The China Society Yearbook, Volume 4

The year 2008 marked a historical turning point for China, with the 30th anniversary of the launch of China’s opening and reform policy, the Beijing Olympics, the Sichuan earthquake and the subprime mortgage crisis in the USA. China was in the midst of an economic boom, and began to invest and modernize more fully, but the international economic crisis affected the country and the Chinese government is aiming to confront this major challenge.