Introduction : transformation of China's economy -- Historical background and general survey -- Economic lessons from history -- Experiments with planning and economic disruptions -- Economic reform up to the mid-1990s -- Further reform : problems and prospects -- Analysis of the macroeconomy -- Economic growth -- Economic fluctuations -- Macroeconomic policies -- The effects of political movements on the macroeconomy -- Topics in economic development -- Consumption -- Western development and environmental policies -- Population -- Human capital -- Analysis of individual sectors -- The banking and financial system -- Shanghai stock price determination -- The behavior of state enterprises -- The nonstate sectors -- Foreign trade -- Foreign investment -- Studies of economic institutions and infrastructure -- Corruption and misuse of assets -- The legal system and the role of government -- The education system and policy -- Taking stock and looking ahead -- Conclusion : lessons for the study of economic transformation.