Re-balancing China

Essays on the Global Financial Crisis, Industrial Policy and International Relations

By (author) Peter Nolan

Publication date:

01 February 2014

Publisher

Anthem Press

Dimensions:

229x153mm
6x9"

ISBN-13: 9781783081264

‘Re-balancing China’ addresses three key sets of issues in China’s political economy. Part One provides an analysis of the profound effect of the global financial crisis upon China’s economy, as well as the positive impact of the massive rescue package that was implemented in response to the crisis. Part Two focuses on the challenge of globalization for China’s industrial policy. After more than two decades of industrial policy, China still has a negligible number of large firms that are competitive in global markets. China’s experience presents a fundamental challenge to traditional concepts of industrial policy and development. Part Three examines China’s international relations – in particular, its relationship with the US and the interactions between the two countries in the East and South China Seas.

Introduction; Chapter 1: Rebalancing in the Face of the Global Financial Crisis (I): November 2008; Chapter 2: Rebalancing in the Face of the Global Financial Crisis (II): November 2011; Chapter 3: China’s Industrial Policy at the Crossroads; Chapter 4: Globalization and Competition in Financial Services; Chapter 5: China, Western Colonialism and the UN Convention on the Law of the Sea (UNCLOS); Chapter 6: A New Peloponnesian War? China, the West and the South China Sea

‘Very few Western academics know China through its economy, history and culture as well as Peter Nolan. This is a remarkable book, breathtaking and original in its analysis of the transformations in China’s economy as it seeks to re-balance internally and with the rest of the world. No one has done this better in context and explained the tensions and conflicts within China and with its major trading partners and competitors. I could not put this book down.’ —Andrew Sheng, President of the Fung Global Institute, Hong Kong