China’s Economy: What Everyone Needs to Know by Arthur R. Kroeber, Oxford University Press (2016)

Chinese economy rose to an unprecedented level and has stumbled recently, but it continues to spring at home and abroad. What makes it work and what not are some of the interesting questions that tickle everyone’s mind, be it a layman or a scholar. It is changing the world, so, what exactly should it be called — socialist, capitalist or market economy? As current Chinese leadership has been disentangling itself from the legacies of the old political and economic systems, what does it need to manage a tightrope walk in order to handle China’s economy and its sheer size?

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