{"id":8587,"date":"2021-09-23T07:00:11","date_gmt":"2021-09-23T07:00:11","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=8587"},"modified":"2025-04-23T09:50:18","modified_gmt":"2025-04-23T09:50:18","slug":"want-to-understand-the-chinese-economy-in-2021-start-with-these-books","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/want-to-understand-the-chinese-economy-in-2021-start-with-these-books\/","title":{"rendered":"Want to understand the Chinese economy in 2021? Start with these books"},"content":{"rendered":"<h2>Understanding the China in 2021 is about more than just looking at the numbers. These 5 recent books on the Chinese economy attempt to make sense of it in the context of the country\u2019s past, present and future, its people and its politics.<\/h2>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-7467\" src=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/04\/land-of-big-numbers-9781471190599_hr-637x1024.jpg\" alt=\"\" width=\"637\" height=\"1024\" srcset=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/04\/land-of-big-numbers-9781471190599_hr-637x1024.jpg 637w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/04\/land-of-big-numbers-9781471190599_hr-187x300.jpg 187w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/04\/land-of-big-numbers-9781471190599_hr-768x1235.jpg 768w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/04\/land-of-big-numbers-9781471190599_hr-955x1536.jpg 955w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/04\/land-of-big-numbers-9781471190599_hr-1274x2048.jpg 1274w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/04\/land-of-big-numbers-9781471190599_hr-1170x1881.jpg 1170w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/04\/land-of-big-numbers-9781471190599_hr-585x941.jpg 585w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/04\/land-of-big-numbers-9781471190599_hr.jpg 1280w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/p>\n<h4><a href=\"https:\/\/focus.cbbc.org\/land-of-big-numbers-with-te-ping-chen\/#.YUp9LWYzbBI\" target=\"_blank\" rel=\"noopener\">Land of Big Numbers<\/a>, Te-Ping Chen<\/h4>\n<p>When we think about China, we often think about it in terms of hard facts: GDP, export volume, population growth. Chinese-American writer and journalist Te-Ping Chen\u2019s collection of short stories, \u2018Land of Big Numbers\u2019, in some ways offers a corrective to that: a reminder of the highly individual voices, pursuits, and people \u2013 creative, ambitious, and deeply resilient \u2013 that define life in China beyond the headlines.<\/p>\n<p>The book\u2019s ten short stories shed light on a variety of Chinese characters that, in many ways, personify aspects of China\u2019s modern economic landscape. There is the migrant worker who finds a job in the big city, two men from very different backgrounds who play the stock market, an online activist. Overall, the book is an easy to read and approachable way to explore aspects of the Chinese economy that are not always covered in the news.<\/p>\n<p><a href=\"\/lp-cta-general\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"aligncenter wp-image-7247 size-full\" src=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-general.png\" alt=\"launchpad CBBC\" width=\"4680\" height=\"786\" srcset=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-general.png 4680w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-general-300x50.png 300w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-general-1024x172.png 1024w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-general-768x129.png 768w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-general-1536x258.png 1536w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-general-2048x344.png 2048w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-general-1920x322.png 1920w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-general-1170x197.png 1170w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-general-585x98.png 585w\" sizes=\"(max-width: 4680px) 100vw, 4680px\" \/><\/a><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-7723\" src=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/05\/Decoding-Chinas-Export-Miracle.jpg\" alt=\"\" width=\"450\" height=\"666\" srcset=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/05\/Decoding-Chinas-Export-Miracle.jpg 450w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/05\/Decoding-Chinas-Export-Miracle-203x300.jpg 203w\" sizes=\"(max-width: 450px) 100vw, 450px\" \/><\/p>\n<h4><a href=\"https:\/\/focus.cbbc.org\/china-global-value-chains-decoding-export-miracle\/#.YUp9KWYzbBI\" target=\"_blank\" rel=\"noopener\">Decoding China\u2019s Export Miracle<\/a>, Yuqing Xing<\/h4>\n<p class=\"p1\"><span class=\"s1\">Yuqing Xing\u2019s book explains how China\u2019s deep integration with global value chains (GVCs), a new model of manufacturing and trading goods internationally (often via several different countries) has been a decisive factor in the country\u2019s emergence as the world\u2019s number one exporting nation and the champion of high-technology exports.