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Palgrave Macmillan

How China Works

An Introduction to China’s State-led Economic Development

  • Book
  • © 2024


  • Explains how China's government functions
  • Gives an inside perspective on China's economy
  • Offers a unique perspective on Chinese society

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About this book

This book, a bestseller in China with over a million copies sold, depicts the role played by the Chinese government in China‘s economic development. It explains how the Chinese government has gradually established and improved market mechanisms while promoting economic growth. The book particularly points out that the Chinese government not only governs the economy through policy guidance but also directly participates in the process of urbanization and industrialization as part of the market. It also introduces the specific mechanisms of government involvement in economic activities, which forms a bridge between economic theory and the reality of China. This book, a winner of the Wenjin Book Award by the National Library of China, will be an invaluable reference for scholars seeking to understand China‘s economic policy and government system reform in the years to come.


Table of contents (8 chapters)

  1. Microeconomic Environment

  2. Macroeconomic Consequences

Authors and Affiliations

  • Fudan University, Shanghai, China

    Xiaohuan Lan

About the author

Xiaohuan Lan is a professor of economics at the School of Economics, Fudan University. He is also a research fellow at the Shanghai Institute and International Finance and Economics. He received his PhD in economics from the University of Virginia. He was the Director of Strategy and Research at Yangtze River Industry Fund, one of the largest industrial investment funds owned by local governments in China.

Bibliographic Information

  • Book Title: How China Works

  • Book Subtitle: An Introduction to China’s State-led Economic Development

  • Authors: Xiaohuan Lan

  • Translated by: Gary Topp

  • DOI:

  • Publisher: Palgrave Macmillan Singapore

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: Horizon Media Co., Ltd., a division of Shanghai People's Publishing House 2024

  • Hardcover ISBN: 978-981-97-0079-0Published: 16 March 2024

  • Softcover ISBN: 978-981-97-0082-0Due: 16 April 2024

  • eBook ISBN: 978-981-97-0080-6Published: 15 March 2024

  • Edition Number: 1

  • Number of Pages: XX, 346

  • Number of Illustrations: 5 b/w illustrations, 21 illustrations in colour

  • Topics: Asian Economics, Industrial Organization, Asian Politics

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