China is indisputably one of the most dynamic economic regions in the world; however the character, nature and extent of its market economy status remains in question. This book provides an empirical analysis of many aspects of the developing market economy including: government reform, the marketization of enterprises, land transactions, capital transactions and finance; the market determination of wage rates; the development of intermediary organizations; and the improvement in the economy's legal framework. China's economic growth has also brought conflict with both the EU and the US, this book examines these contentious debates; such as the extent of renminbi convertibility, the independence of the financial sector, the freedom of labor in wage-rate bargaining, the extent of foreign investment, the extent of government ownership of enterprises, the protection of property rights, and the development of company law and of corporate governance.