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In this book, the latest installment in Westviews Political Economy of Global Interdependence series, contributors address the single most pressing problem in the evolution of the Chinese economy: the reform of the nations financial markets. The governments attempts to drag these markets into the world of modern finance has lagged considerably, effectively retarding the development of the economy as a whole. The need for solutions is made all the more urgent by the recent integration of Hong Kong into the nations economy, the financial crises currently sweeping through Asia, and the spillover of the sluggish economy into civil society.