A distinguished Chinese economist offers a timely, essential exploration of China’s perspective on economy, government, society, and its position in the world.Dr. David Daokui Li has served as an advisor to senior Chinese Communist Party leaders as well as major multinational corporations and international economic institutions. Writing in response to the growing anti-Chinese sentiment and alarmed by the threat of war, Dr. Li pulls from his wealth of firsthand expe...

This book offers a concise and authoritative interpretation of China’s strategic direction in the new era. Led by Cai Fang, Chief Expert of the National High-End Think Tank of the Chinese Academy of Social Sciences, it explains the theoretical foundations and policy logic behind China’s uniquely defined path to modernization.Grounded in high-quality development, the book examines key dimensions of China’s future trajectory, including the modern economic system, innovation-driven go...

This book first shows that the past 40 years of China's economic reform and opening up represents the greatest magnitude of economic growth in history. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China's economic reform and opening up, all in the area of the relationship between the government and the economy. First, the local governments need to be incentivized to hel...