<\/span><\/p>\n<p>GVCs give Chinese firms a unique channel through which to access new knowledge and production know-how, which brands like Huawei and Xiaomi have used to leap forward in the brand development process \u2014 what Wing refers to as <span class=\"s1\">\u2018non-linear innovation.\u2019<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">The book uses a range of case studies including Apple, Uniqlo, Dyson, Samsung and others that use China to become \u2018factoryless manufacturers,\u2019 and looks to the next 5-10 years of trends in China&#8217;s export market.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-8013\" src=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/06\/The-Chinese-Economy-Stephen-L-Morgan-722x1024.jpg\" alt=\"\" width=\"722\" height=\"1024\" srcset=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/06\/The-Chinese-Economy-Stephen-L-Morgan-722x1024.jpg 722w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/06\/The-Chinese-Economy-Stephen-L-Morgan-211x300.jpg 211w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/06\/The-Chinese-Economy-Stephen-L-Morgan-768x1090.jpg 768w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/06\/The-Chinese-Economy-Stephen-L-Morgan-1083x1536.jpg 1083w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/06\/The-Chinese-Economy-Stephen-L-Morgan-1444x2048.jpg 1444w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/06\/The-Chinese-Economy-Stephen-L-Morgan-1170x1660.jpg 1170w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/06\/The-Chinese-Economy-Stephen-L-Morgan-585x830.jpg 585w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/06\/The-Chinese-Economy-Stephen-L-Morgan.jpg 1280w\" sizes=\"(max-width: 722px) 100vw, 722px\" \/><\/p>\n<h4><a href=\"https:\/\/focus.cbbc.org\/the-chinese-economy-stephen-l-morgan\/#.YUp8_GYzbBI\" target=\"_blank\" rel=\"noopener\">The Chinese Economy<\/a>, Stephen L. Morgan<\/h4>\n<p>As Professor of Chinese Economic History at the University of Nottingham, Stephen Morgan offers a well-rounded overview of the Chinese economy, as well as its intersection with Chinese politics.<\/p>\n<p>The book charts four decades of economic decision-making since the start of Reform and Opening Up, touching on issues such as sustainability, urbanisation, the ageing population and the middle classes. It also looks examines the state sector and the kind of political climate that will be necessary for China to achieve balanced economic growth.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-8511\" src=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/08\/Isabella-Weber-cover-683x1024.jpg\" alt=\"\" width=\"683\" height=\"1024\" srcset=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/08\/Isabella-Weber-cover-683x1024.jpg 683w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/08\/Isabella-Weber-cover-200x300.jpg 200w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/08\/Isabella-Weber-cover-768x1152.jpg 768w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/08\/Isabella-Weber-cover-1024x1536.jpg 1024w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/08\/Isabella-Weber-cover-1366x2048.jpg 1366w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/08\/Isabella-Weber-cover-1170x1755.jpg 1170w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/08\/Isabella-Weber-cover-585x877.jpg 585w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/08\/Isabella-Weber-cover-scaled.jpg 1280w\" sizes=\"(max-width: 683px) 100vw, 683px\" \/><\/p>\n<h4><a href=\"https:\/\/focus.cbbc.org\/isabella-weber-on-how-china-avoided-shock-therapy-economics\/#.YUp8-GYzbBI\" target=\"_blank\" rel=\"noopener\">How China Escaped Shock Therapy: The Market Reform Debate<\/a>, Isabella Weber<\/h4>\n<p>In the 1970s and 1980s, some post-Soviet economies underwent so-called <span class=\"s1\">\u2018shock therapy\u2019 in the switch from a planned to a free market economy, with varied (and sometimes negative) results.<\/span> How did China, which entered a period of reform and opening up around the same time, avoid the same fate? Assistant Professor of Economics at the University of Massachusetts Amherst, Isabella Weber, attempts to answer this question via interviews with a wide range of Chinese and international economists who contributed directly to policy during this era.