"Challenging conventional theory, this excellent book argues that investment drives China's economic growth and technological development."--Franklin Allen, Wharton School, University of Pennsylvania
""How China Grows" is a concise and systematic evaluation of the role of investment in China's economic growth since 1978. The authors argue that investment has been the main driver of China's growth but that future growth will require a more effective financial, particularly banking, system. This is the first book to systematically examine the investment--growth nexus in China, and those interested in understanding the dynamics of China's growth over the past three decades will certainly want to read it."--Nicholas R. Lardy, Institute for International Economics
