‘At a time when many look to China as a model of economic development, Yasheng Huang asks the hard question: is $50 billion in annual foreign direct investment really a sign of unqualified success? Selling China argues that China not only gets more direct investment than any other developing country, but that it is dependent on it because its own financial sector is sickly, leaving billions in Chinese savings idle while billions from across the seas are invested at higher cost. Students of China's economic development - and what it means for the 100 poorer nations looking to follow its lead - will read Huang's careful analysis for its logic and scholarship, and because it is the best available quantification of the size and meaning of foreign investment in China. Business managers, bankers and money managers who think of foreign investment as reassurance will read this book with sobriety, and be better prepared to succeed in the next phase of Chinese economic reformation as a result. Chinese leaders themselves will read this powerful book; but will they be able to address the often politically rooted problems documented by Huang? China's political transition, not just economic growth, rides on the answer.’Daniel Rosen, Institute of International Econopmics, Washington DC.