What can Chinese economists learn from the Japanese economic boom and subsequent stagnation? This project aims to institutionally and empirically investigate the growth mechanism and determinants of sustainable development in China compared with Japanese experiences. This is the first challenge in conducting a comparative study on China and Japan¿s economic growth and development. We aim to investigate the economic system transition and its influence on the Chinese and Japanese economy from macroeconomic and microeconomic perspectives. This book will interest economists, scholars of comparative politics, and scholars of China or Japan's economic development.

1 Introduction.- 2 Comparisons of Chinese and Japanese Development Process from Economic and Politico-economic Perspectives.- 3 Trade, FDI and Economic Growth.- 4 Digital China: The Fourth Industrial Revolution with Chinese Characteristics.- 5 Agricultural Development in China: Comparison with Japanese Experience.- 6 The financial innovation in the Flow of Funds Account after the World War II: Evidence from Japan.- 7 Human Capital Agglomeration Effect and Regional Inequality.- 8 Environmental Policies and Water Resource Management.- 9 Dual Economic Structure, Surplus Labor and Rural-Urban Migration.- 10 Household Consumption and Manufactural Industry Upgrading.- 11 Enterprise Ownership Reform and Wage Gaps between Public and Private Sectors.- 12 Communist Party of China Membership and Wage Gaps between Party Members and Non-Members.- 13 Labor Union Effects on Working Conditions.- 14 Employment Equality Policy and Gender Gap in Labor Market.- 15 Public Pension Policy Reform and Labor Force Participation.- 16 Bequest Motives and Saving Behavior Among the Elderly.- 17 Income, Income Inequality and Subjective Well-being.