Analysis of the domestic policy challenges facing China in the context of trade and investment liberalisation.

This title was first published in 2003. This prominent and commanding volume collates the best research available on China's agricultural trade. Critically analyzing the agricultural supply and demand factors that underlie trade patterns such as agricultural productivity and policy, it also explores China's agricultural trade and policy including implications for China and elsewhere. Long term issues and productivity growth are taken into consideration, as are specific issues such as WTO accession. The slate of authors combines the leading established scholars in the field and the best of the next generation, including those from China and the West.

China now faces the difficult choice of whether to pursue a food self-sufficiency policy or further integrate its agriculture into the world market. China's choice will have profound implications for the world trading system, as well as for its own economy. At the same time, China needs to reform its land tenure and grain marketing systems. This book examines these majority policy issues using up-to-date information and empirical evidence.

This book was originally pubished in 2000. China is the largest developing country in the world and is still heavily based on agriculture. Currently, about 70 per cent of China's total of more than one bilion people live in rural areas, and about half of the total national labour force is involved in agricultural activities. It is clear that agriculture is the foundation for the development of the Chinese national economy. Within agriculture, the grain economy is the most important sector: indeed it has been recognised as a treasure in managing the country by all past Chinese dynasties. Ensuring enough grain supply to meet the demands of such a huge population seems to be a long-term goal for the Chinese government and this book explores whether China will be able to produce enough grain to keep pace with its population increases.

Including contributions from Jerome Stein and Guay Lim, this book explores debt and liquidity in finance. In three parts it covers developing country debt and currency crises, risk, and risk management in futures markets and liquidity.