Fiscal Reform in China: 1978-2008, coauthored by Yang Zhiyong and Yangzhigang, researchers at the National Academy of Economic Strategy, CASS, was published by Cengage Learning Publishing House in 2012. This book focuses on the reform of China’s financial system from 1978-2008. Financial reform has been playing a significant role in all the other reforms, such as agricultural reform, state-owned enterprises reform and price reform. In the last 30 years, China’s state finance has witnessed many profound changes in terms of the range and structure of financial revenue and expenditure, the relationship between the central finance and local finance, financial policy, financial administration system and financial decision-making mechanism. Financial reform has been acting as a positive drive to the formation and development of market economy. Probing the logics of China’s financial reform, this book is a gateway to a better understanding of the history and future of China’s financial reform.