Chinas Economy The Hidden Truths

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China's Economy, The Hidden Truths

Author : Aaron Ken Lee
Publisher : Global Era Public Interest Info Network
ISBN 13 : 1511414588
Total Pages : 385 pages
Book Rating : 4.5/5 (114 download)

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Book Synopsis China's Economy, The Hidden Truths by : Aaron Ken Lee

Download or read book China's Economy, The Hidden Truths written by Aaron Ken Lee and published by Global Era Public Interest Info Network. This book was released on 2015-03-24 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: FREE BOOK: 62 pages of "China's Faustian Bargains" as Part I of this book (Click Preview this book) What happens in China is increasingly having repercussions impacting economies around the world. This book reveals a multitude of information hidden in the layers of China’s economy, drawing a wealth of information from materials published only in the Chinese language, in-print and on Chinese-language websites, and previously not accessible to the English-speaking world. Anyone who holds a mutual fund/pension fund may, nowadays, have a portfolio that is subject to repercussions originating from what is going on in China. The story of how Caterpillar fell victim, in 2013, to Enron-like accounting fraud in China, and incurred a loss of a startling US$ 580 million, is by no means an isolated event, but a thing that ordinary investors in the western world need to know about. Nowadays, an ordinary Joe’s investment might be impacted by things that are taking shape in China. Could some Chinese companies, listed on the New York Stock Exchange, possibly become the next Enron-like development? An American professor of financial accounting points out how a peculiar corporate structure used by certain companies originated from China may be a worrisome untoward design. This book enables readers to gain insights into the above noted, as well as many other, important events. This book illustrates how the 135% corporate debt to GDP ratio (the highest among the world’s major economies), vast overcapacity, gigantic property glut, together with the country’s pro-cyclical fiscal structure, may bring China’s GDP annual growth to below 4%, sooner than you can imagine. China has, in 2014, overtaken the United States, not in its size of GDP, but in its size of total corporate debt, and also in the ratio of total corporate debt to GDP, which is 135% as of July 2014. This ratio way exceeds the threshold of 80% that the OECD considers as the maximum safe level for a nation’s corporate-debt-to-GDP ratio. China’s corporate-debt-to-GDP ratio is now a whopping 81% larger than that of the US (which is 75%). This book illustrates how China’s economy is now prone to destabilization from the above, and other factors, such as China’s ongoing bad debt trap, and China’s uniquely pro-cyclical fiscal structure. And, such ominously destabilizing setting is now made worse by China’s already extremely high debt-to-GDP ratio, of 282%. Said pro-cyclical fiscal structure is a key issue almost entirely overlooked hitherto, in studies on China in the English-speaking world. China has an income tax base that is constituted by only less than 2% of the country’s population. Consequently, such fiscal structure is overly reliant on sales taxes and corporate taxes, and this makes China’s economy so much more prone to destabilization than any other major economies in the world. As, in macroeconomics, income tax being counter-cyclical (and hence is congenial to stabilizing the economy) and sales tax/corporate tax being pro-cyclical, effecting a feedback loop that further destabilizes the economy. Such structurally predicated menace is now more debilitating, given China’s extremely high debt-to-GDP ratio. This book elucidates on how, in the decade prior to 2008, causes of China’s double-digit economic growth can be identified as being the initial stage of development, in the nature of a Faustian Bargain. There has been an array of expediencies practiced by Beijing, in the past, that significantly boosted China’s GDP in the short run, but these were at the expense of the economy's long-run sustainable growth. This author identifies said expediencies as China’s Faustian Bargains at work, in the forms of monetized state landlordism, over-leveraging to pursue profligate investments funded by financial repression of household savers, and the decades of perilous expensing-out of the nation’s environmental endowments. All these said expedient GDP boosters bear Faustian consequences, and this book shows how they are now increasingly surfacing, and making the aforesaid significant lowering of GDP growth highly probable. This book illustrates: how China's sub-standard accounting/auditing practices, and the country’s grossly ineffective legal system, may have repercussions, unbeknownst to you, for your investments. How China’s economy fares will have important repercussions for the world. In this era of globalization, China is becoming “everybody’s

