The book explores the implications of both the extension of the market into key parts of the Chinese economy and the integration of China into the global economy. The main focus of the book is on the role and nature of China''s financial system and its ability to transform enterprise and household behavior and the performance of investment finance, notably in the context of a two-way flow of foreign direct investment. All the extensive chapters highlight the issue of sustainability - some see the incompleteness of market reform as a problem; others are more willing to accept a pragmatic blending of the operation of the free market and government intervention.

Containing up-to-the-minute data, this book will appeal to academic researchers who are engaged in research, as well as teaching and learning, in the fields of business studies, the Chinese economy, international business and Asia-Pacific economies. Academics and students in economics and business and business people who have an interest in China will also find much to interest them in this unique book.

Contributors include: S. Ardekani, C. Chen, H. Chen, X. Chen, P. Drysdale, G.R. Durden, N. El-Haber, J. Li, K.B. Oh, C. Pang, L. Song, S. Sun, W.-M. Tian, J. Wang, Y. Wu, L. Xu, Y. Xu, J.X. Zhang, Y. Zhang, Y. Zheng, Z.-Y. Zhou, H. Zhu

The book explores the implications of both the extension of the market into key parts of the Chinese economy and the integration of China into the global economy. The main focus of the book is on the role and nature of China''s financial system and its ability to transform enterprise and household behavior and the performance of investment finance, notably in the context of a two-way flow of foreign direct investment. All the extensive chapters highlight the issue of sustainability - some see the incompleteness of market reform as a problem; others are more willing to accept a pragmatic blending of the operation of the free market and government intervention.

Containing up-to-the-minute data, this book will appeal to academic researchers who are engaged in research, as well as teaching and learning, in the fields of business studies, the Chinese economy, international business and Asia-Pacific economies. Academics and students in economics and business and business people who have an interest in China will also find much to interest them in this unique book.

Contributors include: S. Ardekani, C. Chen, H. Chen, X. Chen, P. Drysdale, G.R. Durden, N. El-Haber, J. Li, K.B. Oh, C. Pang, L. Song, S. Sun, W.-M. Tian, J. Wang, Y. Wu, L. Xu, Y. Xu, J.X. Zhang, Y. Zhang, Y. Zheng, Z.-Y. Zhou, H. Zhu