The collection consists of a number of refereed essays, representing the mainstream of the Chinese economic thought and the Western sinology nowadays. It covers various fields of China’s socio-economic transformation. Specific features of macroeconomic dynamics in China are studied in depth. Special attention is dedicated to the intermediate results of structural reforms. China’s external economic expansion is also covered in its various dimensions. The materials refereed may be of an interest for those dealing with the issues of economies in transition and thinking how to apply the successful elements of China’s experiencе in the Russian circumstances.