*China 3.0*, compiled by the Council on Foreign Relations of Europe, published by Cheonglim Publishing (2013). It has been a long time since I read a book about contemporary China. The Mao Zedong era, which built the New China based on the theory of class revolution and plunged the country into the great turmoil of the Cultural Revolution, was the China 1.0 era; the 30 years following Deng Xiaoping, who pursued China's economic development through reform and opening up, were the China 2.0 era.

Although I have studied the Chinese economy as a major in China, I think I viewed the country with a somewhat biased perspective. As China's market expands and the proliferation of social media and smartphones has driven its rapid development over the past few years, I have been surprised more than once. I recall seeing banners of the "Communist Party Member of the Year" displayed throughout the streets when I was in China three or four years ago. Since the system remains the same, it

CHINA 3.0. I find myself wondering, "Do I really know China well? How much do I truly know about it?" We might vaguely think of it simply as a country near ours—a land larger than ours, a land of counterfeits, and so on. However, having grown up hearing that China's economy would grow because of its vast territory and large population, I need to understand how China is evolving in 2013. Therefore, through the concept of CHINA 3.0, it is necessary to examine the rapidly rising China from various

This book can be seen as a portrayal of China's rapid, dazzling, and frightening economic development. I believe that the first tangible realization of China's rapid development began with Deng Xiaoping's reforms. After Deng Xiaoping shifted from socialism to economic openness, a reform and opening-up movement unfolded, driven by a determination to do anything to live well and eat well. Coinciding with the European Union—formed by the union of ten European nations—and China's economic