This book is about where to go and what to do in Chinas reform. Its comprehensive overview and economic analysis of Chinas reform offers a coverage not found in other English language text. It provides an overview of Chinas development and reform practice, an economic analysis of Chinas market-oriented reform and a brief introduction to the theoretical origin, practices, and defects of the planned economy. In so doing, this book demonstrates that the key to the success of Chinas reform lies in drawing reasonable governance boundaries between government and the market and between government and society. It further discusses the basic elements required for modernizing Chinas state governance system and conducts an analysis of Chinas reform and development in 13 key fields. The analysis is based on three dimensionstheoretical logic, practical knowledge, and a historical perspective. This book proposes three elements of comprehensive state governanceinclusive economic institutions; the state capacity to plan and implement policies and laws; and an inclusive and transparent civil society with democracy, the rule of law, fairness, and justice. Its analysis also features the novel application of mechanism design theory by employing the two core ideas of information and incentives and a new research methodology consisting of three dimensions and six natures.

This book reviews and grasps Chinas reform through a qualitative analysis of economic theories and an empirical analysis of statistics from a historical perspective spanning over 180 years. It is proposed to be an important reference for understanding the past, present, and future of Chinas reform and teaching about the potential economic superpower. It can also serve as an essential resource for those who are interested in China's economic reform and development.