Cracking The China Conundrum Why Conventional Economic Wisdom Is Wrong Book PDF, EPUB Download & Read Online Free

Cracking the China Conundrum
Author: Yukon Huang
Publisher: Oxford University Press
ISBN: 0190630035
Pages: 280
Year: 2017
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"Few countries command as much public attention as China. Its economic successes have altered global power relations and reshaped the debate on the virtues of market-led versus state-led capitalism. Yet despite such extensive media and academic scrutiny, the conventional wisdom about China's economy is often wrong. Many see a collapse in the making but others see eventual domination of the global financial system. Yet whether one is debating its achievements or its vulnerabilities, the analysis of what has been happening is usually misguided. These include topics such as China's potential debt and property market bubbles, its trade and investment relations with the United States and Europe, its efforts to broaden its regional influence by reviving historical trade routes and the links between corruption, growth and political liberalization. If the diagnosis is flawed, then so are the related policy prescriptions. There are many reasons why such judgments have gone astray, beginning with the absence of any validated framework for understanding an economy driven by both the market and the state. Moreover, China size, regional diversity and its unique decentralized administrative system shape outcomes in ways that are not easily captured by simplistic indicators or the usual themes. The lack of suitable analytical tools is further complicated by the biases that flow from the differing social and cultural values between China and the West. "Cracking the China Conundrum" is the key to understanding the reality and developing the basis for a more constructive dialogue.""--
Cracking the China Conundrum
Author: Yukon Huang
Publisher: Oxford University Press
ISBN: 0190630051
Pages: 256
Year: 2017-06-22
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China's rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China's economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues. Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China's economy. He examines arguments about the causes and effects of China's possible debt and property market bubbles, trade and investment relations with the Western world, the links between corruption and political liberalization in a growing economy and Beijing's more assertive foreign policies. Huang explains that such misconceptions arise in part because China's economic system is unprecedented in many ways-namely because it's driven by both the market and state- which complicates the task of designing accurate and adaptable analysis and research. Further, China's size, regional diversity, and uniquely decentralized administrative system poses difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China's economic state accurately. This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China's economic environment.
Cracking the China Conundrum
Author: Yukon Huang
Publisher: Oxford University Press
ISBN: 0190630043
Pages: 256
Year: 2017-06-22
View: 672
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China's rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China's economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues. Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China's economy. He examines arguments about the causes and effects of China's possible debt and property market bubbles, trade and investment relations with the Western world, the links between corruption and political liberalization in a growing economy and Beijing's more assertive foreign policies. Huang explains that such misconceptions arise in part because China's economic system is unprecedented in many ways-namely because it's driven by both the market and state- which complicates the task of designing accurate and adaptable analysis and research. Further, China's size, regional diversity, and uniquely decentralized administrative system poses difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China's economic state accurately. This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China's economic environment.
China's Great Wall of Debt
Author: Dinny McMahon
Publisher: Houghton Mifflin Harcourt
ISBN: 1328846024
Pages: 288
Year: 2018-03-13
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A stunning inside look at how and why the foundations upon which China has built the world’s second largest economy, have started to crumble. Over the course of a decade spent reporting on the ground in China as a financial journalist, Dinny McMahon gradually came to the conclusion that the widely held belief in China’s inevitable economic ascent is dangerously wrong. In this unprecedented deep dive, McMahon shows how, lurking behind the illusion of prosperity, China’s economic growth has been built on a staggering mountain of debt. While stories of newly built but empty cities, white elephant state projects, and a byzantine shadow banking system, have all become a regular fixture in the press in recent years, McMahon goes beyond the headlines to explain how such waste has been allowed to flourish, and why one of the most powerful governments in the world has been at a loss to stop it. Through the stories of ordinary Chinese citizens, McMahon tries to make sense of the unique—and often bizarre—mechanics of the Chinese economy, whether it be the state’s addiction to appropriating land from poor farmers; or why a Chinese entrepreneur decided it was cheaper to move his yarn factory to South Carolina; or why ambitious Chinese mayors build ghost cities; or why the Chinese bureaucracy was able to stare down Beijing’s attempts to break up the state’s pointless monopoly over the distribution of table salt. Debt, entrenched vested interests, a frenzy of speculation, and an aging population are all pushing China toward an economic reckoning. China’s Great Wall of Debt unravels an incredibly complex and opaque economy, one whose fortunes—for better or worse—will shape the globe like never before.
