The Asia Society has announced that Richard McGregor’s “The Party: The Secret World of China’s Communist Rulers” has won the third annual Bernard Schwartz Book Award.

McGregor will be honored and presented with a $20,000 prize at Asia Society in New York on Dec. 1 for “contributing to the understanding of contemporary Asia or U.S.-Asia relations.”

“The Party” was selected from more than 100 nominations.

“This masterful study of the Chinese Communist Party shows just how it runs the country and also makes clear that the ‘China’ we speak so much about may be different and more complicated than we often think,” said co-chair Carol Gluck in a statement.

“This is an important book because it sheds new light on the role of the CCP in recruiting, training, promoting, and deploying personnel in the public sector, which holds major implications for China’s current and future policy choices,” added co-chair Tommy Koh.

Two honorable mentions were also selected: “Mao’s Great Famine: A History of China’s Most Devastating Catastrophe, 1958-1962” by Frank Dikötter (Walker & Company); and “Paths to Development in Asia: South Korea, Vietnam, China, and Indonesia” by Tuong Vu (Cambridge University Press). Each will each receive a $2,000 prize.