“Understanding China’s Economy” written by Dr W. Kumar Singh presents a comprehensive analysis of China’s spectacular economic growth and provides distinctive economic lessons for emerging economies. The book examines the key drivers of China’s economic growth including agricultural transformation, industrial policy, foreign trade policy and the role of FDI and the role of subnational governments.

 The book clearly explains the gradual approach which enables China in achieving the spectacular economic growth during 1978 to 2001 in China’s risky political environments. It provides valuable insights into China’s economic growth model, offering relevant comparisons with other emerging economies. It also delves into rising challenges such as income inequality, debt risks and sustainability concerns, slow growth after 2001. Moreover, the book depicts very clearly that contrary to common belief, China has more decentralise economy, more open economy, very nice labour laws etc. despite there has some changes towards in other direction.