Originally published in 1985, this study investigates the actual experience in mechanization during the Fourth Five Year Plan period, a period which represented, in many ways, a new stage in China’s rural development. It examines the historical perspective and the development approach under which mechanization efforts were exerted during this 5-year period and the mechanism, outcomes and problems these entailed. The book addresses the issues involved in agricultural development and mechanization through a more integral analysis of the way technological transformation has been linked to China’s quest for social and economic development.

China's recent economic reforms have led to impressive growth, and an unprecedented enthusiasm for establishing foreign enterprises in China. Since 1993, China has been the second largest recipient of foreign direct investment in the world and is now considered to be the world's third biggest economy. Its greater economic integration with the rest of the world, especially since its accession to the World Trade Organisation (WTO), has further accelerated its market-oriented economic reforms. China is now opening its protected markets and beginning to submit to the rule of international law. This ongoing transition and increasing participation in the world economy has resulted in significant changes in human resource management and social welfare practices in China's enterprises. The book examines the key areas, all of which are linked, where China is grappling with institutional reforms as it opens up to the outside world: state-owned enterprise reform, capital markets and financial reform, human resources and labour market reform, social welfare reform, and China's accession to the WTO and the growth of the private sector.

China's recent economic reforms have led to impressive growth, and an unprecedented enthusiasm for establishing foreign enterprises in China. Since 1993, China has been the second largest recipient of foreign direct investment in the world after the USA and is now considered to be the world's third biggest economy after the USA and Japan. Its greater economic integration with the rest of the world, especially since its accession to the World Trade Organization (WTO), has further accelerated its market-oriented economic reforms. China is now opening its protected markets and beginning to submit to the rule of international law. This ongoing transition and increasing participation in the world economy has resulted in significant changes in human resource, management and social welfare practices in China's enterprises. The book examines the key areas, all of which are linked, where China is grappling with institutional reforms as it opens up to the outside world - state-owned enterprise reform; capital markets and financial reform; human resources and labor market reform; social welfare reform; and China's accession to the WTO and the growth of the private sector.

China's spectacular economic growth has made it the focus of international attention. Financial Reform in China argues that Chinese financial reform has failed to keep pace with its continuing economic growth.
With increased marketization and internationalization, China's financial and monetary system should play a pivotal role in economic reform and development. However China's banking and financial organizations still operate under a highly regulated environment shaped by the centrally planned economic system, and this slow financial reform has failed to meet the demands of more general economic reform.