Edited by Belton M. Fleisher, Professor of Economics, Ohio State University, US and Research Fellow, IZA, Nicholas C. Hope, Director, Stanford Center for International Development, US, Anita Alves Pena, Assistant Professor of Economics, Colorado State University, US and Dennis Tao Yang, University of Virginia, US

'Belton Fleisher and his colleagues have edited a usefully wide-ranging book on economic policy reform in China before the global crisis. Many excellent chapters provide lucid insights into the practical complexities of China's remarkable development path. . . this book has much to teach us. . .'

• Contents:Introduction1. China’s Transition to the Market: Progress and ChallengesNicholas C. Hope and Lawrence J. Lau 2. Impact and Significance of State-Owned Enterprise Restructuring in ChinaRoss Garnaut, Ligang Song and Yang Yao 3. Antitrust in China 2006: The Problem of Incentive CompatibilityBruce M. Owen, Su Sun and Wentong Zheng4. Property Rights and ‘Original Sin’ in China: Transaction Costs, Wealth Creation and Property Rights InfrastructureAndrew Sheng, Geng Xiao and Yuan Wang5. Corporate Governance and Property Rights Infrastructure: The Experiences of Hong Kong and Lessons for ChinaAndrew Sheng, Geng Xiao and Yuan Wang 6. China’s Evolving Labor MarketBelton M. Fleisher and Dennis Tao Yang7. China’s Emerging Domestic Debt MarketsPieter Bottelier8. Incremental Reform and Distortions in China’s Product and Factor MarketsXiaobo Zhang and Kong-Yam Tan9. China’s Emergence as the Workshop of the World Will Martin and Vlad Manole10. China’s Emergence, Real Exchange Rates and Implications for East Asian Regional Trade and GrowthDavid Roland-Holst11. The Chinese Approach to Capital Inflows: Patterns and Possible ExplanationsEswar S. Prasad and Shang-Jin Wei12. Foreign Direct Investment in China and East Asia Busakorn Chantasasawat, K.C. Fung, Hitomi Iizaka and Alan SiuIndex

Edited by Belton M. Fleisher, Professor of Economics, Ohio State University, US and Research Fellow, IZA, Nicholas C. Hope, Director, Stanford Center for International Development, US, Anita Alves Pena, Assistant Professor of Economics, Colorado State University, US and Dennis Tao Yang, University of Virginia, US

'Belton Fleisher and his colleagues have edited a usefully wide-ranging book on economic policy reform in China before the global crisis. Many excellent chapters provide lucid insights into the practical complexities of China's remarkable development path. . . this book has much to teach us. . .'

• Contents:Introduction1. China’s Transition to the Market: Progress and ChallengesNicholas C. Hope and Lawrence J. Lau 2. Impact and Significance of State-Owned Enterprise Restructuring in ChinaRoss Garnaut, Ligang Song and Yang Yao 3. Antitrust in China 2006: The Problem of Incentive CompatibilityBruce M. Owen, Su Sun and Wentong Zheng4. Property Rights and ‘Original Sin’ in China: Transaction Costs, Wealth Creation and Property Rights InfrastructureAndrew Sheng, Geng Xiao and Yuan Wang5. Corporate Governance and Property Rights Infrastructure: The Experiences of Hong Kong and Lessons for ChinaAndrew Sheng, Geng Xiao and Yuan Wang 6. China’s Evolving Labor MarketBelton M. Fleisher and Dennis Tao Yang7. China’s Emerging Domestic Debt MarketsPieter Bottelier8. Incremental Reform and Distortions in China’s Product and Factor MarketsXiaobo Zhang and Kong-Yam Tan9. China’s Emergence as the Workshop of the World Will Martin and Vlad Manole10. China’s Emergence, Real Exchange Rates and Implications for East Asian Regional Trade and GrowthDavid Roland-Holst11. The Chinese Approach to Capital Inflows: Patterns and Possible ExplanationsEswar S. Prasad and Shang-Jin Wei12. Foreign Direct Investment in China and East Asia Busakorn Chantasasawat, K.C. Fung, Hitomi Iizaka and Alan SiuIndex

Edited by Belton M. Fleisher, Professor of Economics, Ohio State University, US and Research Fellow, IZA, Nicholas C. Hope, Director, Stanford Center for International Development, US, Anita Alves Pena, Assistant Professor of Economics, Colorado State University, US and Dennis Tao Yang, University of Virginia, US

'Belton Fleisher and his colleagues have edited a usefully wide-ranging book on economic policy reform in China before the global crisis. Many excellent chapters provide lucid insights into the practical complexities of China's remarkable development path. . . this book has much to teach us. . .'

• Contents:Introduction1. China’s Transition to the Market: Progress and ChallengesNicholas C. Hope and Lawrence J. Lau 2. Impact and Significance of State-Owned Enterprise Restructuring in ChinaRoss Garnaut, Ligang Song and Yang Yao 3. Antitrust in China 2006: The Problem of Incentive CompatibilityBruce M. Owen, Su Sun and Wentong Zheng4. Property Rights and ‘Original Sin’ in China: Transaction Costs, Wealth Creation and Property Rights InfrastructureAndrew Sheng, Geng Xiao and Yuan Wang5. Corporate Governance and Property Rights Infrastructure: The Experiences of Hong Kong and Lessons for ChinaAndrew Sheng, Geng Xiao and Yuan Wang 6. China’s Evolving Labor MarketBelton M. Fleisher and Dennis Tao Yang7. China’s Emerging Domestic Debt MarketsPieter Bottelier8. Incremental Reform and Distortions in China’s Product and Factor MarketsXiaobo Zhang and Kong-Yam Tan9. China’s Emergence as the Workshop of the World Will Martin and Vlad Manole10. China’s Emergence, Real Exchange Rates and Implications for East Asian Regional Trade and GrowthDavid Roland-Holst11. The Chinese Approach to Capital Inflows: Patterns and Possible ExplanationsEswar S. Prasad and Shang-Jin Wei12. Foreign Direct Investment in China and East Asia Busakorn Chantasasawat, K.C. Fung, Hitomi Iizaka and Alan SiuIndex