{"id":3081,"date":"2020-05-11T14:56:37","date_gmt":"2020-05-11T14:56:37","guid":{"rendered":"https:\/\/cbbcfocus.com\/?p=3081"},"modified":"2025-04-23T10:08:54","modified_gmt":"2025-04-23T10:08:54","slug":"five-books-on-the-chinese-economy","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/five-books-on-the-chinese-economy\/","title":{"rendered":"Five books that explain the Chinese economy"},"content":{"rendered":"

China\u2019s role in the global economy has evolved faster than that of any other country in the world. These five new books try to explain the challenges China faces in its endeavour to become the world\u2019s largest economy, and how to make sense of its presence in the context of its past. By Clizia Sala<\/strong><\/h2>\n

\"launchpad<\/a><\/p>\n

The Myth of Chinese Capitalism,\u00a0by Dexter Roberts<\/strong><\/h2>\n
St. Martin\u2019s Press, March 2020<\/h5>\n

 <\/p>\n

\"Myth<\/p>\n

Roberts\u2019 fascinating book paints the picture of a deeply imbalanced society, which is sometimes overlooked by foreign investors attracted by the huge appeal of half a billion middle-class consumers.<\/p>\n

Through this detailed report, journalist Dexter Roberts<\/a> shows how foreign investors often chose to ignore ordinary workers. Far from buying organic food, fast cars and fancy apartments, the lower social classes constitute around 60% of the population and earn an average of between \u00a32 and \u00a310 per day.<\/p>\n

In \u2018The Myth of Chinese Capitalism,\u2019 Roberts vents their grievances. He follows the lives and hopes of workers and small entrepreneurs in poverty-stricken regions of Guizhou, and in the manufacturing heart of Guangdong Province: Dongguan.<\/p>\n

China\u2019s local administrative system (known as the hukou <\/em>system) prohibits many workers from relocating freely within the country, and hinders social mobility, perpetuating inequality and raising workers\u2019 dissatisfaction. Without social mobility, Roberts argues, the economic growth of the whole country is at risk.<\/p>\n

This well-researched volume brings to life the problems migrant workers face in China today. Roberts lucidly highlights a conflict-ridden system that poses a severe challenge to the country\u2019s forthcoming growth.<\/p>\n

Tech Titans of China, by Rebecca A. Fannin,<\/strong><\/h2>\n
Nicholas Brealey Publishing, September 2019<\/h5>\n

 <\/p>\n

\"Tech<\/p>\n

 <\/p>\n

China\u2019s strong entrepreneurial culture has been key to the country\u2019s technological development in the past two decades. Its competitive spirit and inexhaustible work ethic have transformed it from a land that used to play catch-up with the US, to a country that is leapfrogging the West. In \u2018Tech Titans of China,\u2019 pioneering journalist Rebecca Fanning provides the reasons why, as one of her sources tells her, \u201cChina is going to eat Silicon Valley\u2019s lunch.\u201d<\/p>\n

Fanning focuses on key players and companies in sectors extending from the sharing economy and e-commerce, to AI and social media platforms. She spent several months interviewing China\u2019s top tech gurus – the equivalent of Steve Jobs, Jeff Bezos and Bill Gates. The book is the result of a well-conducted exploration of China\u2019s tech ecosystem, where the author waded through tech incubators, accelerators, workshops and networking events. Fanning\u2019s argument is that China\u2019s disruption of the US\u2019s leadership role in tech should prompt companies and businessmen in the US to counter it, and fast.<\/p>\n

A must-read to understand China\u2019s technological advancement, the book provides fundamental context on how its tech sector reached supremacy, without forgetting to cast an eye on what comes next.<\/p>\n

In \u2018Tech Titans of China,\u2019 pioneering journalist Rebecca Fanning provides the reasons why, as one of her sources tells her, \u201cChina is going to eat Silicon Valley\u2019s lunch.\u201d<\/p><\/blockquote>\n

High-Speed Empire: Chinese Expansion and the Future of Southeast Asia, by Will Doig<\/strong><\/h2>\n
Columbia Global Reports, May 2018<\/h5>\n

 <\/p>\n

\"High<\/p>\n

 <\/p>\n

Travelling through China only a decade ago required ingenuity and patience, but in little more than a decade, China has built an extensive network of incredibly comfortable and convenient high-speed trains. According to Doig, Beijing\u2019s infrastructure ambitions have helped it overcome its frontiers. And following the push of economic agreements of the Belt and Road Initiative, those ambitions continue to grow with projects such as the Pan-Asia Railway from Kunming, in China\u2019s southwest, which spans across Singapore, Laos, Thailand and Malaysia.<\/p>\n

