Now available in a fully-revised and updated third edition, this established textbook provides a penetrating and comprehensive analysis of the historical, institutional, and theoretical factors that have contributed to China's economic success. * Includes coverage of China's foreign investments, trade with regional partners, Chinese human capital, and bureaucratic economic institutions * Covers a diverse set of important issues, including environmental restraints, income distribution, rural poverty, the education system, healthcare, exchange rate policies, monetary policies, and financial regulation * Accessibly written and intelligently organized to offer a straightforward guide to China's economic evolution * Written by a lauded economist, researcher, and advisor to government officials in mainland China and Taiwan