Ebook: Red Flags: Why Xi's China Is in Jeopardy

"A trusted economic commentator provides a penetrating account of the threats to China's continued economic rise Under President Xi Jinping, China has become a large and confident power both at home and abroad, but the country also faces serious challenges. In this critical take on China's future, economist George Magnus explores four key traps that China must confront and overcome in order to thrive: debt, middle income, the Renminbi, and an aging population. Looking at the political direction President Xi Jinping is taking, Magnus argues that Xi's authoritarian and repressive philosophy is ultimately not compatible with the country's economic aspirations. Thorough and well researched, the book also investigates the potential for conflicts over trade, China's evolving relationship with Trump, and the country's attempt to win influence and control in Eurasia through the Belt and Road initiative."--;Cover page; Halftitle page; Title page; Copyright page; Dedication page; CONTENTS; ACKNOWLEDGEMENTS; INTRODUCTION; China matters; Where bulls and bears clash; How the book is organised; 1. ECHOES; Connections; The 'century of humiliation'; Legacies and myths; 2. FROM MAO TO MODERNITY; Mao's economy; Failure with few silver linings; 'Reform and Opening Up'; First phase of reform 1978-88; Second phase of reform 1992-2003; New ownership; Fiscal, foreign trade and financial reforms; Financial reform; Modernity; 3. THE END OF EXTRAPOLATIONRE BALANCING AND REFORM; External rebalancing done and dusted