"This is one of the most important--and richest--books to be written on post-Mao China." Steven M. Goldstein, Smith College
"This new book, by Yasheng Huang is, in my view, one of the most significant studies to have appeared in many years ..." Christopher Howe, The Journal of Development Studies
"...a solid book based on competent research, which is highly recommended to all China scholars." John Wong, Pacific Affairs
"...a formidable work of scholarship and an impressive application of social science methodology to the study of central-provincial relations in China....Huang's book is a powerful and important counterpoint to those who would argue that China is on the verge of disintegration." Andrew Wedeman, The Journal of Asian Studies
The main purpose of this book is to analyze why local officials in China comply with investment-reduction and inflation-control policies of the central government against their own economic interests. The book shows the importance of political institutions, and provides a political story as to why China has been able to control inflation and to deepen reforms, in contrast to the former Soviet Union. While most other studies focus on the economic or political aspects, this book integrates political and economic analysis.