This textbook seeks to construct a descriptive-analytical account of contemporary Chinese economic transformation. It examines a range of topical issues that are of central importance in highlighting the systemic dynamics, multiple determinants and complex implications of the transformation. The descriptive elements provide a structured narrative of the main trends of economic reform and development. The analytical elements help to deepen the understanding of the transformation.The book provides good insights for grasping the world-significance of contemporary Chinese economic transformation and its future prospects. The knowledge will be of intellectual importance for students of Chinese political economy, and of practical importance for business and social activities related to China.