At the beginning of the new century, China’s leadership is preparing the ground for a smooth transfer of power from the third generation to the fourth generation leaders. Politicking among different factions has intensified as top leaders who are slated to step down after the 16th National Party Congress in 2002 jockey to put their imprint on the new power configuration.How have President Jiang Zemin and Premier Zhu Rongji dealt with the leadership succession while at the same time keeping an eye on the economy? What kind of power-sharing will be brokered among the different factions? Are the fourth generation leaders ready to take over the reins of power? And will China be able to maintain high growth even as it goes through this period of power transition? The articles in this publication address those issues.