This course examines the causes and consequences of China's spectacular economic growth in the past three decades. Exposition of alternative economic systems, incentive problems, and the state-owned enterprises. Analysis of recent reforms and their effects on economic efficiency: rural development, ownership structural changes, financial markets, inflation, population policies, and gradualism versus shock treatment. Exposure to Chinese culture, business practice, and the rise of China in the world economy. The course emphasizes reading and involves extensive class discussions.