Chinese society and economy are undergoing substantial transformation. After two decades of reform and an open-door policy, China has numerous achievements on all fronts. Many consider China as a rising world power which may even overtake the USA in GNP terms by the middle of the twenty-first century. Yet, accompanying the process of reform and the open-door policy, many problems have become apparent. Some are related to the formulation of policy and its implementation, but a significant proportion of them are institutional, caused by inherent contradictions within the Chinese political and economic systems. The objective of this book is to analyse some of the political, economic and social problems and issues confronted by the Chinese leaders. This book differs from other books on China in that all the authors have worked in tertiary institutions in Hong Kong, which is ideally situated both geographically and culturally to observe developments on mainland China.