Argues that investment linkages between diaspora capital and entrepreneurship, and the economically booming towns and villages along China's east coast are the key to China's economic prosperity and the continuing success of the reform process. The study began by tracing investment from Hong Kong into the Pearl River Delta, and from there back into the diaspora. It then widened gradually to encompass more mainland and diaspora Chinese and enterprises. The findings support the UN prediction that China's economy will be the world's largest by 2015, and undermine the prediction that China will soon fall under Japanese hegemony. Annotation c. by Book News, Inc., Portland, Or.