Zhikai Wang is Professor of Economics at Zhejiang University, China. Wang had long worked for Jiangsu Provincial Government before he joined Zhejiang University in late 2002. He is a member of the expert commission of Tianhe Economic Research Institute in Beijing, China, and secretary general of the Centre for Research of Private Economy, China.

"The book provides an important and original perspective and contribution to understanding the future of China by addressing two important issues and their mutual relation: local development and institutional change. Based on a sound knowledge of the Chinese economy and the features and experiences of local development in Zhejiang and Jiangsu, the book provides a novel perspective on what is at the basis of the Chinese economic success and how it could evolve." - Bruno Dallago, Professor, University of Trento, Italy

• 1. The Concept of Private Sector Development and Urbanization 2. The Private Sector Development and China's Regional Urbanization: A Survey 3. The Imbalance of Regional Economic Development in China and its Causes 4. Urbanization and Economic Transition in Regional Economic Development 5. Breaking Through the Constraints of Administrative Divisions and Expanding the Spatial Development of the Metropolitan Economy 6. The Private Sector and the Revitalization of Traditional Marine Industries in Zhejiang Province 7. Standardizing the Financial System and Stimulating Regional Economic Development 8. China's Labor Shortage and the Institutional Loss of the Social Security System for Migrant Workers: An Analysis 9. The Role of Public Finance in Pushing Forward the New Type of Urbanization 10. The Transformation/Upgrading of the Private Sector and the Road to Ecological Urbanization