Chapter 1 Introduction.- Overview of the Study.- The State, Market and Life Chances: The Puzzles and How They Are Explained.- Preview of the Remaining Chapters.- Chapter 2 Literature Review and the Framework of the Study.- Literatures Review.- Analytical Framework of the Study.- Methodology and the Field-Site.- Chapter 3 Market Penetration and the Life Chances of Peasants in Guangdong.- Market Penetration in Guangdong.- The Increase and Distribution of Earning Sources.- Inter-Governmental Revenue Sharing and Peasants’ Life Chances.- Chapter 4 A New Cooperative Economy.- An Introduction of Fan Township.- Peasants’ Lives in New Cooperative Economy.- Inter-governmental Revenue sharing and Cadres’ Governances.- The Stratification Results of Rural Fan Township.- Chapter 5 An outskirt Economy.- Lee Township and Its Market Penetration.- The Earnings of Peasants in Lee Township.- Revenue Sharing in Lee Township.- From the Redistributors to “Volunteer Fireman”.- The Stratification Results of Rural Lee Township.- Chapter 6 A Local Economy.- Market Penetration in Chan Township.- The Village Cadres as Assistants of Predators.- The Stratification Result in Rural Chan Township.- Chapter 7 Conclusions and Implications.- Summary of the Findings.- The Findings Interpreted.- Limitations.