Why investment and financial reform are essential to China's continued economic well-being

Although China's economy has grown spectacularly over the last twenty-five years, economists disagree about how the Chinese economy is likely to fare in the short- and long-term future. Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? The first book on the relation between investment, finance, and growth in China, How China Grows dismisses this concern. James Riedel, Jing Jin, and Jian Gao argue that investment has not only been the engine of growth, but also the main source of technological progress and structural change in China.

What threatens future growth instead, the authors argue, are the weaknesses of China's financial system that undermine efficiency in investment allocation. Financial-sector reform and development are necessary, not only for sustaining long-term growth, but also for maintaining macroeconomic stability.

Although it includes some technical economic analysis, How China Grows is accessible to noneconomists and will benefit anyone who is interested in development finance in general and in China's economic growth in particular―whether economists, political scientists, bankers, or business people.

About the Author

James Riedel is Professor of International Economics at Johns Hopkins University's School of Advanced International Studies. Jing Jin is Director of China Strategy for UBS AG Hong Kong, and a professor at Beijing's Central University of Finance and Economics. Jian Gao is Vice-Governor of the China Development Bank in Beijing.

"About this title" may belong to another edition of this title.

Store Description

Labyrinth is an acclaimed independent bookstore serving the students and faculty of Princeton University as well as the town of Princeton and beyond. As the official bookstore for Princeton University, our independent store specializes in academic books for scholars, and we can always be relied upon to provide those books that form the backbone of current debates both inside and outside of the universities. We also carry books of broad and general interest: contemporary and classic literature, poetry, current events, history, philosophy, theology, cookbooks, comics, and books for children. We offer a large selection of constantly-changing inventory, daily sales and deep discounts on most books, used and antiquarian titles.

Visit Seller's Storefront

Seller's business information

Great Jones Books, Inc.
27 Route 31 South, Pennington, NJ, 08534, U.S.A.

Sale & Shipping Terms

Terms of Sale

Purchase will be shipped upon receipt of payment including any additional shipping costs. NJ residents add appropriate sales tax. If you are dissatisfied (Incorrect Item/Not as Described/Damaged) or if the order has not arrived by the latest estimated delivery date, you maybe be eligible for a refund within 30 days of the estimated delivery date. Please contact us for any other return inquiries, and we will respond within 2 business days.

Shipping Terms

Orders usually ship within 2 business days. Shipping costs are based on books weighing 2.2 lbs or less, or 1 kg. Heavy or oversized books may require additional shipping charges.

Domestic shipping: Under 2.2 lbs
Media Mail $4.00 per book + $1.00 for each additional book
Priority Mail $7.00 per book + $3.00 for each additional book

Standard Shipping orders will be delivered via UPS Ground and USPS Media Mail, typically 2-5 business days for in-stock items. In-stock items will generally ship by the next business day.

Please note: While the overwhelming majority of packages shipped via USPS Media Mail arrive within the time specified above, in rare cases shipments can take up to 3 to 5 weeks to arrive. Media Mail shipments to Alaska, Hawaii, Guam, Puerto Rico and APO/FPO addresses can take up 3 to 8 weeks to arrive.

Shipping rates within U.S.A.

Shipping rates within U.S.A.
Order quantity	4 to 8 business days	2 to 5 business days
First item	US$ 4.50	US$ 13.00

Delivery times are set by sellers and vary by carrier and location. Orders passing through Customs may face delays and buyers are responsible for any associated duties or fees. Sellers may contact you regarding additional charges to cover any increased costs to ship your items.