Testimony Before The Us China Economic And Security Review Commission

While Chinese leaders, including President Xi, do formulate grand strategies, they are also human and fallible -- often, they themselves are unsure how to reach a goal; they overreach and later retreat; or they completely fail to anticipate certain problems and reactions. In order to accurately assess China, it is necessary to take both ambition and fallibility into account. In China policy outcomes are not only the result of leaders' vision and elite politics; they are also shaped by policy communication and policy implementation, processes that involve a vast bureaucracy. In analyzing the sources of Chinese conduct, the latter has received little or no attention. I illustrate using the examples of the Belt and Road Initiative and "common prosperity" campaign.

"A Carnegie Endowment for International Peace Book" -- dust jacket.

The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.