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The China Balance Sheet Project is a joint undertaking combining the global economic perspective of the Peterson Institute (formerly, Institute for Interntional Economics) with the Center for Strategic & International Studies' foreign policy focus. Here are the culminating analysis and recommendations designed to clarify contemporary China and advise how U.S. "engagement" with China may best move ahead. There's lots here, but clearly presented, with a great chronology. By experts, for experts-and for those who want to know what the experts think. The World Bank's forthcoming China's and India's Challenge to Latin America: Opportunity or Threat? should be of related interest.