Nicholas C. Hope is Deputy Director of the Stanford Center for InternationalDevelopment (formerly the Center for Research on Economic Development andPolicy Reform) at Stanford University. Dennis Tao Yang is Associate Professor of Economics at Virginia Polytechnic Institute. Mu Yang Li is a postdoctoral research associate at Stanford Graduate School of Business.

"An excellent examination of many of the crucial issues characterizing China's transition to a market economy. The book will be of great value not only to those people interested in China, but-with increasing globalization-to those interested in the world economy at large." -Carl Riskin,Weatherhead East Asian Institute, Columbia University

• Contents @toc4:Figures Tables Acknowledgments About the Contributors @toc2:1Economic Policy Reform in China @tocca:Nicholas C. Hope, Dennis Tao Yang, and Mu Yang Li @toc1:Section I: Policy Reform in China: What Is Needed Next? @toc2:2China's Transition to a Market Economy: How Far Across the River? @tocca:Yingyi Qian and Jinglian Wu @toc1:Section II: Building Market-Supporting Institutions @toc2:3When Will China's Financial System Meet China's Needs? @tocca:Nicholas R. Lardy @toc2:4Thriving on a Tilted Playing Field: China's Nonstate Enterprises in the Reform Era @tocca:Chong-En Bai, David D. Li, and Yijiang Wang @toc2:5The More Law, the More ... ? Measuring Legal Reform in the People's Republic of China @tocca:William P. Alford @toc1:Section III: Toward Greater Economic Integration @toc2:6Trade Policy, Structural Change, and China's Trade Growth @tocca:William Martin, Betina Dimaranan, Thomas W. Hertel, and Elena Ianchovichina @toc2:7Sizing Up Foreign Direct Investment in China and India @tocca:Shang-jin Wei @toc2:8How Much Can Regional Integration Do to Unify China's Markets? @tocca:Barry Naughton @toc1:Section IV: Sharing Rising Incomes @toc2:9China's War on Poverty @tocca:Scott Rozelle, Linxiu Zhang, and Jikun Huang @toc2:10Social Welfare in China in the Context of Three Transitions @tocca:Athar Hussain @toc2:11Housing Reform in Urban China @tocca:Jeffrey S. Zax @toc1:Section V: Sustaining Policy Reform @toc2:12Can China Grow and Safeguard Its Environment? The Case of Industrial Pollution @tocca:David Wheeler, Hua Wang, and Susmita Dasgupta @toc2:13The Political Economy of China's Rural-Urban Divide @tocca:Dennis Tao Yang and Cai Fang @toc2:14What Will Make Chinese Agriculture More Productive? @tocca:Jikun Huang, Justin Y. Lin, and Scott Rozelle @toc2:15Bending Without Breaking: The Adaptability of Chinese Political Institutions @tocca:Jean C. Oi @toc1:Section VI: Further Research @toc2:16Agenda for Future Research @tocca:Nicholas C. Hope, Dennis Tao Yang, and Mu Yang Li @toc4:Index Library of Congress Subject Headings for this publication:

Nicholas C. Hope is Deputy Director of the Stanford Center for InternationalDevelopment (formerly the Center for Research on Economic Development andPolicy Reform) at Stanford University. Dennis Tao Yang is Associate Professor of Economics at Virginia Polytechnic Institute. Mu Yang Li is a postdoctoral research associate at Stanford Graduate School of Business.

"An excellent examination of many of the crucial issues characterizing China's transition to a market economy. The book will be of great value not only to those people interested in China, but-with increasing globalization-to those interested in the world economy at large." -Carl Riskin,Weatherhead East Asian Institute, Columbia University

