China 2049

How will China reform its economy as it aspires to become the next economic superpower? It’s clear that China is the world’s next economic superpower. But what isn’t so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China’s leading university and America’s best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country’s development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China’s role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China’s development, but also on stability and prosperity for the whole world.

This book is a faithful record of China’s economy that spans almost 70 years. Starting from 1949, it portrays in a panoramic picture how the economy has developed over these decades. From the initial restoration and retrenchment, to the great leap outward that resulted in the two phases of economic reform; from its accession to the WTO to the unprecedented process of urbanization, the book uses four chapters to depict in a chronological order how China becomes what it is today. For scholars on modern Chinese economy, this book offers a detailed account of a wide range of events that happened during clearly-divided time periods. On this basis, they can deepen their research on different individual subjects. Teachers of universities and colleges may use this book as a reference when preparing relevant courses. For economics majors, this book is a key that helps them clarify important issues. Learners who are interested in knowing more about China, especially the dramatic changes that have taken place in its economic scene, can equally acquire the needed facts and figures.

The book discusses the development model of China which has now overtaken Japan as the world's second largest economy. This remarkable economic achievement has not followed the Western world's favorite developmental tools — of freedom, democracy and a market driven economy, but rather China's unique model — of one-party authoritarian rule with a mixed economy. The Middle Kingdom's way of development has largely questioned the West's core values — freedom and democracy. The book argues that the model is based on the country's 3,000-year-old civilization, forged by the efforts, innovations, trial and error process of several recent generations, and guided by the Chinese Communist Party in the past 60 years. Sample Chapter(s) Chapter 1: Understanding the China Model (119 KB) Contents: Understanding the China ModelPerspectives on the China ModelA Comprehensive Discussion on the China Model (1)A Comprehensive Discussion on the China Model (2)The Social Structure of the China ModelThe Economic Structure of the China ModelPolitical Structure of the China ModelThe Future of the China Model and Its Impact Readership: Undergraduates, graduates, researchers and general public who are interested in China's development model such as China's social structure, economic structure and political structure etc. Keywords:China Model;China's Development Path;China's Future;China's Rise;China–US Relations;China And The West;China's Challenges;International RelationsKey Features:The book looks at some key issues of China's development model whose outcome will come to determine the world's future in the next millenniumThe author has a unique and long-term perspective of China's developmentSince participating in pro-Communist activities in Hong Kong in high school years in the 1950s, the author has witnessed various stages of China's development, often with personal involvement in business, social and in political affairs in the Mainland, Hong Kong and Taiwan. Thus he has gained intimate knowledge about various aspects of China in the form of numerous anecdotes and insights presented in this book

The book discusses the development model of China which has now overtaken Japan as the world''s second largest economy. This remarkable economic achievement has not followed the Western world''s favorite developmental tools OCo of freedom, democracy and a market driven economy, but rather China''s unique model OCo of one-party authoritarian rule with a mixed economy. The Middle Kingdom''s way of development has largely questioned the West''s core values OCo freedom and democracy. The book argues that the model is based on the country''s 3,000-year-old civilization, forged by the efforts, innovations, trial and error process of several recent generations, and guided by the Chinese Communist Party in the past 60 years.

Someday we may say that we never saw it coming. After seventy-five years of peace in the Pacific, a new challenger to American power has emerged, on a scale not seen in generations. Working from a deep sense of national destiny, the Chinese Communist Party is guiding a country of 1.4 billion people towards what it calls "the great rejuvenation of the Chinese nation," and, with it, the end of an American-led world. Will this generation witness the final act for America as a superpower? Can American ingenuity, confidence, and will power outcompete the long-term strategic thinking and planning of China's Communist Party? These are the challenges that will shape the next decade and more. China's Vision of Victory brings the reader to a new understanding of China's planning, strategy, and ambitions. From seabed to space, from Africa to the Arctic, from subsurface warfare to the rise of China's global corporations, this book will illuminate for the reader the new great game of our lifetimes, and how our adversary sees it all.

This book analyses China’s maritime strategy for the 21st century, integrating strategic planning, policy thinking and strategic prediction. This book explains the construction and application of China's military, political, economic and diplomatic means for building maritime power, and predicts the future of China's maritime power by 2049, as well as development trends in global maritime politics. It explores both the strengths and the limitations of President Xi’s ‘Maritime Dream’ and provides a candid assessment of the likely future balance at sea between China and the United States. This volume explains and discusses China’s claims and intentions in the East and South China Seas and makes some recommendations for China's future policy that will lessen the chance of conflict with the United States and its closer neighbors. This book will be of much interest to students of maritime strategy, naval studies, Chinese politics and International Relations in general.

To explore what extended competition between the United States and China might entail out to 2050, the authors of this report identified and characterized China’s grand strategy, analyzed its component national strategies (diplomacy, economics, science and technology, and military affairs), and assessed how successful China might be at implementing these over the next three decades.

A timely, provocative exposé of American political and business leadership’s deep ties to China: a network of people who believe they are doing the right thing—at a profound and often hidden cost to U.S. interests. The past few years have seen relations between China and the United States shift, from enthusiastic economic partners, to wary frenemies, to open rivals. Americans have been slow to wake up to the challenges posed by the Chinese Communist Party. Why did this happen? And what can we do about it? In America Second, Isaac Stone Fish traces the evolution of the Party’s influence in America. He shows how America’s leaders initially welcomed China’s entry into the U.S. economy, believing that trade and engagement would lead to a more democratic China. And he explains how—although this belief has proved misguided--many of our businesspeople and politicians have become too dependent on China to challenge it. America Second exposes a deep network of Beijing’s influence in America, built quietly over the years through prominent figures like former secretaries of state Henry Kissinger and Madeleine Albright, Disney chairman Bob Iger, and members of the Bush family. And it shows how to fight that influence–without being paranoid, xenophobic, or racist. This is an authoritative and important story of corruption and good intentions gone wrong, with serious implications not only for the future of the United States, but for the world at large.