This volume introduces readers to the achievements made in the context of Chinäs reform and opening up. It tells Chinäs story with regard to twelve aspects: the reform path, opening up, macro-economy, regional development, the ¿three rural¿ policy, poverty alleviation, industrial development, scientific and technological leadership, ecological civilization, human resources, social security, and income distribution.

On the one hand, Chinäs successes and lessons learned in this regard ¿ e.g. the establishment of special economic zones and pilot zones in advance, followed by the implementation of regional development strategies ¿ can be condensed into a general sense of Chinese wisdom. On the other, Chinäs participation in economic globalization and global economic governance can serve as a role model, helping developing countries overcome poverty and move towards modernization.

As China accounts for nearly one fifth of the world¿s total population, the problems and difficulties that it faced at the beginning of reform and opening up are similar to those of many developing countries; therefore, it can provide valuable guidance for developing countries in the form of Chinese wisdom and Chinese approach.

Fang Cai, graduated from Renmin University of China and the Graduate School of the Chinese Academy of Social Sciences (CASS). He holds Ph.D. degree in Economics. Currently he serves as Member of Standing Committee and Vice Chairman of Agricultural and Rural Committee of National People's Congress of China, Academician and Vice President of CASS. He is also Member of Advisory Committees of several ministries of Chinese government. He was rewarded in recent years by China Soft Science Prize, Zhang Peigang Development Economics Prize and Sun Yefang Economics Prize. His published books include The Chinese Economy, Avoiding the Middle Income Trap, and Beyond Demographic Dividend. He has edited Greenbook Series of Population and Labor.