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China's Crisis of Success


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Table of Contents

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?

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Explores how China has reached a threshold where continued success requires re-invention of its economy and politics.

About the Author

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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