Unmade in China

Author : Jeremy R. Haft
Publisher : John Wiley & Sons
ISBN 13 : 9780745684017
Total Pages : 0 pages
Book Rating : 4.6/5 (84 download)

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Book Synopsis Unmade in China by : Jeremy R. Haft

Download or read book Unmade in China written by Jeremy R. Haft and published by John Wiley & Sons. This book was released on 2015-07-27 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you look carefully at how things are actually made in China - from shirts to toys, apple juice to oil rigs - you see a reality that contradicts every widely-held notion about the world's so-called economic powerhouse. From the inside looking out, China is not a manufacturing juggernaut. It's a Lilliputian. Nor is it a killer of American jobs. It's a huge job creator. Rising China is importing goods from America in such volume that millions of U.S. jobs are sustained through Chinese trade and investment. In Unmade in China, entrepreneur and Georgetown University business professor Jeremy Haft lifts the lid on the hidden world of China's intricate supply chains. Informed by years of experience building new companies in China, Haft's unique, insider’s view reveals a startling picture of an economy which struggles to make baby formula safely, much less a nuclear power plant. Using firm-level data and recent case studies, Unmade in China tells the story of systemic risk in Chinese manufacturing and why this is both really bad and really good news for America.

Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization

Author : Yi Wen
Publisher : World Scientific
ISBN 13 : 9814733741
Total Pages : 336 pages
Book Rating : 4.8/5 (147 download)

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Book Synopsis Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization by : Yi Wen

Download or read book Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization written by Yi Wen and published by World Scientific. This book was released on 2016-05-13 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.

Invisible China

Author : Scott Rozelle
Publisher : University of Chicago Press
ISBN 13 : 022674051X
Total Pages : 242 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis Invisible China by : Scott Rozelle

Download or read book Invisible China written by Scott Rozelle and published by University of Chicago Press. This book was released on 2020-09-29 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of how China’s changing economy may leave its rural communities in the dust and launch a political and economic disaster. As the glittering skyline in Shanghai seemingly attests, China has quickly transformed itself from a place of stark poverty into a modern, urban, technologically savvy economic powerhouse. But as Scott Rozelle and Natalie Hell show in Invisible China, the truth is much more complicated and might be a serious cause for concern. China’s growth has relied heavily on unskilled labor. Most of the workers who have fueled the country’s rise come from rural villages and have never been to high school. While this national growth strategy has been effective for three decades, the unskilled wage rate is finally rising, inducing companies inside China to automate at an unprecedented rate and triggering an exodus of companies seeking cheaper labor in other countries. Ten years ago, almost every product for sale in an American Walmart was made in China. Today, that is no longer the case. With the changing demand for labor, China seems to have no good back-up plan. For all of its investment in physical infrastructure, for decades China failed to invest enough in its people. Recent progress may come too late. Drawing on extensive surveys on the ground in China, Rozelle and Hell reveal that while China may be the second-largest economy in the world, its labor force has one of the lowest levels of education of any comparable country. Over half of China’s population—as well as a vast majority of its children—are from rural areas. Their low levels of basic education may leave many unable to find work in the formal workplace as China’s economy changes and manufacturing jobs move elsewhere. In Invisible China, Rozelle and Hell speak not only to an urgent humanitarian concern but also a potential economic crisis that could upend economies and foreign relations around the globe. If too many are left structurally unemployable, the implications both inside and outside of China could be serious. Understanding the situation in China today is essential if we are to avoid a potential crisis of international proportions. This book is an urgent and timely call to action that should be read by economists, policymakers, the business community, and general readers alike. Praise for Invisible China “Stunningly researched.” —TheEconomist, Best Books of the Year (UK) “Invisible China sounds a wake-up call.” —The Strategist “Not to be missed.” —Times Literary Supplement (UK) “[Invisible China] provides an extensive coverage of problems for China in the sphere of human capital development . . . the book is rich in content and is not constrained only to China, but provides important parallels with past and present developments in other countries.” —Journal of Chinese Political Science

