When China Changes the World

Author: Izra Lевич
Publisher:
Publish Date: 2005-09-01
Features: This book caused a sensation in Europe and topped the bestseller list in France. A top journalist has been tracking and observing China for 30 years, saying things others haven’t and making groundbreaking statements! Strong media like CCTV and Reference News have closely followed the book and its author, reporting on them eagerly. How will China rise? A full decade ago, American scholar Lester Brown published a sensational book—Who Will Feed China?. In September 2001, renowned China expert Jasper Becker proposed the "China Collapse Theory." Paul Samuelson, a Nobel laureate in economics, also once questioned in the authoritative Economic Outlook magazine whether China’s development would shake the "Comparative Advantage Theory." However, today’s most famous American economist, Columbia professor Jeffrey Sachs, lamented, "China is the best case of development success the world has ever seen." Professor Lin Yifu, director of the China Economic Research Center at Peking University, also confidently pointed out, "No country in the world has sustained economic growth for over 30 years, but what has never happened before may not be impossible in the future. I believe China’s high-speed economic growth can continue for another 30 years or even longer." In the future, China’s most attractive asset will no longer be cheap labor but its well-trained engineers—this is what Jeffrey Immelt, chairman of the world’s top company, General Electric, said. As China’s economy has become an integral part of the global economic system, this book clearly explores the impact of China’s high-speed economic growth on itself and the world.
—Lin Yifu
China is waking up, and the world is shaken. In the history of the world’s economy, no country as powerful as China (1.3 billion people) has ever experienced such rapid growth (8% annually) for such a long period (25 years). This success should bring relief, but it also raises concerns. Over the past quarter-century, the world has changed China. Today, China is changing the world. Tomorrow, China may rise as the world’s economic powerhouse. Due to its vast territory and voracious appetite, China has destabilized all markets—oil, steel, gold, wheat, technology, labor, and more. Its impact affects everything. This book focuses on current hot topics in China’s foreign and domestic economic relations, such as the textile trade war between China, the EU, and the U.S. in May of this year, France’s rejection of the EU constitution in June through a referendum, and the dispute between China and the U.S. over the acquisition of oil companies in July, among others. All of this shows that China’s economic rise and its energy security issues have become hot topics both domestically and internationally. And these are precisely the core themes of this book.
Inside, the author boldly looks ahead to the future of China’s economy. He predicts that China will surpass the U.S. to become the master of the world economy, and that China will develop a complex economic model with comparative advantages in different types of industries, bringing unprecedented shock to the traditional global economic order. At the same time, the author also raises some concerns: Will the political system remain stable? How to address resource shortages? How to protect intellectual property and promote innovation? How to strengthen the social security system and financial system? These challenges are key points of domestic concern.
The author describes these issues with a witty and vivid style, making the book highly suitable for readers who wish to understand global and China’s economic development.