But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc." China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.

    To carry out President Xi Jinping’s flagship foreign-policy effort, China promises to spend over one trillion dollars for new ports, railways, fiber-optic cables, power plants, and other connections. The plan touches more than one hundred and thirty countries and has expanded into the Arctic, cyberspace, and even outer space. Beijing says that it is promoting global development, but Washington warns that it is charting a path to global dominance. Taking readers on a journey to China’s projects in Asia, Europe, and Africa, Jonathan E. Hillman reveals how this grand vision is unfolding. As China pushes beyond its borders and deep into dangerous territory, it is repeating the mistakes of the great powers that came before it, Hillman argues. If China succeeds, it will remake the world and place itself at the center of everything. But Xi may be overreaching: all roads do not yet lead to Beijing.“A reality check on Beijing’s global infrastructure project.”—Peter Neville-Hadley, South China Morning Post"For all the hype and hand-wringing over how the [Belt and Road] could usher in the Chinese century, Hillman’s engaging mix of high-level analysis and fieldwork in more than a dozen countries paints a much more nuanced picture."—Keith Johnson, Foreign Policy

    That enemy is China, a country that invented totalitarianism thousands of years ago whose economic power rivals our own that believes its superior race and culture give it the right to universal deference that teaches its people to hate America for standing in the way of achieving its narcissistic "dream" of world domination that believes in its manifest destiny to usher in the World of Great Harmony which publishes maps showing the exact extent of the nuclear destruction it could rain down on the United States  Steven Mosher exposes the resurgent aspirations of the would-be hegemon–and the roots of China's will to domination in its five-thousand-year history of ruthless conquest and assimilation of other nations, brutal repression of its own people, and belligerence toward any civilization that challenges its claim to superiority.The naïve idealism of our "China hands" has lulled America into a fool's dream of "engagement" with the People's Republic of China and its "peaceful evolution" toward democracy and freedom. Wishful thinking, says Mosher, has blinded us to the danger we face and left the owlrd vulnerable to China's overweening ambitions.Mosher knows China as few Westerners do. Having exposed as a visiting graduate student the monstrous practice of forced abortions, he became the target of the regime's crushing retaliation. His encyclopedic grasp of China's history and its present-day politics, his astute insights, and his bracing realism are the perfect antidote for our dangerous confusion about the Bully of Asia.

    Invaded, humiliated and looted, China nonetheless kept its sovereignty. Robert Bickers' major new book is the first to describe fully what has proved to be one of the modern era's most important stories: the long, often agonising process by which the Chinese had by the end of the 20th century regained control of their own country.Out of China uses a brilliant array of unusual, strange and vivid sources to recreate a now fantastically remote world: the corrupt, lurid modernity of pre-War Shanghai, the often tiny patches of 'extra-territorial' land controlled by European powers (one of which, unnoticed, had mostly toppled into a river), the entrepôts of Hong Kong and Macao, and the myriad means, through armed threats, technology and legal chicanery, by which China was kept subservient. Today Chinese nationalism stays firmly rooted in memories of its degraded past - the quest for self-sufficiency, a determination both to assert China's standing in the world and its outstanding territorial claims, and never to be vulnerable to renewed attack. History matters deeply to Beijing's current rulers - and Out of China explains why.

    Applying the logic of strategy for which he is well known, Luttwak argues that the most populous nation on Earth and its second largest economy may be headed for a fall.For any country whose rising strength cannot go unnoticed, the universal logic of strategy allows only military or economic growth. But China is pursuing both goals simultaneously. Its military buildup and assertive foreign policy have already stirred up resistance among its neighbors, just three of whom India, Japan, and Vietnam together exceed China in population and wealth. Unless China's leaders check their own ambitions, a host of countries, which are already forming tacit military coalitions, will start to impose economic restrictions as well.Chinese leaders will find it difficult to choose between pursuing economic prosperity and increasing China's military strength. Such a change would be hard to explain to public opinion. Moreover, Chinese leaders would have to end their reliance on ancient strategic texts such as Sun Tzu's "Art of War". While these guides might have helped in diplomatic and military conflicts within China itself, their tactics such as deliberately provoking crises to force negotiations turned China s neighbors into foes. To avoid arousing the world's enmity further, Luttwak advises, Chinese leaders would be wise to pursue a more sustainable course of economic growth combined with increasing military and diplomatic restraint.

