Performance, Monitoring, and Evaluation in China
Amidst all the hoopla about China's
rise, it is useful to remember that China is a developing
country whose transition to a market economy is not yet
complete, with institution building still underway. The
uneven pace of progress is reflected in the state of its
public sector, but in some respects, China s public sector
looks formidable. Most often mentioned is the government s
treasure chest of US$3 trillion in foreign reserves. Even