China's Future

Author : David Shambaugh
Publisher : John Wiley & Sons
ISBN 13 : 1509507175
Total Pages : 144 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis China's Future by : David Shambaugh

Download or read book China's Future written by David Shambaugh and published by John Wiley & Sons. This book was released on 2016-03-11 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's future is arguably the most consequential question in global affairs. Having enjoyed unprecedented levels of growth, China is at a critical juncture in the development of its economy, society, polity, national security, and international relations. The direction the nation takes at this turning point will determine whether it stalls or continues to develop and prosper. Will China be successful in implementing a new wave of transformational reforms that could last decades and make it the world's leading superpower? Or will its leaders shy away from the drastic changes required because the regime's power is at risk? If so, will that lead to prolonged stagnation or even regime collapse? Might China move down a more liberal or even democratic path? Or will China instead emerge as a hard, authoritarian and aggressive superstate? In this new book, David Shambaugh argues that these potential pathways are all possibilities - but they depend on key decisions yet to be made by China's leaders, different pressures from within Chinese society, as well as actions taken by other nations. Assessing these scenarios and their implications, he offers a thoughtful and clear study of China's future for all those seeking to understand the country's likely trajectory over the coming decade and beyond.

China, the Big Lie?

Author : Mario Cavolo
Publisher :
ISBN 13 : 9781592651641
Total Pages : 0 pages
Book Rating : 4.6/5 (516 download)

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Book Synopsis China, the Big Lie? by : Mario Cavolo

Download or read book China, the Big Lie? written by Mario Cavolo and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Did you know that millions of normal middle and lower-class Chinese are far wealthier than previously thought, hiding between 6 to 10 trillion dollars of shadow cash? Or that this astounding fact is rarely discussed by mainstream media gleefully driving the narrative that China's economy may be headed for a big slowdown? If not then China: The Big Lie? is right up your alley. In part one of China: The Big Lie? author Mario Cavolo provides a thoroughly researched, on-the ground look at the relationship between this secret wealth and the rest of Chinese society. He uses insightful analysis into topics as varied as the real estate market, online retail and the traditional Chinese family to capture the strength of China's economy. In part two Cavolo uses articles previously published for a U.S. investment website to offer further insight and commentary on his macro-bullish view of both the Chinese and global economy.

The Hundred-Year Marathon

Author : Michael Pillsbury
Publisher : Henry Holt and Company
ISBN 13 : 162779011X
Total Pages : 397 pages
Book Rating : 4.6/5 (277 download)

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Book Synopsis The Hundred-Year Marathon by : Michael Pillsbury

Download or read book The Hundred-Year Marathon written by Michael Pillsbury and published by Henry Holt and Company. This book was released on 2015-02-03 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the U.S. government's leading China experts reveals the hidden strategy fueling that country's rise – and how Americans have been seduced into helping China overtake us as the world's leading superpower. For more than forty years, the United States has played an indispensable role helping the Chinese government build a booming economy, develop its scientific and military capabilities, and take its place on the world stage, in the belief that China's rise will bring us cooperation, diplomacy, and free trade. But what if the "China Dream" is to replace us, just as America replaced the British Empire, without firing a shot? Based on interviews with Chinese defectors and newly declassified, previously undisclosed national security documents, The Hundred-Year Marathon reveals China's secret strategy to supplant the United States as the world's dominant power, and to do so by 2049, the one-hundredth anniversary of the founding of the People's Republic. Michael Pillsbury, a fluent Mandarin speaker who has served in senior national security positions in the U.S. government since the days of Richard Nixon and Henry Kissinger, draws on his decades of contact with the "hawks" in China's military and intelligence agencies and translates their documents, speeches, and books to show how the teachings of traditional Chinese statecraft underpin their actions. He offers an inside look at how the Chinese really view America and its leaders – as barbarians who will be the architects of their own demise. Pillsbury also explains how the U.S. government has helped – sometimes unwittingly and sometimes deliberately – to make this "China Dream" come true, and he calls for the United States to implement a new, more competitive strategy toward China as it really is, and not as we might wish it to be. The Hundred-Year Marathon is a wake-up call as we face the greatest national security challenge of the twenty-first century.

