The lack of institutionalization around China's leadership succession was brought into focus again in the run-up to the 16th Congress of the Chinese Communist Party, and the widespread speculation on the final leadership line-up. The essays in this volume take a more analytical approach. This book first looks at the political structures of leadership transition in China, and secondly, seeks to understand the real and potential problems that China's younger, fourth-generation leaders will have to grapple with as they take over the reigns of power.Contents:Introduction: Succession Problems and Challenges (J Wong & Y-N Zheng)The Politics of Succession: Previous Patterns and a New Process (F C Teiwes)Crossing the Political Minefields of Succession: From Jiang Zemin to Hu Jintao (S-P Zheng)Technocratic Leadership, Private Entrepreneurship, and Party Transformation in the Post-Deng Era (Y-N Zheng)Leadership Succession and Its Impact on the Party's Rank and File (I Wibowo)Central–Provincial Relations and the Fourth Generation Leadership: The Political Dimension (K Forster)Can Democracy Provide an Answer to the National Identity Question? A Historical Approach (B-G He)The Challenges of Managing a Huge Society Under Rapid Transformation (X L Ding)Three Dimensions of Rural Issues and Policy Options (T-S Wong & T Zhang)Direct Election of Township Heads: Perspectives of Chinese Peasants (L-J Li)The Private Economy: Will the Ugly Duckling Become a Swan? (X-W Tian)Adapting to the WTO Dispute Settlement Mechanism (Q-J Kong)WTO Accession and Growth Strategy Adjustment (D Lu)Cross-Strait Relations in the 21st Century: More Integration, More Alienation? (C-M Chao)The Rise of China: Challenges for the ASEAN Economies (J Wong)Japan's “Challenges” to China in the Epoch of Terrorism (P E Lam)Readership: General.Key Features:Written by the original designer of China's exchange rate system reformHighlights greatest threats to China's economic development and proposes supplementary measures that could help the exchange rate system reformEquips readers with a good understanding of China's macroeconomic state and challenges