NAZRUL ISLAM has taught Economics at Harvard, Emory, Dhaka and Kyushu Universities, and made hid mark on empirical growth literature through the introduction of the panel econometric approach. He has has now turned to the analysis of China's industrialization process, pioneering the use of the dual approach to growth accounting, and the use of the Lewis growth model.

China is home to the fastest-growing economy in the world, and one that is expected to be the largest within in a few decades. Facing such rapid growth, China must be ready to confront a range of issues, including population, productivity, agriculture and rural transformation, internal migration, reform of industry and banking, regional integration, inequality and structural contradictions, resource constraints, and the environmental impact of growth. China's continuing resurgence will be dependent on how successfully it tackles this wide range of policy issues. This comprehensive exploration of the Chinese economy analyses the latest data from China, and looks at recent trends in order to better understand the possible future of the country. With contributions from a range of experts on China from all over the world, this detailed look at the Chinese economy is an essential companion for all interested in China and its future.