The global economic crisis has made clear China's importance and expanding role on the world stage. The bestselling book, China's Rise: Challenges and Opportunities--now available in paperback--explains actions both China and the United States can take that will not only maximize the opportunities for China's constructive integration into the international community, but also help form a domestic consensus that will provide a stable foundation for such policies. This book is unique in its analysis of the authoritative data on China's economy, foreign and domestic policy, and national security. China is confronting domestic challenges that are in many ways side effects of its economic successes, while simultaneously trying to take advantage of the foreign policy benefits of those same successes. The book from The China Balance Sheet Project, a joint, multiyear project of the Center for Strategic and International Studies and the Peterson Institute, discusses China's military modernization, China's increasing soft power influence in Asia and around the world, China's policy toward Taiwan, domestic political development, Beijing's political relations with China's provincial and municipal authorities, corruption and social unrest, rebalancing China's economic growth, the exchange rate controversy, energy and the environment, industrial policy, trade disputes, and investment issues. The paperback version features a new introduction that addresses events since the fall of 2008 and provides context for the book's insight in light of those events.