China's Economic Rise

Author : Congressional Research Service
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781976466953
Total Pages : 52 pages
Book Rating : 4.4/5 (669 download)

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Book Synopsis China's Economic Rise by : Congressional Research Service

Download or read book China's Economic Rise written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-09-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.

China's Great Wall of Debt

Author : Dinny McMahon
Publisher : HarperCollins
ISBN 13 : 1328846024
Total Pages : 285 pages
Book Rating : 4.3/5 (288 download)

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Book Synopsis China's Great Wall of Debt by : Dinny McMahon

Download or read book China's Great Wall of Debt written by Dinny McMahon and published by HarperCollins. This book was released on 2018-03-13 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: A stunning inside look at how and why the foundations upon which China has built the world’s second largest economy, have started to crumble. Over the course of a decade spent reporting in China as a financial journalist, Dinny McMahon came to the conclusion that the widely held belief in China’s inevitable economic ascent is dangerously wrong. In this unprecedented deep dive, McMahon shows how, lurking behind the illusion of prosperity, China’s economic growth has been built on a staggering mountain of debt. While stories of newly built but empty cities, white elephant state projects, and a byzantine shadow banking system have all become a regular fixture in the press, McMahon goes beyond the headlines to explain how such waste has been allowed to flourish, and why one of the most powerful governments in the world has been at a loss to stop it. Through the stories of ordinary Chinese citizens, McMahon tries to make sense of the unique—and often bizarre—mechanics of the nation’s economy, whether it be the state’s addiction to appropriating land from poor farmers; or why a Chinese entrepreneur decided it was cheaper to move his yarn factory to South Carolina; or why ambitious Chinese mayors build ghost cities; or why the Chinese bureaucracy was able to stare down Beijing’s attempts to break up the state’s pointless monopoly over table salt distribution. Debt, entrenched vested interests, a frenzy of speculation, and an aging population are all pushing China toward an economic reckoning. China’s Great Wall of Debt unravels an incredibly complex and opaque economy, one whose fortunes—for better or worse—will shape the globe like never before.

Deng Xiaoping and the Transformation of China

Author : Ezra F. Vogel
Publisher : Harvard University Press
ISBN 13 : 0674257413
Total Pages : 553 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis Deng Xiaoping and the Transformation of China by : Ezra F. Vogel

Download or read book Deng Xiaoping and the Transformation of China written by Ezra F. Vogel and published by Harvard University Press. This book was released on 2013-10-14 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: Winner of the Lionel Gelber Prize National Book Critics Circle Award Finalist An Economist Best Book of the Year | A Financial Times Book of the Year | A Wall Street Journal Book of the Year | A Washington Post Book of the Year | A Bloomberg News Book of the Year | An Esquire China Book of the Year | A Gates Notes Top Read of the Year Perhaps no one in the twentieth century had a greater long-term impact on world history than Deng Xiaoping. And no scholar of contemporary East Asian history and culture is better qualified than Ezra Vogel to disentangle the many contradictions embodied in the life and legacy of China’s boldest strategist. Once described by Mao Zedong as a “needle inside a ball of cotton,” Deng was the pragmatic yet disciplined driving force behind China’s radical transformation in the late twentieth century. He confronted the damage wrought by the Cultural Revolution, dissolved Mao’s cult of personality, and loosened the economic and social policies that had stunted China’s growth. Obsessed with modernization and technology, Deng opened trade relations with the West, which lifted hundreds of millions of his countrymen out of poverty. Yet at the same time he answered to his authoritarian roots, most notably when he ordered the crackdown in June 1989 at Tiananmen Square. Deng’s youthful commitment to the Communist Party was cemented in Paris in the early 1920s, among a group of Chinese student-workers that also included Zhou Enlai. Deng returned home in 1927 to join the Chinese Revolution on the ground floor. In the fifty years of his tumultuous rise to power, he endured accusations, purges, and even exile before becoming China’s preeminent leader from 1978 to 1989 and again in 1992. When he reached the top, Deng saw an opportunity to creatively destroy much of the economic system he had helped build for five decades as a loyal follower of Mao—and he did not hesitate.

