Since the early 1990s, hundreds of millions of people have moved to cities in China, where they gain access to better schools, health care, and infrastructure, as well as higher-paying jobs. China’s GDP has grown from $300 per capita to more than $10,000 in the past 30 years and lifted more people into the middle class than in any other country at any other point in human history. It is important for investors, US companies, and anyone interested in the global economy to understand China. China is rapidly shifting from an export-driven, low-cost manufacturer to a consumer-driven economy, and the wealth of China’s 1.4 billion consumers continues to grow. As the founder and CEO of KraneShares, an asset management company focused on China and headquartered in New York, author Jonathan A. Krane provides an inside look at China’s transformation into a global superpower and explains why the relationship between the US and China is the most critical economic relationship in the world today. is your guide to understanding China’s unmatched economic growth and fully realizing its status as an essential element in any well-designed investment portfolio, global business, and participation in the global economy.