"Understanding the Chinese Economy" Author: Justin Yifu Lin Peking University Press

"Understanding the Chinese Economy" is a book that interprets the Chinese economy. It summarizes the experience of economic development and reform activities in China and other countries and regions, and puts forward a general theory of economic development and transformation. It uses this theory to analyze the achievements made by China in the process of reform and development, the main economic and social problems it faces, and explores the causes and solutions to the problems. The book uses popular language and vivid examples to systematically review the development process and reform experience of the Chinese economy, and explains the hot issues of China's economic development in an easy-to-understand way.

Faced with a series of new changes under the new situation, such as the increasing number of uncertainties in the world economy and the new normal of China's economic development, the new version has added important content on how to promote supply-side structural reform and achieve economic transformation and upgrading under the new normal. It explores the profound connotation of the great rejuvenation of the Chinese nation and the cultural rejuvenation, and provides a thorough interpretation of hot issues such as Sino-US trade frictions, the "Belt and Road" and the construction of free trade pilot zones.

Justin Yifu Lin is a professor and dean of the Institute of New Structural Economics at Peking University, dean of the Institute of South-South Cooperation and Development, and honorary dean of the National School of Development. In 1994, he founded the China Center for Economic Research at Peking University (now the National School of Development at Peking University) and served as its director. In 2008, he was appointed Chief Economist and Senior Vice President for Development Economics of the World Bank, becoming the first person from a developing country to hold such an important position. In 2012, his term at the World Bank expired and he returned to Peking University to continue his teaching and research work.