China Doesn’t Exist

Author : Daniel Marques
Publisher : 22 Lions
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4./5 ( download)

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Book Synopsis China Doesn’t Exist by : Daniel Marques

Download or read book China Doesn’t Exist written by Daniel Marques and published by 22 Lions. This book was released on 2014-10-26 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the ever-changing world we live in, where the Portuguese economy languishes in a state of continuous decline, there is a desperate search for answers, explanations, and solutions that seem to be nonexistent. This thought-provoking book delves into the comparative realities of modern China and Portugal, shedding light on the economic, social, and political landscapes of both nations. As Portugal grapples with its fall from its once lofty position as a global power, it looks to China as an exemplar of economic success and societal advancement. But is this Chinese reality as promising as it seems? Through meticulous research and analysis, this book uncovers the hidden details that define the true state of affairs in the so-called "world number one." Drawing parallels between the decline of the world's longest-standing empire, Portugal, and the rise of a new empire from the ashes of poverty, China, this book offers invaluable insights to businessmen, politicians, and individuals seeking to establish trade partnerships, investments, or even a life in China. It serves as a necessary guide for those who wish to understand the Chinese way of thinking, their plans for the world, and what this means for the future of humanity. Written based on a comprehensive six-year study conducted across multiple cities, this book incorporates numerous interviews with citizens from both countries. It goes beyond the surface-level portrayal of China often depicted in media and fantasy films, revealing the hidden truths obscured by legends, Chinese stories, and philosophies. This enlightening work is a must-read for anyone interested in the realities of China and seeks to provide invaluable insights into the future of global economies and markets. Packed with thought-provoking content, rich anecdotes, and compelling analysis, it offers a unique perspective that challenges existing stereotypes and unravels the true essence of China as it exists in the present day. Take the plunge into this captivating narrative and gain a deeper understanding of China, its realities, and its implications for the future. Experience the unparalleled insight and thought-provoking analysis that awaits within the pages of this groundbreaking book. Purchase your copy today and embark on a journey that will shape your perspective on the world.

Hidden Hand

Author : Clive Hamilton
Publisher : Optimum Publishing International
ISBN 13 : 0888903081
Total Pages : 341 pages
Book Rating : 4.8/5 (889 download)

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Book Synopsis Hidden Hand by : Clive Hamilton

Download or read book Hidden Hand written by Clive Hamilton and published by Optimum Publishing International. This book was released on 2021-07-03 with total page 341 pages. Available in PDF, EPUB and Kindle. Book excerpt: Headline: The Globe and Mail: Legal challenge halts Canadian, U.S. and U.K. release of book critical of Chinese Communist Party by Robert Fife That said it all. The hands of the Chinese Communist Party were going on the offence. The 48 Group Club a China friendly group of former UK ambassadors and Prime Ministers were embarrassed by their connections to a Club founded by key members of the Chinese Communist Party of Britain who's chair Stephen Perry suggested that China's approach to world order and rule was superior to democracy and the UK should embrace them. Asked if he believed the lawsuit was an effort by the Chinese government to stop the publication of his book, Mr. Hamilton said: “I have no evidence of that, although it should be noted that the Chinese government has used lawfare in the past.” Lawfare is the use of legal action as part of a campaign against a target. Governments around the world are in the early stages of a repositioning of power, as China rises and the United States is drawn into direct competition. However, some are beginning to wonder whether, for all of the economic benefits, engaging with China carries unseen dangers. The Chinese Communist Party is now determined to reshape the world in its image. The party is not interested in democracy. It divides the world into those who can be won over and enemies. They have already lured many leaders to their corner; others are weighing up a devil's bargain. Through its exercise of ‘sharp power,’ the party is weakening global institutions, aggressively targeting individual corporations, and threatening freedom of expression from the arts to academia. At the same time, security services are increasingly worried about incursions into our communications infrastructure. Indeed, the vaunted Great Firewall is a temporary measure, only necessary until the party has transformed the global conversation. In December 2019, the CCP's obsession with social control led it to suppress expert warnings about the coronavirus outbreak in Wuhan. Most alarming for the West was the active collaboration of the WHO in spreading the CCP's version of events. It was a shocking example of the widespread co-optation of global institutions by the CCP, as described in Hidden Hand. As soon as Beijing thought it had the virus under control, it began a global propaganda blitz, presenting China's authoritarian system as a model for the rest of the world. Western media and pundits soon began echoing the Party line. Hidden Hand is a detailed and devastating expose of Chinese Communist Party influence in the West, including Canada. It could not arrive at a better time in Canada, with relations between Ottawa and Beijing reaching breaking point after two years of mounting tension. China's bullying behaviour, and the mobilising of people loyal to the Chinese Communist Party on the streets of Canada's cities, has caused deep disquiet among Canadians. But the government seems paralyzed. Hidden Hand shows how Canada's political, business, academic and cultural elites have over many years been co-opted by the Chinese Communist Party and its agencies. They are confused about what is in Canada's national interests and frequently do Beijing's bidding. Hidden Hand shows how the Chinese Communist Party represents a profound threat to Western democracy. It's vital reading for Canadians who want to understand what is really happening, and points to a way of carving out a new diplomatic course with China. But the question remains: Does the government have the will to stand up to Beijing and its proxies in Canada or is it too late?

