Foreword; Introduction; 1. China model/Asia model; 2. The economic crisis of success; 3. Critical social issues of the transition: inequality, corruption, environment, globalization; 4. China's governance crisis of success; 5. China's political economy under Xi Jinping; 6. What will happen?
Explores how China has reached a threshold where continued success requires re-invention of its economy and politics.
William H. Overholt is Senior Research Fellow at Harvard University. He is author of a number of books including, most notably, Asia, America and the Transformation of Geopolitics (Cambridge, 2008) and The Rise of China (1993).
'This book is an excellent read. It debunks many common
misunderstandings about China and explains why a political system
of electoral democracy tends to be inimical to economic development
in poor countries with much social inequality.' Pieter Bottelier,
The Johns Hopkins University
'William H. Overholt has been watching Asia for half a century,
mostly making observations that run against the tide. His 1993 The
Rise of China was heavily criticized at the time, but proved
correct. Now, Overholt sees a real need for a change in the model
that has brought China so much success economically; it must become
more consumption oriented, less reliant on investment, it must move
from manufacturing to services, and it must upgrade its
manufacturing. These are all complex challenges that carry
substantial risks. Overholt lays out these challenges with his
usual clear sightedness.' Joseph Fewsmith, Boston University
'William Overholt, who may have been the first to identify the
'rise of China' in his 1993 book of that name, goes straight to the
heart of the puzzles presented by contemporary China. ... This is
an eye-opening book that debunks many established notions held by
disciplinary academics, as well as by policymakers both in China
and the West.' Gilles Andreani, Survival: Global Politics and
Strategy
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