    Policies governing everything from trade and investment to energy and exchange rates are wielded as tools to win diplomatic allies, punish adversaries, and coerce those in between. Not so in the United States, however. America still too often reaches for the gun over the purse to advance its interests abroad. The result is a playing field sharply tilting against the United States.In a cogent analysis of why the United States is losing ground as a world power and what it can do to reverse the trend, War by Other Means describes the statecraft of geoeconomics: the use of economic instruments to achieve geopolitical goals. Geoeconomics has long been a lever of America’s foreign policy. But factors ranging from U.S. bureaucratic politics to theories separating economics from foreign policy leave America ill prepared for this new era of geoeconomic contest, while rising powers, especially China, are adapting rapidly. The rules-based system Americans set in place after World War II benefited the United States for decades, but now, as the system frays and global competitors take advantage, America is uniquely self-constrained. Its geoeconomic policies are hampered by neglect and resistance, leaving the United States overly reliant on traditional military force.Drawing on immense scholarship and government experience, Robert Blackwill and Jennifer Harris show that if America’s policies are left uncorrected, the price in American blood and treasure will only grow. What geoeconomic warfare requires is a new vision of U.S. statecraft.

    The Soothing Scenario contends that the successful spread of capitalism will gradually bring about a development of democratic institutions, free elections, independent judiciary, and a progressive human rights policy. In the Upheaval Scenario, the contradictions in Chinese society between rich and poor, between cities and the countryside, and between the openness of the economy and the unyielding Leninist system will eventually lead to a revolution, chaos, or collapse. Against this backdrop, Mann poses a third scenario and asks, What will happen if Chinese capitalism continues to evolve and expand but the government fails to liberalize? What then and why should this third scenario matter to Americans? Mann explores this alternate possibility and—in this must-read book for anyone interested in international politics—offers a startling vision of our future with China that will have a profound impact for decades to come.

    Wearied by eight years in the bond market and disillusioned by the financial services profession, he decides to get an “honest job” for a change. Before he knows what hit him, Jimmy finds himself waiting on tables of barflies at his local Waffle House.Amidst the glorious chaos of the night shift, the 24-hour diner affords a bevy of comedic experiences as the author struggles to ingratiate himself with a motley crew of waiters and cooks.Unexpectedly, the restaurant also becomes a font of insight into financial markets and the human condition.In a uniquely hilarious and thought-provoking narrative, Waffle Street unravels the enigmas of money, banking, economics, and grits once and for all. As they laugh heartily at the author’sexpense, readers will develop a profound appreciation for the first principle of economics: there really is no such thing as a free lunch.

    

    Bill Hayton tells the story of how ‘China’ came to think of itself as China—​and what it means for our world today In this compelling and highly-readable account, Hayton shows how China’s present-day geopolitical problems—the fates of Hong Kong, Taiwan, Tibet, Xinjiang, and the South China Sea—were born in the struggle to create a modern nation-state. He brings alive the fevered debates of the late nineteenth and early twentieth centuries, when reformers and revolutionaries adopted foreign ideas to “invent’ a new vision of China. Ranging across history, nationhood, language, and territory, Hayton shows how a few radicals, often living in exile, adopted European beliefs about race and nation to rethink China’s past and create a new future. He weaves together political and personal stories to show how Chinese nationalism emerged from the connections between east and west. These ideas continue to motivate and direct the country’s policies into the twenty first century. By asserting a particular version of the past Chinese governments have bolstered their claims to a vast territory stretching from the Pacific to Central Asia.

