The Rise of China's Economy

<p>This book gives an in-depth and up-to-date insight into China’s economy from a domestic as well an international perspective. The book covers the reform trajectory and performance of China’s economy since Deng Xiaoping kicked-off the reform and opening-up policy in 1978 until the current challenges and economic policies under Xi Jinping including the integration in the world economy.</p> <p>The analysis is based on empirical evidence and respective data. This enables the reader to take an unprejudiced look on China’s political economy. The book applies fundamental economic concepts in a non-technical way to the case of China and processes the main relevant scientific and applied research to the topic. Readers gain an in-depth understanding of the second largest global economy that will shape the twenty-first century—its past, present, and future.</p> <p>The book is structured into three concise chapters: the reform trajectory of China’s economy since 1978, the domestic and international fundamentals of China’s economy today, and the long-term challenges and respective economic policies for the future. One of the key insights of the book is that China's economy and its economic model are at a critical tipping point, after a long period of successful development from a low to a middle-income country. This includes the need for a new growth model and a renewed integration into the world economy. Both challenges pose systemic risks that could seriously impede the future development of China and its economy if not carefully managed.</p> <p>&nbsp;</p>