China's Economy

China's Economy

What Everyone Needs to Know

Book - 2016
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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.
Publisher: New York, NY : Oxford University Press, [2016]
ISBN: 9780190239022
0190239026
9780190239039
0190239034
Characteristics: xii, 319 pages ; 21 cm
Call Number: 330.951 KRO

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the3ajm Dec 04, 2016

Complex numbering. Economic Talk. Why is it that I don't seem to understand under the hordes of paragraphs that seemingly lost to me at every page? Must I carry an official economic translation book every time I flip these pages? I'm an inexperience reader at this and so will those who are like me.

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fpm
Dec 01, 2016

Whether you are interested in the economy, science, or politics of the world's most populous nation, this book has some interesting statistics for you. It's all packaged in fairly easily digestible form, with very logical groupings. It's amazing to read of the depth and breadth of changes that have occurred in China since Mao (even if we think that freedoms are still very limited). The author provides a sufficiently clear linkage between the statistics and analysis (of what it all means) that it's fairly straightforward to make your own assessment of the facts and whether you think the author's analysis is fair/balanced/accurate.
{So thank you StarGladiator for highlighting this book - despite your ad-hominem belittling it is worthwhile}

s
StarGladiator
May 29, 2016

I have yet to read this book, so I cannot comment on it, but the remark that // leading to the country's strategic holding of more U.S. debt than any other nation \\ was mistaken [just look up the top foreign debt holders]. Would warn any reader to bear in mind that the author belongs to an international so-called think tank, the Brookings-Tsinghua Center.

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