Reshaping Economic Geography in East Asia
Author: Yukon Huang, Alessandro Magnoli Bocchi
Publisher: World Bank Publications
ISBN: 082137642X
Pages: 408
Year: 2008-10-15
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This companion volume to the 'World Development Report 2009' comprises twenty papers authored by noted Asian scholars. These studies highlight how, throughout East Asia, spatial considerations have influenced Government policies at the national, regional, and local levels. Key themes include how countries have dealt with: (1) agglomeration economies, urbanization, and regional disparities; (2) improving connectivity with infrastructure investments; and (3) eliminating barriers across and within countries to favor the movement of labor, goods and services. Achievements vary widely across countries: while some succeeded in enhancing competitiveness and improving social outcomes, others are experiencing increasing inequalities and failures to spur growth in disadvantaged areas. The book highlights many examples of how the new economic geography is reshaping development objectives: from initiatives to foster growth via enhanced agglomeration and improved local connectivity to the world economy, to special decentralization programs that channel resources to lagging regions. This volume will be of great interest to readers working in the areas of economic policy, poverty reduction and urban-rural development strategies, and transport-led infrastructure policy.
China's Superbank
Author: Henry Sanderson, Michael Forsythe
Publisher: John Wiley & Sons
ISBN: 1118176383
Pages: 250
Year: 2012-10-10
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Inside the engine-room of China's economic growth—the China Development Bank Anyone wanting a primer on the secret of China's economic success need look no further than China Development Bank (CDB)—which has displaced the World Bank as the world's biggest development bank, lending billions to countries around the globe to further Chinese policy goals. In China’s Superbank, Bloomberg authors Michael Forsythe and Henry Sanderson outline how the bank is at the center of China's domestic economic growth and how it is helping to expand China's influence in strategically important overseas markets. 100 percent owned by the Chinese government, the CDB holds the key to understanding the inner workings of China's state-led economic development model, and its most glaring flaws. The bank is at the center of the country's efforts to build a world-class network of highways, railroads, and power grids, pioneering a lending scheme to local governments that threatens to spawn trillions of yuan in bad loans. It is doling out credit lines by the billions to Chinese solar and wind power makers, threatening to bury global competitors with a flood of cheap products. Another $45 billion in credit has been given to the country's two biggest telecom equipment makers who are using the money to win contracts around the globe, helping fulfill the goal of China's leaders for its leading companies to "go global." Bringing the story of China Development Bank to life by crisscrossing China to investigate the quality of its loans, China’s Superbank travels the globe, from Africa, where its China-Africa fund is displacing Western lenders in a battle for influence, to the oil fields of Venezuela. Offers a fascinating insight into the China Development Bank (CDB), the driver of China's rapid economic development Travels the globe to show how the CDB is helping Chinese businesses "go global" Written by two respected reporters at Bloomberg News As China's influence continues to grow around the world, many people are asking how far it will extend. China’s Superbank addresses these vital questions, looking at the institution at the heart of this growth.
China's Banking Transformation
Author: James Stent
Publisher: Oxford University Press
ISBN: 0190497033
Pages: 304
Year: 2016-12-01
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In this timely and provocative book, James Stent, a banker with decades of experience in Asian banking and fluency in Chinese language, explains how Chinese banks work, analyzes their strengths and weaknesses, and sets forth the challenges they face in a slowing economy. Without minimizing the real issues Chinese banks face, China's Banking Transformation challenges negative media accounts and reports of "China bears". Based on his 13 years of service on the boards of China Minsheng Bank, a privately owned listed bank, and China Everbright Bank, a state-controlled listed bank, the author brings the informed view of an insider to the reality of Chinese banking. China's Banking Transformation demonstrates that Chinese banks have transformed into modern, well-run commercial banks, playing a vital role supporting China's extraordinary economic growth. Acknowledging that China's banks are different from Western banks, the author explains that they are hybrid banks, borrowing extensively from Western models, but at the same time operating within a traditional Chinese cultural framework and in line with China's governance model. From his personal experience working at board level, Stent describes the governance and management of China's banks, including the role of the Communist Party. He sees China's banks as embedded in ancient concepts of how government and society work in China, and also as actors within a market socialist political economy. The Chinese banking system today bears similarities with banking in Northeast Asian "developmental states" of recent past, and also pre-1949 Chinese banking. As the first account of Chinese banking by a Westerner who has worked in China's banks, China's Banking Transformation should be read by anyone interested in the political economy of contemporary China, in Asian development issues, and in banking issues generally. The book dispels misconceptions and provides insight into the financial aspects of China's economic growth story.
