The Evolution of China's Political Economy

China's economic transformation has been successful in lifting millions out of poverty, but the US perception of the Chinese state's role in its economy and military build-up has taken a negative turn. This book provides a clear picture of China's economy and how it compares to other advanced economies, highlighting the similarities and differences between them. It also supplements the definition of globalization and provides insight into China's three elements of political economy: global trade, political power, and its image on the global stage.

Format: Hardback
Length: 276 pages
Publication date: 01 May 2023
Publisher: Taylor & Francis Ltd

For years, China's rapid economic transformation has been celebrated as a successful project that has lifted hundreds of millions of people out of poverty. However, in recent times, the Chinese narrative has taken a more negative turn in the eyes of the West. This shift is largely attributed to the US perception of the Chinese state's role in its economy and military buildup, particularly in the South China Sea.

Understanding China's complex economy can be a daunting task, as information is often unclear and incomplete, and data may not always be reliable. However, this book aims to provide a clear and comprehensive picture of China's economy and its position compared to other advanced economies, particularly the United States. The book delves into the key features and structures of China's economy, examining and highlighting the similarities and differences with other similar economies. In doing so, it emphasizes the differences by evaluating their benefits and drawbacks against the backdrop of China's incomplete transition to a market economy.

Furthermore, the book complements the definition of globalization for academicians, students, professionals, and anyone interested in its positive and negative effects. It is also an excellent resource for individuals seeking to understand China's three key elements of political economy: global trade, political power, and its global image.

China's economic transformation has been a remarkable journey, characterized by rapid growth, technological innovation, and social progress. However, it has not been without its challenges. The country has faced issues such as income inequality, environmental pollution, and tensions with neighboring countries. Despite these challenges, China remains a global economic powerhouse, with a large and diverse population and a strong commitment to economic development.

In conclusion, China's economic transformation has been a significant achievement that has lifted millions of people out of poverty and contributed to global economic growth. However, the country's narrative has taken a more negative turn in recent times due to concerns about its state's role in the economy and military buildup. This book provides a comprehensive and insightful analysis of China's economy, highlighting its key features, structures, and comparisons with other advanced economies. It also complements the definition of globalization and is an excellent resource for anyone interested in understanding China's political economy, global trade, and political power. As China continues to evolve, it will be interesting to see how its economy and its governance structure shape the opportunities and incentives for key stakeholders.

Weight: 538g
Dimension: 162 x 241 x 20 (mm)
ISBN-13: 9781032373690