In the early 1990s, the world began to recognize China as a rising economic power to reckon with. China's economy is dynamic - her human and natural resources are plentiful and her economic growth has been well sustained since the late-1970s. In fact, some have predicted that by the year 2015, China's economic output would likely be close to that of the US. It is undeniable that China will be an economic giant, if she is not already one today. In this book, the author traces China's economic development since 1978. Steps and characteristics of China's economic reform are detailed, and prospects of China's economic growth are studied. The author also attempts to analyze topical issues pertaining to China's economic relations with the US and her integration with the other Asian economies. This book provides the interested reader with a bird's eye view of China's recent economic history. Most chapters are written for the general reader, while a few are for professional economists.