China's Reform Puzzle -- Financial Fragility Revisited -- Creative Destruction of the State -- Ageing Population -- What's New? -- Socio-economic Disintegration -- Myth and Truth -- Sustainable Growth or Dead Cat Bounce? -- Policy Vision and Inspirations -- Steps to the Future
Summary
China's economic ascent has come to crossroads. The easy part of reforming the economy from a primitive base has been done. Crosscurrents against further structural changes are getting stronger; the political and economic forces that shape future reforms are getting more complicated. The forces that drive China's economic future may not have been properly understood. Many people tend to dwell on China's past glory and problems. They fail to spot the underlying economic dynamism, which is only reflected by subtle changes at the margin of the system and, thus, has not yet been filtered into the mainstream thinking. Cutting through hype and bias and provoking thoughts outside the box, this book seeks to inspire further research on better understanding China's growth dynamics, anatomise the driving forces that will shape China's economic future and provide the intellectual ingredients for a healthy debate on China's economic impact on the world economy