Red Capitalism

Author : Carl Walter
Publisher : John Wiley & Sons
ISBN 13 : 1118255135
Total Pages : 290 pages
Book Rating : 4.1/5 (182 download)

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Book Synopsis Red Capitalism by : Carl Walter

Download or read book Red Capitalism written by Carl Walter and published by John Wiley & Sons. This book was released on 2012-07-31 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.

The Chinese Way to Wealth and Prosperity: 8 Timeless Strategies for Achieving Financial Success

Author : Michael Justin Lee
Publisher : McGraw Hill Professional
ISBN 13 : 0071788735
Total Pages : 222 pages
Book Rating : 4.0/5 (717 download)

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Book Synopsis The Chinese Way to Wealth and Prosperity: 8 Timeless Strategies for Achieving Financial Success by : Michael Justin Lee

Download or read book The Chinese Way to Wealth and Prosperity: 8 Timeless Strategies for Achieving Financial Success written by Michael Justin Lee and published by McGraw Hill Professional. This book was released on 2012-07-27 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: "You will put down this insightful book with a much deeper understanding of two of the more indispensable topics of the twenty-first century: China and sound financial practices." -- Jon Huntsman, Jr., U.S. Ambassador to China, 2009–2011 "This is a timely, well-researched, and tremendously important book..." -- Maurice R. Greenberg, Chairman & CEO, C.V. Starr & Co., Inc. "Michael sets out a commonsense approach to wealth and prosperity. It's a must-read." -- Philip Bullen, CFA, Group Chief Investment Officer, Fidelity Investments "Lee brings a unique combination of cultural, business, and economic insights. In compelling and clear language, he shows how Americans can engage this new reality." -- Samuel Gregg, D.Phil., Director of Research, The Acton Institute for the Study of Religion and Liberty "The more that things change, the more that making money depends on understanding those things that never change. In an immensely readable volume and with a compelling story, The Chinese Way to Wealth and Prosperity provides precisely that." -- Rabbi Daniel Lapin, Author of Thou Shall Prosper: The 10 Commandments for Making Money "Lee provides a valuable handbook for anyone wishing to understand what drives Chinese attitudes toward money." -- Dong Tao, Ph.D., Chief China Economist, Credit Suisse For centuries, the Chinese have managed to survive and thrive in virtually every part of the world. From nineteenth-century emigrants to twenty-first-century "tiger moms," they have shown remarkable resilience and determination in achieving their goals even under the most challenging of circumstances. What is the secret behind their enduring success? It's The Chinese Way to Wealth and Prosperity--a timeless combination of ancient wisdom and modern strategy that anyone can apply: Learn, then earn. Get mobile and go global. Make connections and return favors. Reduce debt and release your capital. Play financial defense. Defer gratification. Love the land. Avoid unrewarded risks. This inspiring and eminently practical guide shows you how to enrich your life, as well as enhance your fortunes. You'll discover the Chinese philosophy of "Sow early, sow often,"--reaping the rewards of consistently saving year after year. You'll learn how to honor and practice the time-tested wisdom of previous generations, keeping your priorities in check, placing a value on what matters most, and bringing prosperity into all aspects of your life. You'll find helpful charts detailing how wealth is generated using basic money-building principles very well known to the Chinese people, as well as ancient proverbs and stories that you can apply to today's economic situation. Along the way, you’ll read how distinguished individuals and major companies have thrived all over the world employing these lessons. The Chinese Way to Wealth and Prosperity offers the wisdom of the past, the keys to the present, and the road map to a strong financial future.

