As a one-stop educational text on Chinese philosophy, this is as good as it gets...
First, this book presents the great thinkers in their own words, sequenced historically, rather than in the typical Western explanatory narrative style. Second, these translations are best-in-the-world and form a set with consistent vocabulary. Third, Chan was a real Qing Dynasty Neo-Confucian who began studying the classics from age 6 to pass the imperial exams. These individuals are all gone now, and so a book like this cannot ever be written again. Classical Chinese is essentially the author's native language; he knew these philosophies natively, and it shows. The only downside is the use of the older Wade-Giles system (“Chu Hsi”) instead of modern pinyin (“Zhu Xi”).
This chronologically ordered review of 2,500 years of doctrines, from Kongzi to Mao, and from the Chinese point of view, is exactly what we need to get started in Chinese philosophy.
[Also, I have both the hardcover and paperback. The paperback is great, but if you find a good condition hardcover it is larger with bigger font, and looks even better. The digital version is free and online at InternetArchive.org.]