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Heavy-going analysis of modern-day China and its future
on 5 January 2013
This is an in-depth study of China, its economic politics, industry and the changes being made to Chinese society.
Few can be unaware of the differences between the China of Chairman Mao days, when it was an agricultural economy barely able to feed its own population and when industry was almost a swear word, to the modern-day and largely industrial China. Its population is being moved from the largely rural and numerous small villages of yesteryear into large modern cities many of which are intended to serve the factories designed to produce either a single product type or a few related products primarily for export.
Products and a lifestyle eschewed under Mao are now commonplace in many Chinese homes with TV and vehicles available to many. China, as a nation, is the fastest growing economy currently known and is about to overtake the USA and remove it from its Number One slot in world rankings, if it maintains current growth expectations. However, it is a fragile economy and a major consumer country, or a group of such countries, which defaults on its debts to China could very easily upset an economy which is unable to be entirely self-supporting in a wholly free environment. China is a Communist state and the history of such bodies is one of high ideals which may be met in the short-term but fail to provide long-term stability. The bubble may one day burst!
This book attempts to explain all the issues but does so in a manner that makes it a difficult book to read. Factual it may be but it also unfortunately also boring. It is a book which should be of wider interest but it is also one likely to be read by a few Sinologists and possibly those involved in trading with China.
Academic, economic and political at the one time, may make it a book on the reference list of some institutions, but it will not appeal to a wider public and will probably attract a rather small audience. Few may read it from cover to cover. I certainly could not!