    Anyone wanting a primer on the secret of China's economic success need look no further than China Development Bank (CDB)--which has displaced the World Bank as the world's biggest development bank, lending billions to countries around the globe to further Chinese policy goals. In "China's World Bank," Bloomberg authors Michael Forsythe and Henry Sanderson outline how the bank is at the center of China's domestic economic growth and how it is helping to expand China's influence in strategically important overseas markets.100 percent owned by the Chinese government, the CDB holds the key to understanding the inner workings of China's state-led economic development model, and its most glaring flaws. The bank is at the center of the country's efforts to build a world-class network of highways, railroads, and power grids, pioneering a lending scheme to local governments that threatens to spawn trillions of yuan in bad loans. It is doling out credit lines by the billions to Chinese solar and wind power makers, threatening to bury global competitors with a flood of cheap products. Another $45 billion in credit has been given to the country's two biggest telecom equipment makers who are using the money to win contracts around the globe, helping fulfill the goal of China's leaders for its leading companies to "go global."Bringing the story of China Development Bank to life by crisscrossing China to investigate the quality of its loans, "China's World Bank" travels the globe, from Africa, where its China-Africa fund is displacing Western lenders in a battle for influence, to the oil fields of Venezuela.Offers a fascinating insight into the China Development Bank (CDB), the driver of China's rapid economic developmentTravels the globe to show how the CDB is helping Chinese businesses "go global"Written by two respected reporters at Bloomberg NewsAs China's influence continues to grow around the world, many people are asking how far it will extend. "China's World Bank" addresses these vital questions, looking at the institution at the heart of this growth.

    After seventy-five years of peace in the Pacific, a new challenger to American power has emerged, on a scale not seen in generations. Working from a deep sense of national destiny, the Chinese Communist Party is guiding a country of 1.4 billion people towards what it calls "the great rejuvenation of the Chinese nation," and, with it, the end of an American-led world. Will this generation witness the final act for America as a superpower? Can American ingenuity, confidence, and will power outcompete the long-term strategic thinking and planning of China's Communist Party? These are the challenges that will shape the next decade and more. China's Vision of Victory brings the reader to a new understanding of China's planning, strategy, and ambitions. From seabed to space, from Africa to the Arctic, from subsurface warfare to the rise of China's global corporations, this book will illuminate for the reader the new great game of our lifetimes, and how our adversary sees it all.

    Thomas Piketty’s Capital in the Twenty-First Century makes a powerful case that wealth, and accumulated wealth, tends to stay where it lands: and with the passage of time, just gets bigger…and bigger.But how many of us who bought or borrowed the book–or even, perhaps, reviewed it–have read more than a fraction of its 696 pages? How many more shuddered at the thought of committing $40 to such a venture? And how many of Piketty’s groundshaking concepts have gone unappreciated, all for want of intellectual stamina?Deliverance is at hand in the form of Pocket Piketty, written in clear and accessible prose by an experienced economist and teacher–and one whose work was relied on by Piketty for his masterpiece. In this handy and slim volume, Jesper Roine explains all things Piketty.

    Core factors that characterized it-political stability, ideological openness, and rapid economic growth-are unraveling. Since the 1990s, Beijing's leaders have firmly rejected any fundamental reform of their authoritarian one-party political system, and on thesurface, their efforts have been a success. But as Carl Minzner shows, a closer look at China's reform era reveals a different truth. Over the past three decades, a frozen political system has fueled both the rise of entrenched interests within the Communist Party itself, and the systematicunderdevelopment of institutions of governance among state and society at large. Economic cleavages have widened. Social unrest has worsened. Ideological polarization has deepened. Now, to address these looming problems, China's leaders are progressively cannibalizing institutional norms andpractices that have formed the bedrock of the regime's stability in the reform era. End of an Era explains how China arrived at this dangerous turning point, and outlines the potential outcomes that could result.

    China's challenge to the West stems from its transformative brand of capitalism and an entirely different conception of the international community.Taking us on a whirlwind tour of China in the world—from dictators in Africa to oligarchs in Southeast Asia to South American strongmen—Halper demonstrates that China's illiberal vision is rapidly replacing that of the so-called Washington Consensus. Instead of promoting democracy through economic aid, as does the West, China offers no-strings-attached gifts and loans, a policy designed to build a new Beijing Consensus.The autonomy China offers, together with the appeal of its illiberal capitalism, have become the dual engines for the diffusion of power away from the West. The Beijing Consensus is the one book to read to understand this new Great Game in all its complexity.