China's Leaders

Author : David Shambaugh
Publisher : John Wiley & Sons
ISBN 13 : 1509546529
Total Pages : 270 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis China's Leaders by : David Shambaugh

Download or read book China's Leaders written by David Shambaugh and published by John Wiley & Sons. This book was released on 2021-06-25 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the founding of the People’s Republic of China over 70 years ago, five paramount leaders have shaped the fates and fortunes of the nation and the ruling Chinese Communist Party: Mao Zedong, Deng Xiaoping, Jiang Zemin, Hu Jintao, and Xi Jinping. Under their leaderships, China has undergone an extraordinary transformation from an undeveloped and insular country to a comprehensive world power. In this definitive study, renowned Sinologist David Shambaugh offers a refreshing account of China’s dramatic post-revolutionary history through the prism of those who ruled it. Exploring the persona, formative socialization, psychology, and professional experiences of each leader, Shambaugh shows how their differing leadership styles and tactics of rule shaped China domestically and internationally: Mao was a populist tyrant, Deng a pragmatic Leninist, Jiang a bureaucratic politician, Hu a technocratic apparatchik, and Xi a modern emperor. Covering the full scope of these leaders’ personalities and power, this is an illuminating guide to China’s modern history and understanding how China has become the superpower of today.

Never Turn Back

Author : Julian Gewirtz
Publisher : Harvard University Press
ISBN 13 : 0674241843
Total Pages : 433 pages
Book Rating : 4.6/5 (742 download)

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Book Synopsis Never Turn Back by : Julian Gewirtz

Download or read book Never Turn Back written by Julian Gewirtz and published by Harvard University Press. This book was released on 2022 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1980s saw spirited debate in China, as officials and the public pressed for economic and political liberalization. But after Tiananmen, the Communist Party erased the reform debate from memory. Julian Gewirtz shows how the leadership expunged alternative visions of China's future and set the stage for the policing of history under Xi Jinping.

Learning from SARS

Author : Institute of Medicine
Publisher : National Academies Press
ISBN 13 : 0309182158
Total Pages : 376 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Learning from SARS by : Institute of Medicine

Download or read book Learning from SARS written by Institute of Medicine and published by National Academies Press. This book was released on 2004-04-26 with total page 376 pages. Available in PDF, EPUB and Kindle. Book excerpt: The emergence of severe acute respiratory syndrome (SARS) in late 2002 and 2003 challenged the global public health community to confront a novel epidemic that spread rapidly from its origins in southern China until it had reached more than 25 other countries within a matter of months. In addition to the number of patients infected with the SARS virus, the disease had profound economic and political repercussions in many of the affected regions. Recent reports of isolated new SARS cases and a fear that the disease could reemerge and spread have put public health officials on high alert for any indications of possible new outbreaks. This report examines the response to SARS by public health systems in individual countries, the biology of the SARS coronavirus and related coronaviruses in animals, the economic and political fallout of the SARS epidemic, quarantine law and other public health measures that apply to combating infectious diseases, and the role of international organizations and scientific cooperation in halting the spread of SARS. The report provides an illuminating survey of findings from the epidemic, along with an assessment of what might be needed in order to contain any future outbreaks of SARS or other emerging infections.