China in the New Millennium

China is expected to become the world’s largest economy in less than two decades. Whether or not it does so will depend on continued growth of the private sector and how well China adapts to global market forces. In any event, the Chinese economy will have an enormous impact on global trade in general and our economy in particular. The essays included in this volume examine the state of China’s economic reforms, the institutional changes necessary for China to become a global economic power, and the interplay between market reforms and social development in China.

James Dorn is Cato’s vice president for academic affairs, editor of the Cato Journal and director of Cato’s annual monetary conference.