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From the Publisher
"China's ability to complete successful reform of its banking system is central to the question of whether China will be able to sustain high economic growth. Nick Lardy's book is the most detailed and authoritative study to date of the current state of Chinese banking and of the reforms that are required. Anyone interested in the Chinese reform challenges that still lie ahead will want to read this book.
" —Dwight H. Perkins, Harvard University
"Nicholas Lardy's China's Unfinished Economic Revolution is a sober, balanced, and realistic discussion of where China has really been in the recent years of economic reform, and where it must go now if it is to continue to be successful. Lardy's analysis of the reforms needed in the banking system and the state-owned enterprises should be read by everyone concerned with China in the political sense, from the economic policy perspective, and certainly everyone involved in investing and doing business with China. I would also hope that this book would be read carefully in Beijing and Washington and that leaders on both sides of the Pacific would listen to its wisdom.
" —Peter G. Peterson, Chairman of the Blackstone Group, the Council on Foreign Relations, and the Institute for Internatio