| Description |
1 online resource (x, 236 pages) |
| Physical Medium |
polychrome |
| Description |
text file |
| Bibliography |
Includes bibliographical references and index. |
| Summary |
"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's future, economist George Magnus explores four key traps that China must confront and overcome in order to thrive: debt, middle income, the Renminbi, and an aging population. Looking at the political direction President Xi Jinping is taking, Magnus argues that Xi's authoritarian and repressive philosophy is ultimately not compatible with the country's economic aspirations. Thorough and well researched, the book also investigates the potential for conflicts over trade, China's evolving relationship with Trump, and the country's attempt to win influence and control in Eurasia through the Belt and Road initiative."-- Provided by publisher. |
| Contents |
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 |
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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 |
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Coping mechanisms; China'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 |
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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. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
Xi, Jinping.
|
|
Xi, Jinping. |
|
China -- Economic conditions -- 2000-
|
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China. |
|
Economic conditions. |
| Chronological Term |
2000- |
| Subject |
China -- Economic policy -- 2000-
|
|
Economic policy. |
|
China -- Politics and government -- 2002-
|
| Chronological Term |
2002- |
| Subject |
BUSINESS & ECONOMICS -- Economic History. |
|
BUSINESS & ECONOMICS -- Economics -- General. |
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BUSINESS & ECONOMICS -- Reference. |
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Politics and government. |
|
HISTORY -- Asia -- China. |
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Economic history. |
| Chronological Term |
Since 2000 |
| Genre/Form |
Electronic books.
|
| Other Form: |
Print version: Magnus, George. Red flags. New Haven : Yale University Press, [2018] 0300233191 (DLC) 2018947835 (OCoLC)1024172508 |
| ISBN |
9780300240955 (electronic book) |
|
0300240953 (electronic book) |
|
9780300233193 |
|
0300233191 hardcover |
|
9780300233193 |
|
