About the Author ix Introduction xi 1: China at a Glance 1 Getting to Know the Chinese Language 2 Confucianism, the Cornerstone of Traditional Chinese Culture 3 Religion in China 4 Overview of the Chinese Calendar 5 Historical Chinese Cities 7 The First Five Special Economic Zones of China 9 Other Notable Chinese Cities 11 China's Five National Central Cities, Emerging Cities, and Growing Middle Class 14 Transportation in China 16 Evolution of Modern Chinese Paper Currency 19 China's Political System 19 Five?]Year Plans of the People's Republic of China 24 China and Rare Earth Elements 26 China's Nuclear Energy Industry 27 China Investment Corporation 29 China's Foreign Exchange Reserves 30 Foreign Direct Investment Flows 31 China's Trade Activity with the United States 32 China's Trade Activity with the World 34 2: Issues for Consideration 37 Investment Trends 39 Intermediate?]Term Strengths and Hindrances in China 40 Potential Risks 41 Bullish Factors Affecting China's Economy and Markets 42 Bearish Factors Affecting China's Economy and Markets 45 China's Economy in Context 49 Three Scenarios for the Chinese Economy through 2020 50 The China Landscape: Megatrends 53 The China Landscape: Megatransition 57 China: The Middle?]Income Transition 58 China Nationally and Regionally Emulates Other Asian Nations 59 Chinese Affluent Consumer 61 China's Consumption May Be Understated 63 Three Pillars Underpin Rising Chinese Consumption through 2020 65 Labor Supply and Workforce Trends in China 66 Demographic Trends in China 67 Increasing Urbanization Rates in China 70 China's Demand for Industrial Commodities 72 Business?]to?]Consumer (B2C) E?]Commerce and Growing Internet Usage in China 72 China and India: A Critical Global Relationship 73 China and India: Expanding Strengths 75 China as a Superpower 77 3: Investing Background 79 China and Greater Asia Economic Forecast 83 Chinese Initial Public Offering Activity 86 Overview of China?]Related Equities 92 The MSCI China Index 100 China's Treasury Bond Market 107 China's Corporate Bond Market 107 Short?]Term Interest Rates in China 109 4: Understanding China's Investment Potential 111 Domestic Politics 112 The Economy 113 The Chinese Renminbi 115 Credit and Capital Markets 117 Geopolitics 117 China's Maritime Positioning 118 China's Property Market 120 Inflation and Deflation 123 Energy 126 Security 128 The Relationship between the United States and China 129 Other Issues 129 5: Overview of the Investment Landscape 137 Overview of Closed?]End Funds with Exposure to Greater China 138 Overview of Private Equity/Venture Capital in China: From Nascent Beginnings to Burgeoning Present Times 139 Chinese A Shares 141 Chinese B Shares 142 Chinese H Shares 143 Chinese Red Chip Shares 144 Chinese P?]Chip Shares 146 Select China?]Related Equity Indexes 147 Select China?]Related Equity Indexes 150 Overview of China ADRs 151 Overview of China Convertible Bonds 152 U.S., European, and Asian Corporations in China 152 6: Additional Sources and Disclosures 155 Select Web Sites 155 Books 155 Morgan Stanley Research Publications 158 Periodicals 160 Publications 164 Television Broadcasts 164 7: Glossary of Indexes 165 Acknowledgments 169.