China's New Political Economy

Susumu Yabuki, one of Japan's leading China watchers, is professor of economics at the Yokohama City University. Stephen M. Harner is chief representative of Deutsche Bank AG, Shanghai representative office since 1996.

Introduction : Six Realities of Unrealities About the Chinese Economy -- Part 1 Toward a Basic Understanding of the Chinese Economy -- A Huge Country -- Population Pressure -- The Volatile History of "Chinese Socialism" -- The Political System -- Economic System Reform -- Part 2 Some Domestic Economic Problems -- Economic Growth -- Food Production -- Energy -- Environmental Destruction -- Income Disparity -- Regional Disparity -- The Consumption Revolution -- Industry Structure -- State-Owned Enterprises -- Unemployment -- Township and Village Enterprises -- Regional Economics -- Part 3 State Finances, Financial Institutions and Markets, and Government Institution Reform -- The State Budget, the Fiscal System, and Monetary Policy and Trends -- China's Banking System -- China's Stock Markets -- China in the International Financial Markets -- Foreign Financial Institutions in China -- Corporate and Project Finance in China -- Shanghai -- Government Administrative Structure Reform -- Part 4 Foreign Trade, Foreign Capital, and External Economic Relations -- Foreign Trade -- Foreign Capital -- The Asian Financial Crisis and the RMB -- Hong Kong and Taiwan -- U.S.-China Relations -- Japan-China Relations