The book provides a meticulous analysis of economic development and concomitant problems in China since the late 1970s and advances suggestions on further economic modernization and transition from both theoretical and practical angles.

Yinxing Hong is Senior Professor in Humanities and Social Sciences at Nanjing University (China). He specialises in macroeconomic theory and policy.

Ninghua Sun is Professor of Economics at Nanjing University. He specialises in macroeconomics, as well as financial derivatives and financial risk management.

1. Phases and Goals of Economic Development 2. The Rate and Quality of Economic Development 3. The Consumption Drive of Expanding Domestic Demand and Economic Growth 4. The Sustainability of Economic Development 5. Economic Growth and the Drive for Innovation 6. Industrialization and Upgrading Industrial Structure 7. Urbanization and Agriculture Modernization 8. Regional Economic Development and Coordination 9. Investment-Driven Growth and Financial Development 10. Economic Globalization and Open Economy 11. The Institutional Drive for Economic Development