China's economy: what everyone needs to know(r) - arthur r. kroeber

Chinas economic growth has been revolutionary, and is the foundation of its increasingly prominent role in world affairs.

It is the worlds second biggest economy, the largest manufacturing and trading nation, the consumer of half the worlds 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 countrys 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.

Chinas 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.

Chinas Economy: What Everyone Needs to Know(R) is a concise introduction to the most astonishing economic and political story of the last three decades.

Arthur Kroeber enhances our understanding of Chinas 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 Chinas 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 Trumps trade war and the race for technological supremacy.

It also explores the recent changes in Chinas political system, reflecting Xi Jinpings emergence as the most powerful leader since Mao Zedong.

It includes insights on changes in Chinas financial sector, covering the rise and fall of the shadow banking sector, and Chinas increasing integration with global financial markets.

And it covers Chinas rapid technological development and the rise of its global Internet champions such as Alibaba and Tencent.