This book explores a wide range of issues connected with the impact of China on the global economy and the prevailing international system. Subjects covered include China’s multinationals, international acquisitions, the exchange rate, research and development and technology transfer, China’s emerging major business groupings, and small and medium sized enterprises.

1. Rising China and its Integration with the Changing World Economy 2. Rising China: Its Strength and Problems 3. Evolution after Revolution: The Chinese ‘Claiming State’ between History and Textbook Economics 4. Continental Drift: China and the Global Economic Crisis 5. Chinese MNCs in Latin America 6. An Exploration of Pyramidal Business Groups in China 7. Sustaining the Growth of China’s SMEs through ICT: Recent Experience of Policy Initiatives and Their Implementation 8. Fiscal Reform, Ownership Restructuring, and Corporate Objective in Chinese State-owned Enterprises 9. Culture Distance and Cross-border Merger and Acquisition of China: Empirical Evidence from Electricity Industry 10. R&D, Direct Technology Transfer and Productivity Growth: Evidence from Chinese Manufacturing Industries 11. The Distribution of Income and Well-Being in Rural China: A Survey of Panel Data Sets, Studies and New Directions 12. Determinants of China's Inter-Regional Equalization of Basic Public Services 13. Does Real Effective Exchange Rate Volatility Affect Foreign Direct Investment? Evidence from China 14. Cost Efficiency of Banks in China: A Stochastic Frontier Analysis 15. The Effect of Historical Events on the Speed of Price Evolution Indexed by an Operational Time for China’s Futures Market 16. Poverty in Shenzhen

"The experience of combining Rising China in the Changing World Economy with recent research developments explaining both macro- and micro-level facts, gives us an opportunity to check which economic and political assumptions are essential to answer questions on the rapid growth of China. In doing so, we can keep on working towards an understanding of what drives China's great transformation and its hidden aspects as well as the relationships among them, and the reforms needed to address the micro-level problems that have resulted." - Tomohiro Machikita, Asia Research Centre, Copenhagen Business School, Denmark; The Copenhagen Journal of Asian Studies 30(2), 2012.