Liu Shuhan, Wang Yujing, Tianjin University of Commerce. The authors of this book have a rich experience of teaching Economics and Chinas economic policies in university, and giving lectures to foreign students about Chinas contemporary economy. Based on these experiences, they wrote this book for foreign students.

In 1949, the People's Republic of China (PRC) was founded. Since then it has seen fast economic development, which can roughly be divided into two stages--the planned economy and the market economy. China's economic development, especially the achievements made after the adoption of the reform and opening-up policy, has attracted worldwide attention. This book objectively presents contemporary China's economic policies and practices in the course of transformation from planned economy to market economy, with rigorous data and detailed information.

With its rapid development, China has become the second largest economy in the world. As the people of the world become more and more involved with the global market due to globalization, they lack knowledge about China's economic policies. This book can help them better understand the historical background, the development process, and the overall features of the contemporary Chinese economy.