Provides an empirical analysis of many aspects of the developing market economy of China, including: government reform, the marketization of enterprises, land transactions, capital transactions and finance; the market determination of wage rates; the development of intermediary organizations; and the improvement in the economy's legal framework.

China is indisputably one of the most dynamic economic regions in the world; however the character, nature and extent of its market economy status remains in question. This book provides an empirical analysis of many aspects of the developing market economy including: government reform, the marketization of enterprises, land transactions, capital transactions and finance; the market determination of wage rates; the development of intermediary organizations; and the improvement in the economy's legal framework. China's economic growth has also brought conflict with both the EU and the US, this book examines these contentious debates; such as the extent of renminbi convertibility, the independence of the financial sector, the freedom of labor in wage-rate bargaining, the extent of foreign investment, the extent of government ownership of enterprises, the protection of property rights, and the development of company law and of corporate governance.

Introduction
New Progress in Market Economy in 2002 and 2003: Reform of government administrative system
Marketization of enterprises
Labour flow and market determination of wage rates
Market-determined capital transaction
Market - oriented land transaction
Marketization of trade
Scale of intermediary organizations and their market - oriented operations
Marketization of money and finance
Improvement in China's market economy legal framework
Evaluation of the degree of China's market economy development in 2002-2003. The Development of China's Market Economy by Western Standards: The free convertibility of Renminbi
Independence of the financial sector
Freedom of the employee in bargaining with the employer for wage rates
Extent of admission of foreign investment
Extent of government ownership or control of the means of production and enterprises
Extent of government control over the output, Price and sales decisions of enterprises and over the allocation of resources
The protection of property rights and the bankruptcy law
Implementation of laws and regulations relating to investment and taxation
Company law and corporate governance
Laws on enterprise accounting and auditing standards and their enforcement
The use and disposal of SOEs' assets
Others (including corruption, trade ties, etc.)
Index
Bibliography.