This book lays bare the reality behind China's efforts at economic modernization by showing: (1) what is happening to the industrial forces that help shape the economy; (2) how economic agents have behaved; (3) what government intentions really are; and (4) how the transition from a centralized to a market-oriented economy has been filled with contradictions and difficult choices. The author examines issues such as China's WTO membership; the Three Gorges Project; the widening differences between the urban and rural areas; the government's efforts to protect its own interests and maintain stability; the impact of reform; and the situation facing state enterprises, the banking system, the agricultural sector, and the environment.

About the Author

Neil Hughes has spent thirty-two years working in twenty-five countries as an industrial and financial specialist and project manager with the World Bank. During 1992–2002, he helped Chinese officials and state enterprise managers implement economic reforms and restructure enterprises. He has an M.A. in international economics and politics from The Fletcher School of Law and Diplomacy, Tufts University, an M.A. in anthropology from The George Washington University and a B.A. in history from The College of Wooster.

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