How has China grown so fast for so long despite extensive corruption? In China's Gilded Age, Yuen Yuen Ang argues that although all corruption is harmful, it does not always hurt growth. Different forms of corruption have disparate impact; certain types actually stimulate investment and development while simultaneously posing serious risks for economic and political systems. Using a range of sources, Dr. Ang explains the evolution of Chinese corruption, how it differs from that of the West and other developing countries, and how President Xi Jinping's anti-corruption campaign could affect growth and governance. On September 30, 2020, the National Committee hosted a virtual program with Professor Yuen Yuen Ang.