Modernizing China : investing in soft infrastructure / edited by W. Raphael Lam, Markus Rodlauer, Alfred Schipke

China is at a critical juncture in its economic transformation as it tries to rebalance what is generally seen as an exhausted growth model. A unifying theme across the reforms that will deliver this transformation is that it can no longer be achieved by raising the amount of physical investment and government direction of resource allocation.