Contents -- Introduction Dali Yang and Litao Zhao -- 1. How to Sustain China's Growth Miracle? Eswar S. Prasad -- INVESTMENT-LED GROWTH -- MACROECONOMIC POLICIES -- PATH TO REFORMS -- AN ALTERNATIVE MONETARY POLICY FRAMEWORK -- CONCLUSIONS -- 2. China's Mounting External Imbalances: Trade, Foreign Investment and Regional Production Sharing Sarah Y. Tong and Yi Zheng -- CHINA'S RECENT SURGE IN WORLD TRADE -- CHANGING COMPOSITION OF CHINA'S TRADE -- DECOMPOSING CHINA'S SURGING TRADE IMBALANCES -- SPECIALIZATION AND PRODUCTION SHARING IN ASIA -- PROSPECTS FOR CHINA'S FOREIGN TRADE -- 3. China's Protest Wave: Political Threat or Growing Pains? Andrew G.Walder -- TROUBLE ON THE HORIZON? -- POLITICAL IMPLICATIONS OF PROTEST: FURTHER QUESTIONS -- POPULAR PROTEST AND POLITICAL INSTABILITY -- SOURCES OF REGIME SUPPORT -- POLITICALLY STRATEGIC POPULATIONS -- THE REAL RISKS AHEAD -- THE ROLE OF PROTEST IN CHINA'S POLITICAL EVOLUTION -- 4. The 17th Party Congress and the CCP's Changing Elite Politics You Ji -- THE 17TH CONGRESS AND NEW FEATURES OF CCP ELITE POLITICS -- Relationship between Informal Politics and Institutionalization -- The Consensus on Supporting the Successor -- Impact of Institutionalization on Elite Politics -- THE 17TH CONGRESS: NEW OPPORTUNITIES AMIDST NEW CHALLENGES -- Addressing Uneven Factional Presentation of the 16th Congress -- Hu's Own Test in Fair Representation -- CRITERIA FOR PERSONNEL SELECTION -- The Hu Revisionism: Unifying Ideological and Organizational Lines -- Affinity -- KEY PERSONNEL ISSUES OF THE 17TH DA IN THE CONTEXT OF THE 18TH DA -- The Strategic Issue for Hu: Two Terms or Three Terms? -- The Age -- The Three-Term Option and the Constitutional Constraints -- The Perils of the Two-Line Leadership -- A Major Political Reform -- Constraints for the Two-Term Option -- Tackling the Bottleneck Problems.

Progress in Institutionalization -- IN SEARCH OF AN HEIR APPARENT -- The Hu Connection, the Criteria and the Anointment Process -- The Xi-Li Race -- CONCLUDING REMARKS -- 5. Diminishing Demographic Dividends: Implications for China's Growth Sustainability Ding Lu -- A FAST DEMOGRAPHIC TRANSITION -- THE GRIM PROSPECT OF DEMOGRAPHIC TRENDS -- COMPETING PROPOSALS FOR POLICY OPTIONS -- CONCLUDING REMARKS -- 6. Towards Universal Coverage: China's New Healthcare Insurance Reforms Edward Gu -- A CHINESE DISEASE: UNAFFORDABILITY OF HEALTHCARE -- SUPPLY-SIDE SOLUTION: HEALTHCARE PROVIDERS GO BACK TO THE PLANNED SYSTEM -- DEMAND-SIDE SOLUTION: UNIVERSAL COVERAGE OF HEALTHCARE INSURANCE MATTERS -- TOWARDS UNIVERSAL COVERAGE: GRADUAL REFORMS OF EXISTING PUBLIC HEALTHCARE INSURANCE SCHEMES -- 7. A New Perspective in Guiding Ethnic Relations in the 21st Century -"De-politicization" of Ethnicity in China Rong Ma -- "NATION" AND "ETHNIC GROUP" -- The Concept of These Two Terms in General -- The Terms Used in Contemporary China Regarding "Nation" and "Ethnicity" -- TWO TYPES OF POLICIES FOR DIRECTING ETHNIC RELATIONS: POLITICIZATION AND CULTURALIZATION -- The Traditional Culture-Centered View of Ethnic Relations in Chinese History -- The European Nationalism Movement: "Politicizing" Ethnicity -- Continuation of the European Tradition of "Politicizing" Ethnicity by the Former USSR -- "Politicizing" Ethnic Groups in the Process of Globalization -- The Policy of "Acculturation" in the United States of America -- THE POLITICAL AND CULTURAL LEVELS OF "ETHNICITY" -- "An Ethnic Group" Might Become a "Nation" and Rewrite Its History -- Practical Measures of "Politicizing" Ethnicity: Institutionalization of Ethnic Status and Ethnic Relations -- "Culturalism" and "Nationalism" in Modern China -- The Policies of the Chinese Government Since 1949.

THE IDEAL NATION-ETHNICITY FRAMEWORK: POLITICAL UNITY AND CULTURAL PLURALISM -- Political Unity and Equality among Ethnic Groups -- "Ethnic Cultural Pluralism" and "National Cultural Identity" -- DISCUSSION -- 8. Is There an Asian Value? Popular Understanding of Democracy in Asia Tianjian Shi -- DEMOCRATIC DEMANDS AMONG PEOPLE IN ASIA -- DEMOCRATIC SUPPLIES -- TESTING THE MEANING OF DEMOCRACY AMONG ASIAN PEOPLE -- THE MEANING OF DEMOCRACY IN MAINLAND CHINA AND TAIWAN -- CONCLUSION -- About the Authors -- Index.