Since China started reform and opening to the outside world in 1978, its economy has succeeded in growing at an average annual increase of 9% for more than 20 con-secutive years, thus making a miracle in the history of the world economy. China today has succeeded not only in resolving the problem of feeding and clothing a population of 1.3 billion people, but also in reaching a level of initial prosperity. The Chinese economy is increasingly becoming a driver to the economic development of the world.This book intends to provide a general information of the Chinese economy today, describe the achievements China has made in its economic restructuring and opening up in the course of pushing modernization, drawing attention to the development of rural and urban China, focusing on the changes that have taken place in the economic life of the Chinese people, looking into the present and future of China's manufacturing industry, analyzing different views and comments of economists abroad on China's economy and trying to help people across the world know better the great and profound changes the Chinese economy is undergoing.