Overview

The recent downturn in the Chinese economy has become a focal point of global attention, with some analysts warning that China is edging dangerously close to economic meltdown. Is it possible that the second largest economy in the world could collapse and drag the rest of the world with it? In this penetrating essay, Ann Lee explains both why China's economy will not sink us all and the policy options on which it is drawing on to mitigate against such a catastrophic scenario. Dissecting with realistic clarity the challenges facing the Chinese economy, she makes a compelling case for its continued robustness in multiple sectors in the years ahead.

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9781509520138

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Reviews

Bold and flexible leadership is likely to sustain bright economic prospects for China despite its slowing growth rate and aging population. That is the bottom line of this illuminating analysis of how challenges in the world s second largest economy are being met. James Hoge, Editor of Foreign Affairs, 1991-2010 In this well-informed book Ann Lee asks Will China s economy collapse? To answer this profound question, she looks deep below the surface to examine the stability of China s governance structure, economic growth model, financial system and geopolitical situation. Anyone interested in China's future and its global implications would do well to read this book. Alan Krueger, Princeton University

Bold and flexible leadership is likely to sustain bright economic prospects for China despite its slowing growth rate and aging population. That is the bottom line of this illuminating analysis of how challenges in the world s second largest economy are being met. Despite critics' alarms to the contrary, President Xi Jinping is keeping China headed towards an innovative, market-based system. The West may find some useful lessons in the deft use of monetary policy, anti-corruption efforts and tax incentives. - James Hoge, Editor Foreign Affairs magazine, 1991-2010

Author Information

Ann Lee is a former Visiting Professor at Peking University and hedge fund partner of two multi-billion dollar hedge funds. She is a recognized authority on China's political economy and author of the award-winning international bestseller What the U.S. Can Learn from China.

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