China's ambitious economic reform, which began in the late 1970s, was intended to revitalize existing enterprises. Accompanying this reform, China's management education has gained increased prominence, and related fields have developed concurrently as the economic reform requires a large contingent of entrepreneurial-type managerial personnel to be effective. China's management schools, however, face serious problems, including a shortage of qualified faculty, an unbalanced curriculum, deficient teaching facilities, and an undiversified student body. All these problems pose a serious threat to the success of China's economic reform, as better trained managers are the cornerstone to enterprises' success. This article presents a review of the development of China's management education system, a discussion of current problems, and recommendations for improvement.