Buck shines a new light on China's transition to capitalism by focusing on and analyzing the development of networks between the urban and rural factories that have produced the regional economy of greater Shanghai. These networks have incorporated millions of villagers into the national and the global economy. By getting inside these networks and watching as their restructuring unfolds, Buck reveals hidden aspects of major changes: China's transition from centralized planning to market economy, the transformation of Shanghai from industrial to financial center, and a wave of privatization that has swept away the last vestiges of socialism.