The China boom: why China will not rule the world

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Many thought China's rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself in a status quo characterized by free trade and American domination. Through a cutting-edge historical, sociological, and political analysis, Ho-fung Hung details the competing interests and economic realities that temper the dream of Chinese supremacy--forces that are stymieing growth throughout the global South. Hung focuses on four common misconceptions: that China could undermine orthodoxy by offering an alternative model of growth; that China is radically altering power relations between the East and the West; that China is capable of diminishing the global power of the United States; and that the Chinese economy would restore the world's wealth after the 2008 financial crisis. His work reveals how much China depends on the existing order and how the interests of the Chinese elites maintain these ties. Through its perpetuation of the dollar standard and its addiction to U.S. Treasury bonds, China remains bound to the terms of its own prosperity, and its economic practices of exploiting debt bubbles are destined to fail. Hung ultimately warns of a postmiracle China that will grow increasingly assertive in attitude while remaining constrained in capability.
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9780231164184
9780231540223
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Grouping Information

Grouped Work ID ab0c5568-2e62-fae6-cd14-186a94523262
Grouping Title china boom why china will not rule the world
Grouping Author hung ho fung
Grouping Category book
Last Grouping Update 2018-12-14 01:04:55AM
Last Indexed 2018-12-14 02:03:18AM

Solr Details

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author Hung, Ho-fung,
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author_display Hung, Ho-fung
available_at_pitkin Online OverDrive Collection, Pitkin Library
detailed_location_pitkin Online OverDrive Collection, Pitkin County Library
display_description Many thought China's rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself entrenched in a status quo characterized by free trade and American domination. Through a cutting-edge historical, sociological, and political analysis, Ho-fung Hung exposes the competing interests and economic realities that temper the dream of Chinese supremacy--forces that are stymieing growth throughout the global South. Hung focuses on four common misconceptions about China's boom: that China could undermine orthodoxy by offering an alternative model of growth; that China is radically altering power relations between the East and the West; that China is capable of diminishing the global power of the United States; and that the Chinese economy would restore the world's wealth after the 2008 financial crisis. His work reveals how much China depends on the existing order and how the interests of the Chinese elites maintain these ties. Through its perpetuation of the dollar standard and its addiction to U.S. Treasury bonds, China remains bound to the terms of its own prosperity, and its economic practices of exploiting debt bubbles are destined to fail. Dispelling many of the world's fantasies and fears, Hung warns of a postmiracle China that will grow increasingly assertive in attitude while remaining constrained in capability.
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primary_isbn 9780231164184
publishDate 2015, 2016
record_details Ebrary (CCU):EBC4580233|eBook|eBook||English|Columbia University Press,|2016.|1 online resource (259 pages) : illustrations, tables., ProQuest Ebook Central (Western):EBC4580233|eBook|eBook||English|Columbia University Press,|2016.|1 online resource (259 pages) : illustrations, tables., hoopla:MWT11861770|eBook|eBook||English|Columbia University Press,|2015.|1 online resource, ils:.b49488107|Book|Books||English|Columbia University Press,|[2016]|xxiv, 232 pages ; 24 cm., overdrive:5a8da173-5d2d-4536-b41a-1438c86533c5|eBook|eBook||English|Columbia University Press|2015|
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series Contemporary Asia in the World
series_with_volume Contemporary Asia in the World|
subject_facet , Capitalism, Capitalism -- China -- History, China, China -- Economic conditions -- 1949-, China -- Economic policy -- 1949-, China -- Foreign economic relations, China -- Foreign relations -- 1949-, China -- Social conditions -- 1949-, Diplomatic relations, Economic development, Economic development -- China -- History, Economic history, Economic policy, Electronic books, History, International economic relations, Social conditions
title_display The China boom : why China will not rule the world
title_full The China Boom Why China Will Not Rule the World, The China boom : why China will not rule the world / Ho-Fung Hung, The China boom : why China will not rule the world / Ho-fung Hung, The China boom : why China will not rule the world [electronic resource] / Ho-Fung Hung
title_short The China boom :
title_sub why China will not rule the world
topic_facet Business, Capitalism, Diplomatic relations, Economic conditions, Economic development, Economic history, Economic policy, Electronic books, Foreign economic relations, Foreign relations, History, International economic relations, Nonfiction, Politics, Social conditions