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China's Rise: Challenges and Opportunities Paperback – October 1, 2009
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There is no better place to find a compact overview of recent developments in China, through mid-2008, both with respect to economic developments and with respect to China's foreign and national security policy. --Foreign Affairs
This is the best single book on China, and I use it to prepare for all my trips to that country. --Zbigniew Brzezinski
Top Customer Reviews
President Jiang Zemin's 2002 "Three Represents" (represent the majority and major components) allowed the formerly reviled entrepreneurs to join the CCP, co opting its rising middle class and intellectuals. The National People's Congress no longer rubber-stamps everything put before it by the State council - evidence includes protracted drafting of the Property Law, and 10% voting against Zemin staying as chair of the Central Military Committee. Recently there were 8% more candidates than slots, and the Minister of Health was not a CCP member.
The central government collects taxes nationwide, splitting the receipts about evenly with local governments. 'Growth at any cost' rules at the local level, creating environment problems; also the local governments don't get enough funding to cover all the central mandates. Local governments are responsible for appointing local officials and judges, along with their pay. Thus, local adherence to central mandates is sometimes half-hearted and frustrates U.S. personnel.
The spring of 1989 brought people into the streets in support student-led demonstrations - inflation and official profiteering were major concerns. Chinese corruption appears to have leveled out in the last 15 -years - now approximately at the same level as India, Mexico, Brazil, and better than the U.S.S.R. The most vulnerable areas involve real estate - state funds for real-estate loans, land seizures without proper payment. Bergsten believes this costs about 3-4%/year of GDP.Read more ›