Cracking the China Conundrum, Yukon Huang
Cracking the China Conundrum, Yukon Huang
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Cracking the China Conundrum
Why Conventional Economic Wisdom Is Wrong

Author: Yukon Huang

Narrator: James Sie

Unabridged: 11 hr 10 min

Format: Digital Audiobook Download

Publisher: Tantor Media

Published: 06/06/2023


Synopsis

China's rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China's economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues.

Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China's economy. Huang explains that misconceptions arise in part because China's economic system is unprecedented in many ways—namely because it's driven by both the market and state—which complicates the task of designing accurate and adaptable analysis and research. Further, China's size, regional diversity, and uniquely decentralized administrative system poses difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China's economic state accurately.

This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China's economic environment.

About Yukon Huang

Yukon Huang is a Senior Fellow in the Asia Program at Carnegie Endowment for International Peace, Washington, DC. He has formerly been the World Bank director for China and Russia, advisor to the World Bank and Asian Development Bank, a featured commentator on China for the Financial Times, as well as a former US Treasury official and economics professor.


Reviews

Goodreads review by Sanford on July 12, 2017

A masterful and contrarian discourse on the China growth story that turns conventional wisdom on its head. Insightful.......more

Goodreads review by Josh on April 05, 2024

This book is one of the few I’ve read that actually has something novel, well researched, and insightful to say about China. I really enjoyed the thorough economic analysis highlighting the pitfalls in the thinking of most policymakers. An excellent read. The first half was a slog, so minus one star......more

Goodreads review by Edward on January 30, 2018

Short succinct book that cuts through a lot of the often ideologically, emotionally driven discourse around China and its economy, backed with quantitative evidence from a variety of sources. The book largely requires an intermediate understanding of macroeconomics (not a surprise given the author's......more

Goodreads review by Peter on November 18, 2020

Excellent survey of all economic, political, social and geopolitical concerns the modern Chinese state is seeking to address. The book first examines the different ways China is perceived around the world (where you stand depends on where you sit, i.e. if you're a neighbor of China you're obviously......more

Goodreads review by Roy on June 18, 2023

It's written pre-Russo-Ukranian war. I think China is too big to remain true to their non-interference policy. By still allowing trade with Russia they by definition interfere with the Western sanctions. I still hope China will get a fair seat at the table on the world stage. We have used China as a......more