China is expected to become the world's largest economy in less than two decades. Whether or not it does so will depend on continued growth of the private sector and how well China adapts to global market forces.
In any event, the Chinese economy will have an enormous impact on global trade in general and our economy in particular. The essays included in this volume examine the state of China's economic reforms, the institutional changes necessary for China to become a global economic power, and the interplay between market reforms and social development in China.
Contributors to China in the New Millennium include Charles Wolf Jr., Nicholas R. Lardy, Justin Yifu Lin, Fan Gang, Barry Naughton, Zhou Dun Ren, Yeung Wai Hong, Joseph Y.W. Pang, Klaus Rohland, William J. McGurn, Minxin Pei, Kate Xiao Zhou, José Piñera and P.J. O'Rourke.