China's Economy
Author: Arthur R. Kroeber
Publisher: Oxford University Press
ISBN: 0190239034
Pages: 328
Year: 2016-03-30
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China is on track to exceed the United States as the world's largest economy in the next several years. It is already the leading global trading nation. Even though its growth rate has recently slowed from years past, China has had the fastest yearly growth rate of any country for much of thelast three decades. In China's Economy: What Everyone Needs to Know, Arthur Kroeber offers an overview of the highlights of China's development since economic reforms were initiated under Deng Xiaoping in 1979. He argues that manufacturing, agricultural change, and construction reoriented the economy in the 1980s and1990s through state-owned enterprises, private entrepreneurship, and foreign investment. Those shifts unleashed perhaps the largest migration ever in world history from rural areas to urban centers, accompanied by a no less unprecedented expansion of infrastructure. Changes in the country's fiscaland financial systems vastly increased China's monetary holdings from the 1990s onwards, leading to the country's strategic holding of more U.S. debt than any other nation. Kroeber also examines economic growth as it has been experienced by Chinese workers and consumers, including the mountingproblems of income and wealth inequality, corruption, and environmental degradation. Kroeber ultimately turns to the consequences of Chinese economic growth: its decisive impact on the world economy, its visible and challenging resource extraction from Africa and Latin America, and its increasingengagement with global economic institutions.
The Third Revolution
Author: Elizabeth C. Economy
Publisher: Oxford University Press
ISBN: 019086608X
Pages: 304
Year: 2018-04-04
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In The Third Revolution, eminent China scholar Elizabeth C. Economy provides an incisive look at the transformative changes underway in China today. Chinese leader Xi Jinping has unleashed a powerful set of political and economic reforms: the centralization of power under Xi, himself, the expansion of the Communist Party's role in Chinese political, social, and economic life, and the construction of a virtual wall of regulations to control more closely the exchange of ideas and capital between China and the outside world. Beyond its borders, Beijing has recast itself as a great power, seeking to reclaim its past glory and to create a system of international norms that better serves its more ambitious geostrategic objectives. In so doing, the Chinese leadership is reversing the trends toward greater political and economic opening, as well as the low-profile foreign policy, that had been put in motion by Deng Xiaoping's "Second Revolution" thirty years earlier. Through a wide-ranging exploration of Xi Jinping's top political, economic and foreign policy priorities-fighting corruption, managing the Internet, reforming the state-owned enterprise sector, improving the country's innovation capacity, enhancing air quality, and elevating China's presence on the global stage-Economy identifies the tensions, shortcomings, and successes of Xi's reform efforts over the course of his first five years in office. She also assesses their implications for the rest of the world, and provides recommendations for how the United States and others should navigate their relationship with this vast nation in the coming years.
The China Wave
Author: Wei-Wei Zhang
Publisher: World Scientific
ISBN: 1938134001
Pages: 190
Year: 2012
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This Chinese best-seller is a geopolitical book for our times. It provides an original, comprehensive & engrossing study on the rise of China & its effective yet controversial model of development, & has become a centrepiece of an unfolding debate within China on the nature & future of the world's most populous nation & its possible global impact.
China's Path to Innovation
Author: Xiaolan Fu
Publisher: Cambridge University Press
ISBN: 1107046998
Pages: 454
Year: 2015-02-05
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A rigorous examination of the motivations, sources, obstacles to and consequences of China's drive to become a leading innovative nation.
East Asian Visions
Author: Indermit Singh Gill, Yukon Huang, Homi J. Kharas
Publisher: World Bank Publications
ISBN: 0821367463
Pages: 358
Year: 2007-01
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Despite the diversity in income levels, languages, culture, resource endowments, and political systems, the countries of East Asia are more integrated now than they have ever been. Goods, money, and ideas are being traded across the region. East Asia is redefining itself from a collection of disparate nations that looked mainly to markets in the west, to a more self-reliant, innovative, and networked region. Countries in this region are strengthening ties with each other and seeking more strategic partnerships with the rest of the world. 'East Asian Visions' is a collection of essays that convey, firsthand, how some of the most influential thinkers in East Asia view these challenges. The writers are eminent policy makers, statesmen, and scholars. They write about how competition with the west has bred success; how crises in the region have provoked introspection; and how the rise of China is catalyzing change.
China's Asian Dream
Author: Tom Miller
Publisher: Zed Books Ltd.
