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Red Flags: Why Xi's China Is in Jeopardy

Red Flags: Why Xi's China Is in Jeopardy

by George Magnus


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A trusted economic commentator provides a penetrating account of the threats to China's continued economic rise

Under President Xi Jinping, China has become a large and confident power both at home and abroad, but the country also faces serious challenges. In this critical take on China’s future, economist George Magnus explores four key traps that China must confront and overcome in order to thrive: debt, middle income, the Renminbi, and an aging population. Looking at the political direction President Xi Jinping is taking, Magnus argues that Xi’s authoritarian and repressive philosophy is ultimately not compatible with the country’s economic aspirations.
Thorough and well researched, the book also investigates the potential for conflicts over trade, China’s evolving relationship with Trump, and the country’s attempt to win influence and control in Eurasia through the Belt and Road initiative.

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Product Details

ISBN-13: 9780300246636
Publisher: Yale University Press
Publication date: 10/15/2019
Edition description: Reprint
Pages: 248
Sales rank: 601,498
Product dimensions: 5.10(w) x 7.70(h) x 1.00(d)

About the Author

George Magnus is an associate at the China Centre at Oxford University, a research associate at the School of Oriental and African Studies, and former chief economist of UBS. He has written extensively about China in the Financial Times, Prospect, and other economic and financial publications.

Table of Contents

Acknowledgements viii

Introduction 1

1 Echoes 14

2 From Mao to Modernity 30

3 The End of Extrapolation: Rebalancing and Reform 53

4 Debt Trap 75

5 Renminbi Trap 97

6 Demographic (Ageing) Trap 112

7 Middle-Income Trap 130

8 Trade Dogs of War 155

9 The East Wind Prevails Over the West Wind 173

10 Xi Jinping's China 192

Endnotes 207

Select Bibliography 218

Index 220

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