China Boom and its Discontents

China is shaping the global economy as never before. An insatiable demand for commodities, energy resources, capital, and deepening integration to the world economy has won China acclaim. Yet 25 years of rapid industrial development, far-reaching economic reforms, and increasing international competition have also created an array of challenging domestic policy demands. The China Boom and its Discontents discusses the financial and social challenges that have emerged in the wake of rapid economic growth. How well prepared is China for a rapidly changing labor market structure and ageing population? Is the financial and banking sector ready for foreign competition? Is growth sustainable at current levels and what are the implications of revaluing the yuan? Recent research on demographic trends, labor movements, financial development, social security, urbanization, and trade agreements highlight the unfinished progress of reforms in China.