Summary of Yukon Huang's Cracking The China Conundrum , livre ebook

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English

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Please note: This is a companion version & not the original book.
Sample Book Insights:
#1 China’s rise is challenging the world’s geopolitical balance of power, and many see it as a threat to the established international order and Western democratic traditions. But many economists and financial experts struggle to understand China’s economy because there is no agreed-upon analytical framework.
#2 Because China is a continental economy, regional and spatial factors affect economic outcomes in ways that traditional macroeconomic indicators do not easily capture. Thus, observers often simplify when a more holistic approach is more appropriate.
#3 China’s economic rise has been a mystery to many. While some see its authoritarian system as its biggest weakness, others see it as a major contributor to its impressive achievements.
#4 China’s economic performance after Deng Xiaoping opened up the economy in 1980 was extraordinary, and the country grew rapidly for three decades. But the recent economic slowdown has generated widespread concerns about the country’s prospects.

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Publié par	Everest Media LLC
Date de parution	13 mars 2022
Nombre de lectures	0
EAN13	9781669353539
Langue	English
Poids de l'ouvrage	1 Mo

Informations légales : prix de location à la page 0,0150€. Cette information est donnée uniquement à titre indicatif conformément à la législation en vigueur.

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Insights on Yukon Huang's Cracking the China Conundrum
Contents Insights from Chapter 1 Insights from Chapter 2 Insights from Chapter 3 Insights from Chapter 4 Insights from Chapter 5 Insights from Chapter 6 Insights from Chapter 7 Insights from Chapter 8 Insights from Chapter 9 Insights from Chapter 10 Insights from Chapter 11
Insights from Chapter 1

#1

China’s rise is challenging the world’s geopolitical balance of power, and many see it as a threat to the established international order and Western democratic traditions. But many economists and financial experts struggle to understand China’s economy because there is no agreed-upon analytical framework.

#2

Because China is a continental economy, regional and spatial factors affect economic outcomes in ways that traditional macroeconomic indicators do not easily capture. Thus, observers often simplify when a more holistic approach is more appropriate.

#3

China’s economic rise has been a mystery to many. While some see its authoritarian system as its biggest weakness, others see it as a major contributor to its impressive achievements.

#4

China’s economic performance after Deng Xiaoping opened up the economy in 1980 was extraordinary, and the country grew rapidly for three decades. But the recent economic slowdown has generated widespread concerns about the country’s prospects.

#5

China’s economic rise was largely seen as a positive outcome that buoyed up exports from commodity-producing nations in South America and Africa as well as Asian economies that specialized in high-tech components to be assembled in China for European and American markets. But China’s position changed dramatically after the 2008 financial crisis.

#6

China's GDP growth rate of 6. 7 percent in 2016 hit a twenty-five-year low, yet it was still higher than any other major economy aside from India. And over the past decade and a half, China's growth record has been more stable and robust than other major emerging market economies.

#7

The United States has negative feelings about China, as do many European countries. This is because they believe that China is already the leading economic power, while the rest of the world believes that the United States is still on top.

#8

The debate over whether a market- or state-led system is more growth enhancing became more serious after the AFC in the late 1990s, when China’s growth skyrocketed. Many believed that China would suffer in the aftermath of the AFC, even if it was not among the most severely affected.

#9

China is different from other countries because its economy is not structured the same as others. Most of China’s debt is public rather than private, and sourced domestically rather than externally. China also did not have a significant private property market a decade ago, so that most of the recent surge in property prices is the result of market forces trying to establish appropriate values for land.

#10

China has been able to generate hundreds of millions of new jobs in just a generation, and real wages have increased by multiples more than in other countries. However, social tensions have increased as income inequality has increased more rapidly in China than in any other major economy.

#11

The public believes that American firms are investing heavily in China, leading to loss of American jobs. However, flows of foreign direct investment between the United States and China are abnormally low. The nature of trade relations explains why this is the case.

#12

China’s economic reforms have nudged it to becoming a more market-driven economy, but its weak institutions and historical legacies mean that it has more insecurities than would be expected of a great power.

#13

There is extreme variation in views of China, and this is because observers see China through multiple lenses. The media is under considerable pressure to convey an easily digestible message that is in line with accepted values and norms.

#14

The China debate is often driven by a misreading of the role of the state in Chinese economic decision making. In China, competition is not just the result of pressures generated by markets and firms, but also by local government entities.

#15

China’s economy is covered in detail in this book. It takes a critical look at China’s economy through many perspectives, from global public perceptions of China’s economy to its unbalanced growth process.
Insights from Chapter 2

#1

The focus of this chapter is on how the views of society across borders affect media perceptions and in turn foreign policies. China’s rise has shaken up the foreign policy community, and many see China’s accomplishments as a laudable outcome. But the majority of Americans see China’s awakening as a threat to their country’s global stature.

#2

China’s economy grew rapidly following the Asian Financial Crisis in the late 1990s. But by 2001, China’s double-digit growth rates had fallen for the first time in a decade. The economy was still growing, but many feared that it would not be able to sustain that rate.

#3

During the mid-2000s, China’s rapid growth and adept use of soft power changed popular perceptions within Asia. While many had been concerned that with success China would become more of a threat, sentiments became decidedly more favorable in the early 2000s.

#4

The debate about China’s rise has shifted to China’s desire to move up the value chain. This has drawn attention to China’s alleged IPR violations, cybertheft, and promotion of indigenous technology.

#5

The US-China relationship is unique because their economic relationships have been influenced by game-changing economic trends as much as political factors. China’s elevation as a global economic power has been accompanied by America’s relative economic decline over the past decade and a half.

#6

The West has seen China as a problem that supp

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