It’s time to rethink the way we think about China. In this thought-provoking book, noted China experts from Harvard Business School and the Wharton School assert that while China has experienced remarkable economic growth in recent decades (nearly 10 percent for more than thirty years), it now faces major challenges—tests that could shift the country’s political and economic trajectory. A lack of accountability, transparency, and ease of operating in China—combined with growing evidence of high-level corruption—has made domestic and foreign businesspeople increasingly wary of the “China model.” These issues have deep roots in Chinese history and the country’s political system. Regina M. Abrami of the Wharton School and William C. Kirby and F. Warren McFarlan of Harvard Business School contend that the country’s dynamic private sector could be a source of sustainable growth, but it is constrained by political favoritism toward state-owned corporations. Disruptive innovation, research, and development are limited by concerns about intellectual property protection. Most significant of all is the question of China’s political future: does a system that has overseen dramatic transformations in recent years now have the capacity to transform itself? Based on a new and popular course taught by the authors at Harvard Business School, this book draws on more than thirty Harvard Business School case studies on Chinese and foreign companies doing business in the region, including Sealed Air, China Merchants Bank, China Mobile, Wanxiang Group, Microsoft, UFIDA, and others. Can China Lead? asserts that China is at an inflection point that cannot be ignored. An understanding of the forces that continue to shape its business landscape is crucial to establishing—and maintaining—a successful enterprise in China.

Shares updated insights into the challenges of doing business in today's emerging markets to explain how it has become harder for companies to operate in China, predicting what is likely to occur economically in the coming decades to help professionals make informed decisions. 12,000 first printing.

A controversial look at the impending Chinese economic collapse—the history behind it, its contemporary causes, and its dire implications for the global economy All the experts agree: the 21st century belongs to China. Given America's looming insolvency and the possibility of the collapse of the U.S. dollar, who can doubt that China is poised to take over the role of economic superpower? Written by political economist and leading financial journalist James Gorrie, this book offers a highly controversial, contrarian view of contemporary China. Drawing upon a wealth of historical and up-to-the-minute data, Gorrie makes a strong case that China, itself, is on the verge of an economic crisis of epic proportions. He explains how, caught in a recurrent boom/bust cycle that has played itself out several times over the past sixty years, China is again approaching total economic and social collapse. But with one important difference this time: they may very well take the entire global economy down with them. Explores the Chinese communist party's unfortunate history of making costly and very bloody mistakes on an enormous scale One-by-one Gorrie analyzes those critical mistakes and explains how they may lead to economic collapse in China and global depression Describes Chinese "cannibal capitalism," and where its massive abuse of the country's environment, people, and arable lands is leading that country and the world economy Chronicles China's history of recurring economic crisis and explains why all the evidence suggests that history is about to repeat itself

An eminent China expert considers how the Chinese Communist Party will be removed from power and democratic transition will take place.

“Thoughtful, probing...a worthy successor to the famous histories of Fairbank and Spence [that] will be read by all students and scholars of modern China.” —William C. Kirby, coauthor of Can China Lead? It is tempting to attribute the rise of China to Deng Xiaoping and to recent changes in economic policy. But China has a long history of creative adaptation. In the eighteenth century, the Qing Empire dominated a third of the world’s population. Then, as the Opium Wars and the Taiping Rebellion ripped the country apart, China found itself verging on free fall. More recently, after Mao, China managed a surprising recovery, rapidly undergoing profound economic and social change. A dynamic story of crisis and recovery, failure and triumph, Making China Modern explores the versatility and resourcefulness that guaranteed China’s survival, powered its rise, and will determine its future. “Chronicles reforms, revolutions, and wars through the lens of institutions, often rebutting Western impressions.” —New Yorker “A remarkable accomplishment. Unlike an earlier generation of scholarship, Making China Modern does not treat China’s contemporary transformation as a postscript. It accepts China as a major and active player in the world, places China at the center of an interconnected and global network of engagement, links domestic politics to international dynamics, and seeks to approach China on its own terms.” —Wen-hsin Yeh, author of Shanghai Splendor

The authors set out each of the scarcities that could limit China's power and stall its progress. Beyond scarcities of natural resources and public goods, they explore China's persistent poverties of individual freedoms, institutions, and ideological appeal--and the corrosive loss of values among a growing middle class shackled by a parochial and inflexible political system.

