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The China Boom: Why China Will Not Rule the World

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by Ho-fung Hung
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The China Boom: Why China Will Not Rule the World by Ho-fung Hung

Many thought China??s rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself entrenched in a status quo characterized by free trade and American domination. Through a cutting-edge historical, sociological, and political analysis, Ho-fung Hung exposes the competing interests and economic realities that temper the dream of Chinese supremacy—forces that are stymieing growth throughout the global South. Hung focuses on four common misconceptions about China??s boom: that China could undermine orthodoxy by offering an alternative model of growth; that China is radically altering power relations between the East and the West; that China is capable of diminishing the global power of the United States; and that the Chinese economy would restore the world??s wealth after the 2008 financial crisis. His work reveals how much China depends on the existing order and how the interests of the Chinese elites maintain these ties. Through its perpetuation of the dollar standard and its addiction to U.S. Treasury bonds, China remains bound to the terms of its own prosperity, and its economic practices of exploiting debt bubbles are destined to fail. Dispelling many of the world??s fantasies and fears, Hung warns of a postmiracle China that will grow increasingly assertive in attitude while remaining constrained in capability.

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Ebook Details
Pages: 256
Size: 17.4 MB
Publisher: Columbia University Press
Date published:   2015
ISBN: 9780231540223 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics > Government & Business
Nonfiction > History > Asia > China
Nonfiction > Political Science > Government > International > Asian

This author has products in the following categories:

Nonfiction > History > Asia > China
Nonfiction > Business & Economics > Government & Business
Nonfiction > Political Science > Government > International > Asian

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