Arthur R. Kroeber is founding partner and managing director of Gavekal Dragonomics, a research firm focusing on China with offices in Hong Kong and Beijing. Before establishing Dragonomics in 2002, he spent 15 years as a financial and economic journalist in China and South Asia. He is senior non-resident fellow at the Brookings-Tsinghua Center in Beijing, adjunct professor at the Columbia University School of International and Public Affairs and at the NYU Stern School of Business, and a member of the National Committee on US-China Relations.

(This) Updated second edition explains how China's economy rose to its position today and where it might be headed in the coming years, highlighting China's increased relevance to the world since 2016.

• PrefaceAcknowledgments 1. Why China Matters2. Population, Geography, and History3. China's Political Economy4. Agriculture, Land, and the Rural Economy5. Industry, Exports, and Technology6. Urbanization and Infrastructure7. The Enterprise System8. The Government Finance System9. The Financial System10. Energy and the Environment11. Demographics and the Labor Market12. The Emerging Consumer Economy13. The Social Compact14. Changing the Growth Model15. China and the World: Is Conflict Inevitable? For Further ReadingNotes Index

Arthur R. Kroeber is founding partner and managing director of Gavekal Dragonomics, a research firm focusing on China with offices in Hong Kong and Beijing. Before establishing Dragonomics in 2002, he spent 15 years as a financial and economic journalist in China and South Asia. He is senior non-resident fellow at the Brookings-Tsinghua Center in Beijing, adjunct professor at the Columbia University School of International and Public Affairs and at the NYU Stern School of Business, and a member of the National Committee on US-China Relations.

(This) Updated second edition explains how China's economy rose to its position today and where it might be headed in the coming years, highlighting China's increased relevance to the world since 2016.

• PrefaceAcknowledgments 1. Why China Matters2. Population, Geography, and History3. China's Political Economy4. Agriculture, Land, and the Rural Economy5. Industry, Exports, and Technology6. Urbanization and Infrastructure7. The Enterprise System8. The Government Finance System9. The Financial System10. Energy and the Environment11. Demographics and the Labor Market12. The Emerging Consumer Economy13. The Social Compact14. Changing the Growth Model15. China and the World: Is Conflict Inevitable? For Further ReadingNotes Index

Arthur R. Kroeber is founding partner and managing director of Gavekal Dragonomics, a research firm focusing on China with offices in Hong Kong and Beijing. Before establishing Dragonomics in 2002, he spent 15 years as a financial and economic journalist in China and South Asia. He is senior non-resident fellow at the Brookings-Tsinghua Center in Beijing, adjunct professor at the Columbia University School of International and Public Affairs and at the NYU Stern School of Business, and a member of the National Committee on US-China Relations.

(This) Updated second edition explains how China's economy rose to its position today and where it might be headed in the coming years, highlighting China's increased relevance to the world since 2016.

• PrefaceAcknowledgments 1. Why China Matters2. Population, Geography, and History3. China's Political Economy4. Agriculture, Land, and the Rural Economy5. Industry, Exports, and Technology6. Urbanization and Infrastructure7. The Enterprise System8. The Government Finance System9. The Financial System10. Energy and the Environment11. Demographics and the Labor Market12. The Emerging Consumer Economy13. The Social Compact14. Changing the Growth Model15. China and the World: Is Conflict Inevitable? For Further ReadingNotes Index