The New China Playbook
Beyond Socialism and Capitalism
-
- $95.00
-
- $95.00
Descripción editorial
“Keyu Jin is a brilliant thinker.” —Tony Blair, former prime minster of the United Kingdom
A myth-dispelling, comprehensive guide to the Chinese economy and its path to ascendancy.
China's economy has been booming for decades now. A formidable and emerging power on the world stage, the China that most Americans picture is only a rough sketch, based on American news coverage, policy, and ways of understanding.
Enter Keyu Jin: a world-renowned economist who was born in China, educated in the U.S., and is now a tenured professor at the London School of Economics. A person fluent in both Eastern and Western cultures, and a voice of the new generation of Chinese who represent a radical break from the past, Jin is uniquely poised to explain how China became the most successful economic story of our time, as it has shifted from primarily state-owned enterprise to an economy that is thriving in entrepreneurship, and participation in the global economy.
China’s economic realm is colorful and lively, filled with paradoxes and conundrums, and Jin believes that by understanding the Chinese model, the people, the culture and history in its true perspective, one can reconcile what may appear to be contradictions to the Western eye.
What follows is an illuminating account of a burgeoning world power, its past, and its potential future.
PUBLISHERS WEEKLY
Americans' misunderstanding of China's economic growth keeps the two nations in unnecessary conflict, argues Jin, a professor at the London School of Economics, in her thoughtful debut. "Consumers, entrepreneurs, and the state: in China none of them behaves like a conventional economic agent," she argues, suggesting that China's economy works through a distinctive interplay between a powerful central state and an ascendant private sector. Digging into the history of China's recent economic boom, she tells how in 1978 Deng Xiaoping, China's supreme leader, instituted reforms moving the country away from Soviet-style central planning toward a market economy, inaugurating a system in which the state retained wide-reaching powers that allowed it to bolster the fledgling economy. Jin emphasizes the success of China's hybrid model, noting that reforms lifted hundreds of millions of citizens out of poverty, but she sometimes comes across as overly sanguine, as when she discusses polls that suggest Chinese citizens overwhelmingly have positive views of their government without noting whether this holds for, say, Uyghur people oppressed by the state. Still, she makes clear that the Chinese economy is far more complex than U.S. discourse lets on, and she offers an astute take on how the Chinese state cooperates with and intervenes in the private market. This elevates the conversation on U.S.-China relations.
