China's Economy (2nd Edition)

What Everyone Needs to Know

China's Economy (2nd Edition)
Arthur R Kroeber
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Paperback
h209 x 142mm - 320pg
15 Jul 2020 US
9780190946463
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China' s economic growth has been revolutionary, and is the foundation of its increasingly prominent role in world affairs. It is the world' s second biggest economy, the largest manufacturing and trading nation, the consumer of half the world' s steel and coal, the biggest source of international tourists, and one of the most influential investors in developing countries from southeast Asia to Africa to Latin America. Multinational companies make billions of dollarsin profits in China each year, while traders around the world shudder at every gyration of the country' s unruly stock markets. Perhaps paradoxically, its capitalist economy is governed by anauthoritarian Communist Party that shows no sign of loosening its grip. China is frequently in the news, whether because of trade disputes, the challenges of its Belt and Road initiative for global infrastructure, or its increasing military strength. China' s political and technological challenges, created by a country whose political system and values differ dramatically from most of the other major world economies, creates uncertainty and even fear. China' s Economy: What Everyone Needs to Know (R) is a concise introduction to the most astonishing economic and political story of the last three decades. Arthur Kroeber enhances our understanding ofChina' s changes and their implications. Among the essential questions he answers are: How did China grow so fast for so long? Can it keep growing and still solve its problems of environmental damage, fast-rising debt and rampant corruption? How long can its vibrant economy co-exist with the repressive one-party state? How do China' s changes affect the rest of the world? This thoroughly revised and updated second edition includes a comprehensive discussion of the originsand development of the US-China strategic rivalry, including Trump' s trade war and the race for technological supremacy. It also explores the recent changes in China' s political system, reflecting XiJinping' s emergence as the most powerful leader since Mao Zedong. It includes insights on changes in China' s financial sector, covering the rise and fall of the shadow banking sector, and China' s increasing integration with global financial markets. And it covers China' s rapid technological development and the rise of its global Internet champions such as Alibaba and Tencent.
"If the notion of a middle way sounds intuitively appealing, Arthur Kroeber' s book brings rigour to the debate to show why it is also the most likely outcome. A longtime China analyst now managing an independent research firm, he launches an assault, albeit courteously worded, on conventional wisdom from the two opposing camps. What emerges is a nuanced take on an economy facing serious challenges, ones that do not spell its collapse but could prove intractableall the same. "--The Economist"Thankfully Arthur Kroeber has [condensed] many years of studying and writing about the Chinese economy into a single-volume portrait accessible to the generalist. Aside from the clear descriptive prose and judicious organisation this book achieves two things. On the one hand it lays out a detailed framework of how China works that will be recognisable to experts, and accessible to newcomers, breaking the whole into a series of digestible parts. On the otherhand it offers a layer of measured assessment aimed at addressing the full range of pressing issues affecting China. "--Forbes"Few have watched the development of the Chinese economy as closely as Arthur Kroeber. [China' s Economy] is a wide-ranging and authoritative primer on the history and development of China' s unique blend of decentralized economic authoritarianism. "--Quartz
Arthur R. Kroeber is founding partner and managing director of Gavekal Dragonomics, a research firm focusing on China with offices in Hong Kong and Beijing. Before establishing Dragonomics in 2002, he spent 15 years as a financial and economic journalist in China and South Asia. He is senior non-resident fellow at the Brookings-Tsinghua Center in Beijing, adjunct professor at the Columbia University School of International and Public Affairs and atthe NYU Stern School of Business, and a member of the National Committee on US-China Relations.
Status: Active
ISBN-13: 9780190946463
Published: 15 Jul 2020
Published In: United States
Imprint: Oxford University Press
Publisher: Oxford University Press
Format: Paperback
Height: 209mm
Width: 142mm
Spine: 31mm
Weight: 520g
Pages: 320

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