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This book presents a comprehensive overview and an economic analysis of China's economic reform experiences, particularly those since the late 1980s. It covers many institutional details of key aspects of the Chinese economy, including fiscal and monetary management, financial sector development, state enterprise reform, international trade, foreign investment, decentralization and regional development. It is argued that, while China has achieved a spectacular growth record over the recent past, and its reform efforts have laid the foundation of a market-based economic management system, the country continues to face major challenges in sustaining its growth performance.