ebook9781349951574d4325

Description

This book analyzes¬†China‚Äôs development in the wider context of the global trade, investment, security, knowledge and production regimes established by the United States.¬†It argues that, although China has thus far been able to enjoy rapid growth within this global architecture, it will have to deal with a more challenging external environment as other states react to its rise. More specifically, it is facing¬†growing pressure to realign its currency, a¬†greater number of trade investment and intellectual property disputes, a¬†more hostile security environment, and¬†exclusionary regional trans-Pacific and trans-Atlantic trade agreements.¬†It is also being confronted by an array of internal issues, from an ageing population and weaknesses in the high tech sector, to¬†over-reliance on foreign companies for exports,¬†non-performing loans and¬†a burgeoning state debt. This, in turn, has led an increasing number of firms to relocate to other countries.¬†For the time being, the author concludes, China’s global ambitions and¬†challenge to US supremacy will¬†have to be scaled back. This insightful work will appeal to students and scholars of China’s politics, economy and development.