Book excerpt: After more than 30 years of rapid development, China has established herself as an important engine of growth for the world economy. This achievement, however, came with a heavy price, in the form of serious pollution in its developed regions and social problems in areas such as healthcare and housing. This publication studies some of such problems and provides an updated account on a wide range of new social policy initiatives in China.China's New Social Policy distinguishes itself from other literature in this field. It undertakes a general methodology that assesses the social impact brought about by the market-oriented changes in China's social policies, and contests the idea whether market-oriented development can result in a more sustainable society. All chapters in the book are crafted by prominent scholars, which include Professor Zheng Yongnian, Director of the East Asian Institute, and Professor Gu Xin, School of Government, Peking University.