With its per capita income surpassing US$10,000, China has now drawn up ambitious plans to further lift its income to the level of developed countries. Yet various constraints need to be overcome if China is to build on the achievements of the last 40 years and further boost its growth potential. Besides these constraints, the year 2020 saw human societies hit heavily by the COVID-19 pandemic and the global economy caught off guard and dipped into recessions caused by lockdown measures for controlling the spread of the pandemic. Nations around the world have experienced grave loss of human life and lockdown measures have knocked economies from their normal growth trajectories. Even as the pandemic continues to unfold, all signs point to China as being the first major economy to have emerged out of the crisis. But many questions remain. Has the Chinese economy emerged from the pandemic crisis relatively unscathed? What are the long-term prospects for its economy? This year’s Update book, China’s Challenges in Moving towards a High-income Economy, explores the challenges faced by the Chinese economy in the transition towards a high-income economy, including agricultural development, finance and fiscal system reform, RMB internationalisation, trends in urbanisation, as well as topics related to innovation, corporate sector development and market competition. China’s growth experience has been full of exciting changes and important lessons for reform and structural changes, and this year’s China Update is again the way to gain insights into these.

China’s Challenges and International Order Transition introduces an integrated conceptual framework of “international order” categorized by three levels (power, rules, and norms) and three issue-areas (security, political, and economic). Each contributor engages one or more of these analytical dimensions to examine two questions: (1) Has China already challenged this dimension of international order? (2) How will China challenge this dimension of international order in the future? The contested views and perspectives in this volume suggest it is too simple to assume an inevitable conflict between China and the outside world. With different strategies to challenge or reform the many dimensions of international order, China’s role is not a one-way street. It is an interactive process in which the world may change China as much as China may change the world. The aim of the book is to broaden the debate beyond the “Thucydides Trap” perspective currently popular in the West. Rather than offering a single argument, this volume offers a platform for scholars, especially Chinese scholars vs. Western scholars, to exchange and debate their different views and perspectives on China and the potential transition of international order.

When the "fifth generation" of Communist Party leaders in China assumed top political positions in 2012-2013, they took the helm of a country that has achieved remarkable economic growth, political stability, and international influence. Yet China today confronts challenges at least as daunting as any it has faced since the reform era began in the late 1970s. In November 2013, the Chinese Communist Party's Central Committee announced ambitious reforms to address vital issues, such as giving market forces a "decisive role" in the economy, strengthening the social safety net, assigning greater weight to factors other than economic growth and social order in evaluating local officials, promoting urbanization, and relaxing the "one child" policy. China's Challenges brings together fourteen experts on China's social, economic, political, legal, and foreign affairs to examine some of the nation's pivotal policy issues. Their wide-ranging analyses cover economic and social inequality, internal migration and population control, imperatives to "rebalance" China's economy toward domestic demand and consumption, problems of official corruption, tensions between legal reform and social order, and the strained relationships with neighboring countries and the United States that stem from China's rising power, military modernization, enduring territorial disputes, and rising nationalism in domestic politics. This timely volume offers a broad and comprehensive look at the issues facing China today and lays the groundwork for understanding the shifts to come. How—and how well—China handles these challenges not only will define China's trajectory for years to come, but will have repercussions far beyond China's borders. Contributors: Yong Cai, Jacques deLisle, Jane Duckett, Andrew Erickson, M. Taylor Fravel, Avery Goldstein, Yasheng Huang, Zai Liang, Benjamin Liebman, Melanie Manion, Barry Naughton, Daniela Stockmann, Robert Sutter, Guohui Wang.

How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.

China's rise as an economic superpower has caused growing anxieties in the West. Europe is now applying stricter scrutiny over takeovers by Chinese state-owned giants, while the United States is imposing aggressive sanctions on leading Chinese technology firms such as Huawei, TikTok, and WeChat. Given the escalating geopolitical tensions between China and the West, are there any hopeful prospects for economic globalization? In her compelling new book Chinese Antitrust Exceptionalism, Angela Zhang examines the most important and least understood tactic that China can deploy to counter western sanctions: antitrust law. Zhang reveals how China has transformed antitrust law into a powerful economic weapon, supplying theory and case studies to explain its strategic application over the course of the Sino-US tech war. Zhang also exposes the vast administrative discretion possessed by the Chinese government, showing how agencies can leverage the media to push forward aggressive enforcement. She further dives into the bureaucratic politics that spurred China's antitrust regulation, providing an incisive analysis of how divergent missions, cultures, and structures of agencies have shaped regulatory outcomes. More than a legal analysis, Zhang offers a political and economic study of our contemporary moment. She demonstrates that Chinese exceptionalism-as manifested in the way China regulates and is regulated, is reshaping global regulation and that future cooperation relies on the West comprehending Chinese idiosyncrasies and China achieving greater transparency through integration with its Western rivals.

