Introduction / by Jean-Pierre Cabestan, Jean-François Di Meglio & Xavier Richet -- First part: China's adaptation, reforms, and their limits -- The global financial crisis and China's domestic and international political options / Jean-Pierre Cabestan -- Labor pains : Chinese economic policy in an age of a shrinking work force / Arthur Kroeber -- An assessment of China's relative fiscal strength / Jean-Charles Sambor -- An assessment of China's banking system reform / Alicia Garcia-Herrero, & Banco Bilbao Vizcaya Argentaria -- Three Chinese banks among top ten banks worldwide : illusion or reality? / Philippe Aguignier -- China's tax policy response to the global financial crisis / Wei Cui -- China and its regional and international environment since 2008 -- China and post-crisis regional cooperation in East Asia / Françoise Nicolas -- The invention of a "currency of the third type" : yuan's internationalization without convertibility / Jean-François Di Meglio -- The global financial crisis, Europe, and China -- Europe and China respond to the crisis : policies, performances, and issues / Xavier Richet -- Trade imbalances and the crises of 1929 and 2007 : China in the United States' shoes? / Antoine Brunet & Jean-Paul Guichard.