• Contents @toc4:Figures Tables Acknowledgments About the Contributors @toc2:1Economic Policy Reform in China @tocca:Nicholas C. Hope, Dennis Tao Yang, and Mu Yang Li @toc1:Section I: Policy Reform in China: What Is Needed Next? @toc2:2China's Transition to a Market Economy: How Far Across the River? @tocca:Yingyi Qian and Jinglian Wu @toc1:Section II: Building Market-Supporting Institutions @toc2:3When Will China's Financial System Meet China's Needs? @tocca:Nicholas R. Lardy @toc2:4Thriving on a Tilted Playing Field: China's Nonstate Enterprises in the Reform Era @tocca:Chong-En Bai, David D. Li, and Yijiang Wang @toc2:5The More Law, the More ... ? Measuring Legal Reform in the People's Republic of China @tocca:William P. Alford @toc1:Section III: Toward Greater Economic Integration @toc2:6Trade Policy, Structural Change, and China's Trade Growth @tocca:William Martin, Betina Dimaranan, Thomas W. Hertel, and Elena Ianchovichina @toc2:7Sizing Up Foreign Direct Investment in China and India @tocca:Shang-jin Wei @toc2:8How Much Can Regional Integration Do to Unify China's Markets? @tocca:Barry Naughton @toc1:Section IV: Sharing Rising Incomes @toc2:9China's War on Poverty @tocca:Scott Rozelle, Linxiu Zhang, and Jikun Huang @toc2:10Social Welfare in China in the Context of Three Transitions @tocca:Athar Hussain @toc2:11Housing Reform in Urban China @tocca:Jeffrey S. Zax @toc1:Section V: Sustaining Policy Reform @toc2:12Can China Grow and Safeguard Its Environment? The Case of Industrial Pollution @tocca:David Wheeler, Hua Wang, and Susmita Dasgupta @toc2:13The Political Economy of China's Rural-Urban Divide @tocca:Dennis Tao Yang and Cai Fang @toc2:14What Will Make Chinese Agriculture More Productive? @tocca:Jikun Huang, Justin Y. Lin, and Scott Rozelle @toc2:15Bending Without Breaking: The Adaptability of Chinese Political Institutions @tocca:Jean C. Oi @toc1:Section VI: Further Research @toc2:16Agenda for Future Research @tocca:Nicholas C. Hope, Dennis Tao Yang, and Mu Yang Li @toc4:Index Library of Congress Subject Headings for this publication:

Nicholas C. Hope is Deputy Director of the Stanford Center for InternationalDevelopment (formerly the Center for Research on Economic Development andPolicy Reform) at Stanford University. Dennis Tao Yang is Associate Professor of Economics at Virginia Polytechnic Institute. Mu Yang Li is a postdoctoral research associate at Stanford Graduate School of Business.

"An excellent examination of many of the crucial issues characterizing China's transition to a market economy. The book will be of great value not only to those people interested in China, but-with increasing globalization-to those interested in the world economy at large." -Carl Riskin,Weatherhead East Asian Institute, Columbia University

• Contents @toc4:Figures Tables Acknowledgments About the Contributors @toc2:1Economic Policy Reform in China @tocca:Nicholas C. Hope, Dennis Tao Yang, and Mu Yang Li @toc1:Section I: Policy Reform in China: What Is Needed Next? @toc2:2China's Transition to a Market Economy: How Far Across the River? @tocca:Yingyi Qian and Jinglian Wu @toc1:Section II: Building Market-Supporting Institutions @toc2:3When Will China's Financial System Meet China's Needs? @tocca:Nicholas R. Lardy @toc2:4Thriving on a Tilted Playing Field: China's Nonstate Enterprises in the Reform Era @tocca:Chong-En Bai, David D. Li, and Yijiang Wang @toc2:5The More Law, the More ... ? Measuring Legal Reform in the People's Republic of China @tocca:William P. Alford @toc1:Section III: Toward Greater Economic Integration @toc2:6Trade Policy, Structural Change, and China's Trade Growth @tocca:William Martin, Betina Dimaranan, Thomas W. Hertel, and Elena Ianchovichina @toc2:7Sizing Up Foreign Direct Investment in China and India @tocca:Shang-jin Wei @toc2:8How Much Can Regional Integration Do to Unify China's Markets? @tocca:Barry Naughton @toc1:Section IV: Sharing Rising Incomes @toc2:9China's War on Poverty @tocca:Scott Rozelle, Linxiu Zhang, and Jikun Huang @toc2:10Social Welfare in China in the Context of Three Transitions @tocca:Athar Hussain @toc2:11Housing Reform in Urban China @tocca:Jeffrey S. Zax @toc1:Section V: Sustaining Policy Reform @toc2:12Can China Grow and Safeguard Its Environment? The Case of Industrial Pollution @tocca:David Wheeler, Hua Wang, and Susmita Dasgupta @toc2:13The Political Economy of China's Rural-Urban Divide @tocca:Dennis Tao Yang and Cai Fang @toc2:14What Will Make Chinese Agriculture More Productive? @tocca:Jikun Huang, Justin Y. Lin, and Scott Rozelle @toc2:15Bending Without Breaking: The Adaptability of Chinese Political Institutions @tocca:Jean C. Oi @toc1:Section VI: Further Research @toc2:16Agenda for Future Research @tocca:Nicholas C. Hope, Dennis Tao Yang, and Mu Yang Li @toc4:Index Library of Congress Subject Headings for this publication: