This is an insightful analysis of the Chinese economy in the context of globalization after China's admission to the WTO. The book is organized into four parts. The first part addresses globalization and privatization. The second part deals with fiscal policy and financial development. The third part focuses on international trade and industrial development, and the fourth part is devoted to economic performance and the labour market. This is an in-depth study that is supported by updated data and quantitative analysis, which provide a rich basis for better understanding possible future directions and challenges of the Chinese economy. This volume is an indispensable source for scholars and students interested in Chinese economic studies and many chapters should also be of interest to a wide range of readers.