Red Flags : Why Xi's China Is in Jeopardy /
"A trusted economic commentator provides a penetrating account of the threats to China's continued economic rise Under President Xi Jinping, China has become a large and confident power both at home and abroad, but the country also faces serious challenges. In this critical take on China...
New Haven :
Yale University Press,
|Online Access:||Online version|
No Tags, Be the first to tag this record!
- Cover page; Halftitle page; Title page; Copyright page; Dedication page; CONTENTS; ACKNOWLEDGEMENTS; INTRODUCTION; China matters; Where bulls and bears clash; How the book is organised; 1 ECHOES; Connections; The 'century of humiliation'; Legacies and myths; 2 FROM MAO TO MODERNITY; Mao's economy; Failure with few silver linings; 'Reform and Opening Up'; First phase of reform 1978-88; Second phase of reform 1992-2003; New ownership; Fiscal, foreign trade and financial reforms; Financial reform; Modernity; 3 THE END OF EXTRAPOLATIONRE BALANCING AND REFORM; External rebalancing done and dusted
- Why rebalancing is necessaryPaving the way for reform; Third plenum ambitions; Financial reforms advanced; SOE reforms stalled; Land and Hukou; Energy and water; What now for reform?; 4 DEBT TRAP; Accumulation of debt; China's debtors; Bad debts; Banks and shadow banks; Banking crisis more likely than a debt crisis; Repo markets and wealth management products; Regulators react; Is there systemic risk?; 5 RENMINBI TRAP; The rise and stall of the Renminbi; The stock market collapse; Renminbi 'devaluation'; Can the Renminbi's stability last?; 6 DEMOGRAPHIC (AGEING) TRAP; The essence of ageing
- Coping mechanismsChina's baby bust; China's demographic dividend is banked; Is China running out of workers?; Age-related spending, pensions and healthcare; 7 MIDDLE-INCOME TRAP; Defining the trap; The key is total factor productivity; Governance, institutions and Xi's new authority; China's biggest vested interest is itself; Going all out for technology leadership; Weighing up the tech wheat and chaff; 8 TRADE DOGS OF WAR; Trump's gift to China; China in the world trading system; Sino-US trade tensions; Investment tensions; US trade deficit, China trust deficit
- 9 THE EAST WIND PREVAILS OVER THE WEST WINDWhere the rubber meets the Belt and Road; BRI incubates both commerce and confrontation; Economics and geopolitics: drivers and dividers; Locking horns in Eurasia; 10 XI JINPING'S CHINA; Putting politics back in command; A maze of economic contradictions; New divergences; International relations divergence; Will the east wind prevail?; ENDNOTES; SELECT BIBLIOGRAPHY; INDEX