Thinking the Inevitable
China's Economic Superpower Aspiration in the New ParadigmeBook - 2013
Lo, an economic strategist at an asset management company in Hong Kong, examines the impact and implications of the subprime crisis in the US on China's macroeconomy and policy and whether China would become the next superpower if the US lost its economic power. He considers how well-prepared China is for the challenge, obstacles to it, and when the country will become a superpower. He argues that the subprime crisis has weakened the Western economic and financial systems and offered lessons for China and details how these forces work in China's favor; the measures it has made in industry, export, investment, consumption, and finance; the macro and structural background to these actions and the cost and practicality of the internationalization of the Renminbi; the clash between macro progress and micro setback in China's restructuring effort; and conflicts between reforms and resistance. He concludes that China is not likely to become a superpower in the near future, due to economic and political constraints, and identifies the tasks and risks it faces for becoming a superpower in the coming decades. Annotation ©2015 Ringgold, Inc., Portland, OR (protoview.com)
Independent Publishing Group
Focusing on China’s macroeconomy and policy, this book discusses a popular topic around the world: whether China could become a global economic superpower in the new paradigm following the U.S. subprime crisis. Thorough and relevant, this record analyzes the impact and implications of the subprime crisis on China’s policies as well as the risks and obstacles China is facing during economic reform and expansion. A review of the internationalization of the Renminbi and an assessment of China’s aspirations and future are also included.