This book decodes China's economy and its reform and opening-up policies, and forecasts the trends of economic growth in China and around the world. As China continues to engage in profound market-based reform and open up to international business, its enormous domestic demand will promote its own development and deliver substantial gains to other countries.The world is now facing seismic changes. Unilateralism and protectionism have fueled a surge of anti-globalization, and the Covid-19 pandemic has added instability and uncertainty to the world economy. The international community, now at a crossroads, must choose between multilateralism and unilateralism, openness and isolation, cooperation and confrontation. In the new era, China remains committed to deeper all round reform and opening up, and will persevere in promoting an open global economy characterized by mutually beneficial cooperation and shared governance.