Helps the United States and the rest of the world better comprehend the facts and dynamics underpinning China's rise. This book analyzes the data on China's economy, foreign and domestic policy, and national security.

Where the last three decades of the 20th century witnessed a China rising on to the global economic stage, the first three decades of the 21st century are almost certain to bring with them the completion of that rise, not only in economic, but also political and geopolitical terms. China's integration into the global economy has brought one-fifth of the global population into the world trading system, which has increased global market potential and integration to an unprecedented level. The increased scale and depth of international specialisation propelled by an enlarged world market has offered new opportunities to boost world production, trade and consumption; with the potential for increasing the welfare of all the countries involved. However, China's integration into the global economy has forced a worldwide reallocation of economic activities. This has increased various kinds of friction in China's trading and political relations with others, as well as generating several globally significant externalities. Finding ways to accommodate China's rise in a way that ensures the future stability and prosperity of the world economy and polity is probably the most important task facing the world community in the first half of the 21st century. The book delves into these issues to reflect upon the wide range of opportunities and challenges that have emerged in the context of a rising China.

“A standout . . . a balanced, informative, and highly intelligent guide to dealing with China.”—Fareed Zakaria Many see China as a rival superpower to the United States and imagine the country’s rise to be a threat to U.S. leadership in Asia and beyond. Thomas J. Christensen argues against this zero-sum vision. Instead, he describes a new paradigm in which the real challenge lies in dissuading China from regional aggression while encouraging the country to contribute to the global order. Drawing on decades of scholarship and experience as a senior diplomat, Christensen offers a compelling new assessment of U.S.-China relations that is essential reading for anyone interested in the future of the globalized world. The China Challenge shows why China is nowhere near powerful enough to be considered a global “peer competitor” of the United States, but it is already strong enough to destabilize East Asia and to influence economic and political affairs worldwide. Despite China’s impressive achievements, the Chinese Communist Party faces enormous challenges. Christensen shows how nationalism and the threat of domestic instability influence the party’s decisions on issues like maritime sovereignty disputes, global financial management, control of the Internet, climate change, and policies toward Taiwan and Hong Kong. China benefits enormously from the current global order and has no intention of overthrowing it; but that is not enough. China’s active cooperation is essential to global governance. Never before has a developing country like China been asked to contribute so much to ensure international stability. If China obstructs international efforts to confront nuclear proliferation, civil conflicts, financial instability, and climate change, those efforts will falter, but even if China merely declines to support such efforts, the problems will grow vastly more complicated. Analyzing U.S.-China policy since the end of the Cold War, Christensen articulates a balanced strategic approach that explains why we should aim not to block China’s rise but rather to help shape its choices so as to deter regional aggression and encourage China’s active participation in international initiatives that benefit both nations.

China's huge environmental challenges are significant for us all. They affect not only the health and well-being of China but the very future of the planet. In the second edition of this acclaimed, trailblazing book, noted China specialist and environmentalist Judith Shapiro investigates China's struggle to achieve sustainable development against a backdrop of acute rural poverty and soaring middle class consumption. Using five core analytical concepts to explore the complexities of this struggle - the implications of globalization, the challenges of governance; contested national identity, the evolution of civil society, and problems of environmental justice and displacement of environmental harm - Shapiro poses a number of pressing questions: Can the Chinese people equitably achieve the higher living standards enjoyed in the developed world? Are China's environmental problems so severe that they may shake the government's stability, legitimacy and control? To what extent are China's environmental problems due to world-wide patterns of consumption? Does China's rise bode ill for the displacement of environmental harm to other parts of the world? And in a world of increasing limits on resources, how can we build a system in which people enjoy equal access to resources without taking them from successive generations, from the vulnerable, or from other species? China and the planet are at a pivotal moment; transformation to a more sustainable development model is still possible. But - as Shapiro persuasively argues - doing so will require humility, creativity, and a rejection of business as usual. The window of opportunity will not be open much longer.

Despite the significant progress it had achieved in the past 60 years, especially in the past 30 years since Deng Xiaoping's reform initiatives in the late 1970s, China faces daunting challenges today. These challenges include, among others, a rigid political system that does not match economic vibrancy, uneven economic growth and widening income gap, a graying population, environmental degradation, potential social instability, ethnic tensions and separatist movement, poor international image, and military modernization. Based on papers originally presented at an international conference held at Bucknell University in Pennsylvania to mark the 60th anniversary of the People's Republic of China (PRC), this book provides an up-to-date, comprehensive, and authoritative assessment of the PRC's political, economic, social, ethnic, energy, security, military, diplomatic and other developments and challenges today. Contributed by scholars and experts in political science, international relations, economics, public administration, history, mass communication, psychology, and diplomacy, the book focuses on the efforts needed by China to grow in a sustainable manner and to become a respected global power. With each chapter addressing a different and yet an inter-related issue of the PRC's development, this book aims to make a significant contribution to the understanding of key challenges the country faces today as it strives to become a global power.