"China's spectacular economic growth has been one of the most significant events of the past two decades. In a single generation the nation has vaulted from impoverished backwater to the world's second-biggest economy and biggest trading nation. Its growth has lifted hundreds of millions of people out of poverty, transformed global supply chains, and created great wealth. But the introduction of China's enormous working population into the world labor force has also helped depress wages in developed countries, and its huge capital flows have brought a new and potentially destabilizing force into the world's financial markets. For all these reasons and more, it's crucial to get China right. We need to understand how China works (and how it doesn't), why it works the way it does, where it might be headed in the coming years, and what this means for the rest of the world."