Thirty years of reform (1978–2008) have turned China into one of the largest and
most dynamic economies in the world. China, however, faces three significant
and profound challenges towards the end of the first decade of the twentyfirst
century: First, to maintain continued high growth amid global financial
turbulence, the slow-down of the major economies abroad, and some rising
socially destabilising tensions such as growing income inequality; second,
to bring its growth path in line with environmental sustainability; and third to
manage the rising demand for energy to moderate oil price increases and to
placate heightening domestic and international concerns about global warming.
This book, in three parts, offers some analyses as to how China could confront
these challenges and discusses some of the key implications for China and
the world.