China's accession to the World Trade Organization (WTO) has been hailed as the biggest coming-out party in the history of capitalism. Its membership eventually will contribute to higher standards of living for its citizens and increased growth for its economy. But why would the Chinese communist...

Cover -- Contents -- Preface -- Acknowledgments -- Introduction -- Ch 1. China's Response to the Global Crisis -- Critiques of the Stimulus Program -- Ch 2. Imbalances and Their Implications for China's Economy -- The Expenditure Approach -- The Production Approach -- The Income Approach -- The...