Presenting original work and new thinking on a wide range of important issues, the book explores the current state of globalization, competition and growth in China.

Introduction Part 1: Financial Sector Reforms 1. Board Structure as Corporate Governance Mechanism: Evidence from China's Real Estate Stock Companies 2. Financial Sector Reforms and Economic Growth in China 3. Efficiency of the Chinese Banking Industry: A Stochastic Production Function Approach 4. Do Chinese Stock Markets Share Common Information Arrival Processes? 5. Impact of Capital Structure on Agency Costs in Chinese Listed Firms 6. Stock or Cash Dividends? The Current Dividend Patterns of the Chinese Listed Companies Part 2: FDI and Globalization 7. The Economic Impact of China's Emergence as a Major Trading Nation 8. The Impact of FDI on Economic Growth in China's Regions 9. Exports, FDI, Linkages and Regional Disparities in China 10. Competitive Strategy-Differentiation of Multinational Enterprises in China: Case Study of American, European and Japanese Automobile Enterprises 11. China's Joint Venture Accounting and its Impacts on Chinese Accounting Reform Part 3: Economic Development and Policy 12. The Impact of Monetary Variables on the Price Level during Inflation and Deflation Periods in China 13. China's Rural Economy and the Path to a Modern Industrial State 14. Domestic Price Integration and Economic Performance in China 15. Unemployment in China: Some Stylised Facts 16. Crossing Which River and Feeding Which Stones? China's Transition to the 'New Economy' 17. Chinese TVEs Facing New Challenges: Lessons from a Case Study