In the 26 years since market-oriented reforms were introduced, China has emerged onto the world stage as a major economic presence, particularly since her accession to the World Trade Organisation in 2001. This book is a collection of papers on the effects of globalization on China's growth prospects and of China's growth on the wider economy. The issues explored include the sustainability of China's continuing economic reform and the necessary reforms to sustain that growth; the considerable effects of her integration into the global economy and its implications for the conduct of Chinese economic policies, including the exchange rate regime; and the influence of China on the regional and world economy. China's competitiveness in exports has also begun to challenge the market share of developing and developed economies; this role in promoting intra-regional trade is also be explored.