China is entering a critical phase in its move to a market economy, in which it will establish the basic institutional foundations of a market economy, including legal frameworks that will govern property rights, competition, corporate governance, intellectual property, bankruptcy, and contracts. Ongoing debates and discussions will have a major effect in determining the kind of market economy into which China will evolve. This provides a unique opportunity to think about the differences in institutional arrangements and their consequences-and what would normally be an academic exercise could turn out to have enormous impact for a quarter of the world's population.

IPD’s China Task Force is a global joint undertaking between Columbia University (including the Initiative for Policy Dialogue, the Committee on Global Thought, the East Asia Center, and the Law School), China (including Tsinghua University, Peking University, and the Development Research Forum), and the University of Manchester's Brooks World Poverty Institute.