ISBN: 1783609265
Pages: 256
Year: 2017-02-01
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"China", Napoleon once remarked, "is a sleeping lion. Let her sleep, for when she wakes she will shake the world." In 2014, President Xi Jinping triumphantly declared the lion had awakened. Under his leadership, China is pursuing a dream to restore its historical position as the dominant power in Asia. From the Mekong River Basin to the Central Asian steppe, China is flexing its economic muscles for strategic ends. By setting up new regional financial institutions, Beijing is challenging the post-World War II order established under the watchful eye of Washington. And by funding and building roads, railways, ports and power lines—a New Silk Road across Eurasia and through the South China Sea and Indian Ocean—China aims to draw its neighbours ever tighter into its embrace. Combining a geopolitical overview with on-the-ground reportage from a dozen countries, China’s Asian Dream offers a fresh perspective on the rise of China’ and asks: what does it means for the future of Asia?
The China Challenge: Shaping the Choices of a Rising Power
Author: Thomas J. Christensen
Publisher: W. W. Norton & Company
ISBN: 0393246612
Pages: 352
Year: 2015-06-08
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“A standout . . . a balanced, informative, and highly intelligent guide to dealing with China.”—Fareed Zakaria Many see China as a rival superpower to the United States and imagine the country’s rise to be a threat to U.S. leadership in Asia and beyond. Thomas J. Christensen argues against this zero-sum vision. Instead, he describes a new paradigm in which the real challenge lies in dissuading China from regional aggression while encouraging the country to contribute to the global order. Drawing on decades of scholarship and experience as a senior diplomat, Christensen offers a compelling new assessment of U.S.-China relations that is essential reading for anyone interested in the future of the globalized world. The China Challenge shows why China is nowhere near powerful enough to be considered a global “peer competitor” of the United States, but it is already strong enough to destabilize East Asia and to influence economic and political affairs worldwide. Despite China’s impressive achievements, the Chinese Communist Party faces enormous challenges. Christensen shows how nationalism and the threat of domestic instability influence the party’s decisions on issues like maritime sovereignty disputes, global financial management, control of the Internet, climate change, and policies toward Taiwan and Hong Kong. China benefits enormously from the current global order and has no intention of overthrowing it; but that is not enough. China’s active cooperation is essential to global governance. Never before has a developing country like China been asked to contribute so much to ensure international stability. If China obstructs international efforts to confront nuclear proliferation, civil conflicts, financial instability, and climate change, those efforts will falter, but even if China merely declines to support such efforts, the problems will grow vastly more complicated. Analyzing U.S.-China policy since the end of the Cold War, Christensen articulates a balanced strategic approach that explains why we should aim not to block China’s rise but rather to help shape its choices so as to deter regional aggression and encourage China’s active participation in international initiatives that benefit both nations.
Microservices
Author: Eberhard Wolff
Publisher: Addison-Wesley Professional
ISBN: 0134650409
Pages: 368
Year: 2016-10-03
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The Most Complete, Practical, and Actionable Guide to Microservices Going beyond mere theory and marketing hype, Eberhard Wolff presents all the knowledge you need to capture the full benefits of this emerging paradigm. He illuminates microservice concepts, architectures, and scenarios from a technology-neutral standpoint, and demonstrates how to implement them with today’s leading technologies such as Docker, Java, Spring Boot, the Netflix stack, and Spring Cloud. The author fully explains the benefits and tradeoffs associated with microservices, and guides you through the entire project lifecycle: development, testing, deployment, operations, and more. You’ll find best practices for architecting microservice-based systems, individual microservices, and nanoservices, each illuminated with pragmatic examples. The author supplements opinions based on his experience with concise essays from other experts, enriching your understanding and illuminating areas where experts disagree. Readers are challenged to experiment on their own the concepts explained in the book to gain hands-on experience. Discover what microservices are, and how they differ from other forms of modularization Modernize legacy applications and efficiently build new systems Drive more value from continuous delivery with microservices Learn how microservices differ from SOA Optimize the microservices project lifecycle Plan, visualize, manage, and evolve architecture Integrate and communicate among microservices Apply advanced architectural techniques, including CQRS and Event Sourcing Maximize resilience and stability Operate and monitor microservices in production Build a full implementation with Docker, Java, Spring Boot, the Netflix stack, and Spring Cloud Explore nanoservices with Amazon Lambda, OSGi, Java EE, Vert.x, Erlang, and Seneca Understand microservices’ impact on teams, technical leaders, product owners, and stakeholders Managers will discover better ways to support microservices, and learn how adopting the method affects the entire organization. Developers will master the technical skills and concepts they need to be effective. Architects will gain a deep understanding of key issues in creating or migrating toward microservices, and exactly what it will take to transform their plans into reality.