: Dynamics of Mergers and Acquisitions in the Electricity Industry in China: A Social Network Approach

Liu:

articles in various journals including Research Policy, Management International Review, International Review of Applied Economics, Applied Economics and International Business Review. Her joint paper The trade development path and export spillovers in China: a missing link? received the best competitive paper award at the 32nd annual conference of the Academy of International Business (UK), 2005

Zhang:Articles in Journals and Books

"Trade Power of China", chapter in Accessing the Power of China: Political Economic, and Social Dimensions, edited by Wing Thye Woo and Keun Lee, Routledge, London

2007 "Stepping Stones to National Market Integration: the Role of Special Economic Zones," in China: Linking Marchits for Grwoth edited by Ross Garnaut and Ligang Song, pp. 394-414, Asia Pacific Press the Australian National University.

2007 "Further Reform of Pension System in China; an Alternative Option to Fully Funded Individual Accounts," Asian Economic Papers, Volume 6 Number 2, pp.112-135, Spring 2007, MIT Press, MA.

2005 "Competitiveness of China's manufacturing industry and its impacts on the neighbouring countries," Journal of Chinese Economic and Business Studies, Volume 3 Number. 3 (2005), pp. 205-29, Taylor & Francis, London.

2004 "Can the Strategy of West Development Narrow down China's Regional Disparity?" Asian Economic Papers, Volume 3 Number 3, MIT Press, MA.

2004 "The Economic Policies of the Fourth Generation Chinese Leaders," China Strategy Newsletter, the Center for Strategic and International Studies, Washington DC, Vol. 1. 2004

2001 "Economic Integration and its Impacts on Cross-Strait Relations," Cambridge Review of International Affairs, vol. 14, no. 2, pp. 201-211, Cambridge.

2001 "Rethinking Regional Disparity in China," Economics of Planning, Kluwer Academic Publications, Volume 34, pp.113-138, London

2000 "Why Is Foreign Investment Concentrated in the Coastal Areas?" Harvard Asia Quarterly, Summer 2000, pp.62-69, MA.

1998 "Welfare Effects of Capital Taxation in a Small Open Economy," with Shuanglin Lin, Open Economies Review, Kluwer Academic Publications, 9, pp. 5-20

Publications in Journals and Books (in Asian languages)

Forth- coming Understanding China's Economic Growth, book, (in Chinese)

2004 "International Competitiveness and Productivity of China's Manufacturing Industy," with Zhang Tao, in Rise of China edited by Young-sook Nam, Published by Korean Institute of International Economic Policy, Seoul (in Korean)

2003 "Assessment of Strategy of Developing West in China" China Economic Analysis Working Papers, Taipei, No. 7. 2003, pp 1-15 (in Chinese).

2003 "New Direction of Chinese Capital Market: Preface," in Economic Perspective on China's Stock Exchange, by Hua Sheng, Economic Science Publishing House, pp1-8, Beijing (in Chinese)