Just as countries around the world welcomed the Belt and Road Initiative with caution, Southeast Asian countries are facing a dilemma. Their leaders \u201cboth yearn for and fear\u201d Chinese investments. The choice is between allowing \u201cthe heavy hand of China\u201d in \u2013 through Chinese investments \u2013 or defending their sovereignty.<\/p>\n

Most of the evidence Doig provides is anecdotal \u2013 stories from interviews and experiences on his travels to the countries affected by China\u2019s Belt and Road ambitions. These include the border town of Boten in Laos, which resembles an Asian Las Vegas; the revived Bandar Malaysia project, which is a contentious property development in Kuala Lumpur; and Singapore\u2019s Forest City, a group of islands aimed at Chinese expat buyers. A quick, interesting read to get a deeper grasp of China\u2019s \u201crailroad diplomacy.\u201d<\/p>\n

China, Trade and Power: Why The West’s Economic Engagement Has Failed, by Stewart Paterson<\/strong><\/h2>\n
London Publishing Partnership, October 2018<\/h5>\n

 <\/p>\n

\"China,<\/p>\n

 <\/p>\n

In his book \u2018China, Trade and Power, Why the West\u2019s Economic Engagement has Failed,\u2019 Stewart Paterson argues that Western countries need to further put pressure on China to open up and engage in authentic political reforms rather than the \u201cindulgent engagement attitude\u201d that liberal economies have displayed so far when it comes to China.<\/p>\n

Paterson considers China\u2019s entry to the World Trade Organisation as the key turning point. By granting access to the WTO, he argues, the West hoped to trigger a political change in China. Not only did that not occur, but unfettered access to global markets also enabled China to gain a further advantage whilst playing by the rules of the liberal market.<\/p>\n

Paterson sometimes overstates his case but it can\u2019t be denied that China\u2019s growth following access to the WTO has rapidly influenced the political economy in the West and rewritten the geopolitics not just of China but of the world.<\/p>\n

The Third Revolution by Elizabeth C. Economy<\/strong><\/h2>\n
Oxford University Press, May 3, 2018<\/h5>\n

\"The<\/p>\n

 <\/p>\n

If Paterson identifies China\u2019s accession to the WTO as a defining moment, Elizabeth Economy treats the ascent to power of Xi Jinping as the key to interpreting China\u2019s modern history.<\/p>\n

The author details the transformative impact of Xi Jinping\u2019s policy in China and abroad. She describes the ambitious and expansive moves President Xi is adopting overseas and the decisive approach he is implementing within the country\u2019s borders. Underlining these traits of Xi Jinping\u2019s policy, Economy provides an informative explanation of what she calls the \u201cThird Revolution\u201d.<\/p>\n

China\u2019s current strategy is reversing the trend towards an economic opening and an acquiescent foreign policy that had been put in motion by Deng Xiaoping\u2019s \u201cSecond Revolution\u201d 30 years ago.<\/p>\n

The book spots the tensions, successes and shortcomings of President Xi\u2019s first five years in office, and provides suggestions to Western countries on how to navigate their relationship with China in the years to come.<\/p>\n

Economy\u2019s study of change in the field of international policy adds a fresh insight and nuance to the encompassing narrative of China\u2019s political transformation. Essential reading to understand where China is going in terms of domestic and international policy.<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China\u2019s role in the global economy has evolved faster than that of any other country in the world. These five new books try to explain the challenges China faces in its endeavour to become the world\u2019s largest economy, and how to make sense of its presence in the context of its past. By Clizia Sala The Myth of Chinese Capitalism,\u00a0by Dexter Roberts St. Martin\u2019s Press, March 2020   Roberts\u2019 fascinating…<\/p>\n","protected":false},"author":11,"featured_media":3087,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[123,204,206],"tags":[366,155,367,379,2427,333,378],"class_list":["post-3081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-consumer","category-culture","category-finance","tag-books","tag-bri","tag-economy","tag-geopolitics","tag-paywall","tag-politics","tag-xi-jinping"],"yoast_head":"\nFive books that explain the Chinese economy - Focus - China Britain Business Council<\/title>\n<meta name=\"description\" content=\"These five recently released books on China's economy provide an interesting insight into the country's economy, geopolitics and leadership.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/focus.cbbc.org\/five-books-on-the-chinese-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Five books that explain the Chinese economy - 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