The evolution of China's market economy is one of the most important developments in the world economy in the twenty-first century. The diverse contributors to this book provide a unique set of essays that evaluate legal, regulatory, and economic aspects of China's transition from planned to market economy. While market-oriented policy reform in China has led to substantial growth and progress since the onset of the reform period in 1979, many challenges remain. This study begins with a general survey of China's transition to a market economy and is followed by more elaborate analyses of specific sectors. The authors consider China's changing regulatory structure and the relationships of this structure to Chinese markets, developments in markets for goods, services, and production factors, changing trade patterns, and the determinants of foreign direct investment and its role in overall capital formation. They provide a comprehensive assessment of market reforms in China. In-depth yet accessible, the book will be of great value to policy makers, business planners, students and researchers concerned with China, as well as those interested in the world economy at large.

American Universities in China: Lessons from Japan discusses the aspirations and operations of American universities in China through the lens of previous American universities' expansion efforts in Japan. It provides an in-depth explanation of the factors that contributed to the rise and decline of American universities in Japan in order to examine and predict the sustainability of American universities in China today. Through a review of historical documents, interviews with stakeholders in Japan and China, and an analysis of the cultural contexts of both the Japanese and Chinese higher education systems and the position of American universities within these environments, this book seeks to address the potential success or repeated failure of the American university abroad.

The Pursuit of the Chinese Dream in America illuminates the hopes, expectations, challenges, and aspirations of this generation of Chinese students as they pursue higher education at American universities. Based on interviews with Chinese students, parents, teachers, and educational agents in Shanghai, this ethnographic study examines the cultural, economic, and social factors that have fostered the increase of Chinese undergraduates on American campuses. Dennis T. Yang describes the pivotal roles that parents, teachers, peers, and educational agents played as students embarked on the college admissions process for American universities, with an emphasis on the prominent influence of parents during the college decision-making process. Yang addresses how his interviewees, particularly the parents and students, interpreted and evaluated the importance of cultural, social, and economic capital in their lives, and how the drive to obtain these forms of capital, to varying degrees, affected the families' decisions to conceive of and support the study abroad option.