Ho-fung Hung's The China Boom: Why China Will Not Rule the World PDF

By Ho-fung Hung

Many notion China’s upward push may essentially remake the worldwide order. but, very similar to different constructing countries, the chinese language country now unearths itself entrenched in a standing quo characterised by means of loose exchange and American domination. via a state of the art old, sociological, and political research, Ho-fung Hung exposes the competing pursuits and financial realities that mood the dream of chinese language supremacy—forces which are stymieing progress through the international South. Hung specializes in 4 universal misconceptions approximately China’s increase: that China may well undermine orthodoxy by way of delivering another version of progress; that China is notably changing energy relatives among the East and the West; that China is in a position to diminishing the worldwide strength of the us; and that the chinese language economic system could fix the world’s wealth after the 2008 monetary situation. His paintings unearths how a lot China relies on the prevailing order and the way the pursuits of the chinese language elites hold those ties. via its perpetuation of the buck normal and its dependancy to U.S. Treasury bonds, China continues to be certain to the phrases of its personal prosperity, and its financial practices of exploiting debt bubbles are destined to fail. Dispelling a number of the world’s fantasies and fears, Hung warns of a postmiracle China that might develop more and more assertive in perspective whereas closing limited in capability.

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The China Boom: Why China Will Not Rule the World (Contemporary Asia in the World) by Ho-fung Hung

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