<\/p>\n<p>The book is a must-read for those who wish to understand the complexity of the Chinese economic landscape, as by looking to the past, it sheds light on the direction of <span class=\"s1\">China\u2019s reforms in the short to medium term.\u00a0<\/span><\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-large wp-image-8213\" src=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/above-the-sea-cover-highres-680x1024.jpg\" alt=\"\" width=\"680\" height=\"1024\" srcset=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/above-the-sea-cover-highres-680x1024.jpg 680w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/above-the-sea-cover-highres-199x300.jpg 199w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/above-the-sea-cover-highres-768x1157.jpg 768w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/above-the-sea-cover-highres-1019x1536.jpg 1019w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/above-the-sea-cover-highres-1359x2048.jpg 1359w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/above-the-sea-cover-highres-1170x1763.jpg 1170w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/above-the-sea-cover-highres-585x882.jpg 585w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/07\/above-the-sea-cover-highres-scaled.jpg 1280w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><\/p>\n<h4><a href=\"https:\/\/focus.cbbc.org\/can-shanghai-art-market-thrive-despite-censorship\/#.YUp9umYzbBI\" target=\"_blank\" rel=\"noopener\">Above Sea: Contemporary Art, Urban Culture and the Fashioning of Global Shanghai<\/a>, Jenny Lin<\/h4>\n<p>Professor of critical studies and former Shanghai resident Jenny Lin<span class=\"s1\">\u2019<\/span>s new book examines contemporary art and design in Shanghai since the 1990s. In particular, it questions whether the city<span class=\"s1\">\u2019s vibrant art scene can coexist with state control and how a top-down emphasis on art and design can support or contradict its desire to be an international finance centre.<\/span> While the book has a fairly specific scope, its takeaways can be applied to the Chinese economy at large, especially with regard to how top-down control relates to creativity and innovation (a theme also explored in Stephen Morgan<span class=\"s1\">\u2019<\/span>s book).<\/p>\n<p><a href=\"\/lp-cta-membership2\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"aligncenter wp-image-7249 size-full\" src=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-membership2.png\" alt=\"Launchpad membership 2\" width=\"4680\" height=\"786\" srcset=\"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-membership2.png 4680w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-membership2-300x50.png 300w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-membership2-1024x172.png 1024w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-membership2-768x129.png 768w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-membership2-1536x258.png 1536w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-membership2-2048x344.png 2048w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-membership2-1920x322.png 1920w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-membership2-1170x197.png 1170w, https:\/\/focus.cbbc.org\/wp-content\/uploads\/2021\/03\/lp-membership2-585x98.png 585w\" sizes=\"(max-width: 4680px) 100vw, 4680px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Understanding the China in 2021 is about more than just looking at the numbers. These 5 recent books on the Chinese economy attempt to make sense of it in the context of the country\u2019s past, present and future, its people and its politics. Land of Big Numbers, Te-Ping Chen When we think about China, we often think about it in terms of hard facts: GDP, export volume, population growth. Chinese-American&hellip;<\/p>\n","protected":false},"author":34,"featured_media":8588,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[204],"tags":[366,199,367,2427],"class_list":["post-8587","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-culture","tag-books","tag-culture","tag-economy","tag-paywall"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Want to understand the Chinese economy in 2021? Start with these books - Focus - China Britain Business Council<\/title>\n<meta name=\"description\" content=\"These five excellent books on the Chinese economy offer context on the country\u2019s past, present and future, its people and its politics.\" \/>\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\/want-to-understand-the-chinese-economy-in-2021-start-with-these-books\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Want to understand the Chinese economy in 2021? 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