Summary of Yukon Huang's Cracking The China Conundrum

By IRB Media

Please note: This is a companion version & not the original book.

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#1 China’s rise is challenging the world’s geopolitical balance of power, and many see it as a threat to the established international order and Western democratic traditions. But many economists and financial experts struggle to understand China’s economy because there is no agreed-upon analytical framework.

#2 Because China is a continental economy, regional and spatial factors affect economic outcomes in ways that traditional macroeconomic indicators do not easily capture. Thus, observers often simplify when a more holistic approach is more appropriate.

#3 China’s economic rise has been a mystery to many. While some see its authoritarian system as its biggest weakness, others see it as a major contributor to its impressive achievements.

#4 China’s economic performance after Deng Xiaoping opened up the economy in 1980 was extraordinary, and the country grew rapidly for three decades. But the recent economic slowdown has generated widespread concerns about the country’s prospects.

• Language: English
• Publisher: IRB Media
• Release date: Feb 25, 2022
• ISBN: 9781669353539

IRB Media

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Insights on Yukon Huang's Cracking the China Conundrum

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 11

Insights from Chapter 1

#1

China’s rise is challenging the world’s geopolitical balance of power, and many see it as a threat to the established international order and Western democratic traditions. But many economists and financial experts struggle to understand China’s economy because there is no agreed-upon analytical framework.

#2

Because China is a continental economy, regional and spatial factors affect economic outcomes in ways that traditional macroeconomic indicators do not easily capture. Thus, observers often simplify when a more holistic approach is more appropriate.

#3

China’s economic rise has been a mystery to many. While some see its authoritarian system as its biggest weakness, others see it as a major contributor to its impressive achievements.

#4

China’s economic performance after Deng Xiaoping opened up the economy in 1980 was extraordinary, and the country grew rapidly for three decades. But the recent economic slowdown has generated widespread concerns about the country’s prospects.

#5

China’s economic rise was largely seen as a positive outcome that buoyed up exports from commodity-producing nations in South America and Africa as well as Asian economies that specialized in high-tech components to be assembled in China for European and American markets. But China’s position changed dramatically after the 2008 financial crisis.

#6

China's GDP growth rate of 6. 7 percent in 2016 hit a twenty-five-year low, yet it was still higher than any other major economy aside from India. And over the past decade and a half, China's growth record has been more stable and robust than other major emerging market economies.

#7

The United States has negative feelings about China, as do many European countries. This is because they believe that China is already the leading economic power, while the rest of the world believes that the United States is still on top.

#8

The debate over whether a market- or state-led system is more growth enhancing became more serious after the AFC in the late 1990s, when China’s growth skyrocketed. Many believed that China would suffer in the aftermath of the AFC, even if it was not among the most severely