When an African dictator seizes a U. S. Navy frigate, the U. S. President has a choice. Does he pay the terrorists a ransom or does he fight back? He decides to fight back.

This book offers candid analyses of the strengths and weaknesses of China's economic system and addresses some aspect of the current economic reform. It is an attempt to find the answers to many of the questions directly from the work of Chinese economists and planners themselves.

In February 1978, the post-Mao leadership revealed an ambitious ten-year program (1976-1985) with a $600 million capital outlay, aimed at propelling China into the front ranks of the industrialized nations by the year 2000 through the modernization of agriculture, industry, science and technology, and defense. The new leadership soon realized that