This pioneering study examines the "opening up" of the People's Republic of China to foreign trade and investment, starting from its bold inception in 1979. Drawing on an unusually wide range of Chinese source materials, Kleinberg provides a cogent explanation of the economic nationalist strategy and goals that have shaped the growth of China's foreign economic relations.

Referring to detailed case studies, the author identifies successes as well as unanticipated problems that have arisen as China has obtained capital and technology from its Western business partners.

This is a provocative analysis of economic reforms in a socialist state that has turned away from precepts of Marxist ideology toward a more pragmatic but still state-dominated development strategy. Gracefully written, this book will provide important insights for scholars, policy makers, and general readers seeking understanding of the path of China's development.