Focussing on sustainability, this book explores the future of China in light of the successful reforms undertaken in the last thirty years. It combines Chinese economic history and up-to-date macroeconomic theory in order to show how economic transformations and institutional changes are intertwined in developing capitalism under state sovereignty.

Michel Aglietta is Professor at the University of Paris-X Nanterre and Scientific Advisor for the Center of International Studies and Forecasting (CEPII), Paris, France.

Guo Bai is a PhD candidate at HEC Paris, France.

Introduction: From Imperial History to sui generis Development of Capitalism Part 1: Putting China Today in Historical Perspective 1. A Role for History and Culture in the Resilience of China's Institutional Framework 2. Growth Regimes in Chinese History Part 2: Understanding Chinese Reforms in the Past Thirty Years 3. On the Political Economy of Reform 4. The Second Phase of Chinese Reform Part 3: The New Stage of Reform toward Sustainability 5. China's Economic Opening to the World 6. The Making of Sustainable Growth 7. A Road Map for the Transformation of China's Economic Structure 8. From Policies to Politics