The tremendous shift in world political power during the past ten years combined with the economic and social transformation that has been going on in China during the last two decades has once again thrust China onto the forefront of the world stage.  While China undergoes a rapid process of modernization, the outside world comes to realize how little it knows about the country.

As China gains stature in the world economy, it has become apparent that we need better understanding of the enormous changes taking place in China's economy. This study makes a significant contribution toward filling this void by providing a comprehensive evaluation of the current policy issues in China's agriculture. The book will command the attention not only of policymakers in China but of all students of the Chinese economy and economies in transition from socialism.

Professor Potter first analyzes the context for China's foreign economic law system. Then he addresses the issues of foreign trade, foreign investment, technology transfer, finance (taxation and foreign exchange), and dispute resolution. In conclusion, he offers proposals for policy reform in each of these areas.

Through its review of current conditions of regulation of foreign business in China and of proposals for reform, the book provides information invaluable for practitioners and policymakers alike.

This volume concentrates on China's economic reform from 1979 to 1992. It chronicles the changes, assesses their impact on the operation of the economy, and suggests possible alterations for effective policy. A valuable reference book, the eight essays cover key sectors of China's economy: enterprise, agriculture, price, labor market, economic decentralization, foreign trade, macroeconomy and an overview.

The Institute's first major publication, this book was published in August 1993 and translated into Chinese for distribution in China in October 1993.