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Since the reform and opening up period, the world has witnessed a transformation within China. However, though China has made great strides in embarking on the road to a market economy this book emphasizes that transformation within China to market-driven development is far from over. Zhang puts forward the idea that the reform in China has now reached a crossroads. The next steps have a bearing not only on the sustainability of past reform but even on whether China will become a veritable world power in the future. With the reform at this pivotal juncture, this book explores further reform within China and examines how the reform debate will develop.