China's Economy : What Everyone Needs to Know (R)
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 an authoritarian 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 is a concise introduction to the most astonishing economic and political story of the last three decades. Arthur Kroeber enhances our understanding of China'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 origins and 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 Xi Jinping'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.
- Paperback | 320 pages
- 142 x 209 x 31mm | 520g
- 24 Sep 2020
- Oxford University Press Inc
- New York, United States
- 2nd Revised edition
Other books in this series
22 Oct 2015
24 Mar 2016
Table of contents
1. Why China Matters
2. Population, Geography, and History
3. China's Political Economy
4. Agriculture, Land, and the Rural Economy
5. Industry, Exports, and Technology
6. Urbanization and Infrastructure
7. The Enterprise System
8. The Government Finance System
9. The Financial System
10. Energy and the Environment
11. Demographics and the Labor Market
12. The Emerging Consumer Economy
13. The Social Compact
14. Changing the Growth Model
15. China and the World: Is Conflict Inevitable?
For Further Reading
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 other hand 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
About Arthur R. Kroeber
the NYU Stern School of Business, and a member of the National Committee on US-China Relations.