Cracking The China Conundrum

China's rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China's economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues. Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China's economy. He examines arguments about the causes and effects of China's possible debt and property market bubbles, trade and investment relations with the Western world, the links between corruption and political liberalization in a growing economy and Beijing's more assertive foreign policies. Huang explains that such misconceptions arise in part because China's economic system is unprecedented in many ways-namely because it's driven by both the market and state- which complicates the task of designing accurate and adaptable analysis and research. Further, China's size, regional diversity, and uniquely decentralized administrative system poses difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China's economic state accurately. This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China's economic environment.

China's rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China's economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues. Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China's economy. He examines arguments about the causes and effects of China's possible debt and property market bubbles, trade and investment relations with the Western world, the links between corruption and political liberalization in a growing economy and Beijing's more assertive foreign policies. Huang explains that such misconceptions arise in part because China's economic system is unprecedented in many ways-namely because it's driven by both the market and state- which complicates the task of designing accurate and adaptable analysis and research. Further, China's size, regional diversity, and uniquely decentralized administrative system poses difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China's economic state accurately. This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China's economic environment.

Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues.

Please note: This is a companion version & not the original book. Sample Book Insights: #1 China’s rise is challenging the world’s geopolitical balance of power, and many see it as a threat to the established international order and Western democratic traditions. But many economists and financial experts struggle to understand China’s economy because there is no agreed-upon analytical framework. #2 Because China is a continental economy, regional and spatial factors affect economic outcomes in ways that traditional macroeconomic indicators do not easily capture. Thus, observers often simplify when a more holistic approach is more appropriate. #3 China’s economic rise has been a mystery to many. While some see its authoritarian system as its biggest weakness, others see it as a major contributor to its impressive achievements. #4 China’s economic performance after Deng Xiaoping opened up the economy in 1980 was extraordinary, and the country grew rapidly for three decades. But the recent economic slowdown has generated widespread concerns about the country’s prospects.

Please note: This is a companion version & not the original book. Book Preview: #1 China’s rise is challenging the world’s geopolitical balance of power, and many see it as a threat to the established international order and Western democratic traditions. But many economists and financial experts struggle to understand China’s economy because there is no agreedupon analytical framework. #2 Because China is a continental economy, regional and spatial factors affect economic outcomes in ways that traditional macroeconomic indicators do not easily capture. Thus, observers often simplify when a more holistic approach is more appropriate. #3 China’s economic rise has been a mystery to many. While some see its authoritarian system as its biggest weakness, others see it as a major contributor to its impressive achievements. #4 China’s economic performance after Deng Xiaoping opened up the economy in 1980 was extraordinary, and the country grew rapidly for three decades. But the recent economic slowdown has generated widespread concerns about the country’s prospects.

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 dollars in 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.

Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of capitalism was not accompanied by the eradication of corruption, but rather by its evolution from thuggery and theft to access money. In doing so, she changes the way we think about corruption and capitalism, not only in China but around the world.

Despite the diversity in income levels, languages, culture, resource endowments, and political systems, the countries of East Asia are more integrated now than they have ever been. Goods, money, and ideas are being traded across the region. East Asia is redefining itself from a collection of disparate nations that looked mainly to markets in the west, to a more self-reliant, innovative, and networked region. Countries in this region are strengthening ties with each other and seeking more strategic partnerships with the rest of the world. 'East Asian Visions' is a collection of essays that convey, firsthand, how some of the most influential thinkers in East Asia view these challenges. The writers are eminent policy makers, statesmen, and scholars. They write about how competition with the west has bred success; how crises in the region have provoked introspection; and how the rise of China is catalyzing change.

"Increasingly powerful, prosperous, and authoritarian, China under the leadership of Xi Jinping has become a more intense competitor across the globe-economically, technologically, diplomatically, militarily, and in seeking to influence people's hearts and minds. But what does China ultimately want in the world? This timely and illuminating book explains the fundamental motivations driving the country's more dynamic, assertive, and risk-taking approach to the world under Xi Jinping. With original and perceptive analysis, Daring to Struggle focuses on six increasingly important interests for today's China-legitimacy, sovereignty, wealth, power, leadership, and ideas-and details how the determined pursuit of them at home and abroad profoundly shapes its foreign relationships, contributing to a more contested strategic environment in the Indo-Pacific and beyond. The book offers rich insights on the increasing role of the Chinese Communist Party in the country's international affairs, the looming risks of conflict in areas of contested sovereignty around China's periphery, Beijing's dramatically changing approach to foreign economic relations, its expanding use of economic leverage and military coercion, China's aspirations to greater leadership in global governance, and the well-resourced promotion of its ideas, image and influence across the world. This lively and accessible perspective on China's global ambitions draws from authoritative Chinese-language sources. The resulting analysis will inform policymakers, executives, China watchers, students, and other globally engaged citizens seeking to understand China's ambitions and how our governments and societies can respond"--

China's Quest, the result of over a decade of research, writing, and analysis, is both sweeping in breadth and encyclopedic in detail. Quite simply, it will be essential for any student or scholar with a strong interest in China's foreign policy. This new and revised edition includes an additional chapter and new analysis, which address China's strategies in the aftermath of the Western economic crisis, Xi Jinping's embrace of assertive nationalism, the "China Dream" and restoration of China's leading global status, and the "One Belt, One Road" and "communities of common destiny" initiatives.