Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? Dealing with the relation between investment, finance, and growth in China, this book dismisses this concern. "Although it includes some technical economic analysis, How China Grows is accessible to noneconomists and will benefit anyone who is interested in development finance in general and in China's economic growth in particular whether economists, political scientists, bankers, or business people."