The United States is the global leader in higher education, but this was not always the case and may not remain so. William Kirby examines sources of—and threats to—US higher education supremacy and charts the rise of Chinese competitors. Yet Chinese institutions also face problems, including a state that challenges the commitment to free inquiry.

China's future is arguably the most consequential question in global affairs. Having enjoyed unprecedented levels of growth, China is at a critical juncture in the development of its economy, society, polity, national security, and international relations. The direction the nation takes at this turning point will determine whether it stalls or continues to develop and prosper. Will China be successful in implementing a new wave of transformational reforms that could last decades and make it the world's leading superpower? Or will its leaders shy away from the drastic changes required because the regime's power is at risk? If so, will that lead to prolonged stagnation or even regime collapse? Might China move down a more liberal or even democratic path? Or will China instead emerge as a hard, authoritarian and aggressive superstate? In this new book, David Shambaugh argues that these potential pathways are all possibilities - but they depend on key decisions yet to be made by China's leaders, different pressures from within Chinese society, as well as actions taken by other nations. Assessing these scenarios and their implications, he offers a thoughtful and clear study of China's future for all those seeking to understand the country's likely trajectory over the coming decade and beyond.

Many in the west have refused to acknowledge that an economic war has been underway, one from which there will emerge winners and losers. In All Roads Lead to China, Jeffrey Friedland takes the position that the war is already over and that the victor is China and the vanquished are the U.S. and Europe. Friedland believes that the U.S. and the euro zone will become by mid-century, at best, second tier economies. In All Roads Lead to China, Friedland makes the case that investors have everything to gain from China's economic prosperity, and much to lose by ignoring it. He also makes a compelling argument that returns from investing in mature economies, including the United States and the euro zone, will not be as rewarding over the long-run, compared to returns from investing in China. Friedland explains that China is the most important story for our generation, and the generations to follow. He describes that as the United States and Europe are mired in their own financial problems, China will soon be the world's largest economy and its growth over the next twenty to fifty years will outpace that of the rest of the world. All Roads Lead to China provides investors with the background necessary to understand the country, it's history and enormous potential. The book describes the different ways to invest and numerous financial products that are available, including shares of companies, mutual funds and exchange traded funds. Savvy investors know they should include China in their portfolios, but few know how to proceed. All Roads Lead to China provides that road map for investors or anyone else who wish to have a better understanding of China and its potential.

During the June 2020 territorial dispute over Kalapani, India blamed tensions on a newly assertive Nepal's deepening relations with China. But beyond the accusations and grandstanding, this reflects a new reality: the power equations in South Asia have been redrawn, to make space for China. Nepal did not turn northwards overnight. Its ties with China have deep historical roots built on Buddhism, dating to the early first millennium. While India's unofficial 2015 blockade provided momentum to the rift with Delhi, Nepal has long wanted deeper ties with Beijing, to counteract India's oppressive intimacy. With China's growing South Asian and global ambitions, Nepal now has a new primary bilateral partner-and Nepalis are forging a path towards modernity with its help, both in the remote borderlands and in the cities. All Roads Lead North offers a long view of Nepal's foreign relations, today underpinned by China's world-power status. Sharing never- before-told stories about Tibetan guerrilla fighters, failed coup leaders and trans- Himalayan traders, Nepal analyst Amish Raj Mulmi examines the histories binding mountain communities together across the Sino-Nepali border. Part history, part journalistic account, Mulmi's is a complex, compelling and rigorously researched study of a small country caught between two neighbourhood giants.