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The Myth of China's Rise: Globalization and the WTO

By (author) Jianyong Yue

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| book description |

Likely to become the world s largest economy by 2020, China now claims the highest GDP in the world yet its per capita wealth remains amongst the lowest. For economists, such indicators suggest that China may not be the success story it seems. In his new book, Jianyong Yue argues that China has experienced a technology-less revolution, struggling to match developed countries on wealth creation, the consolidation of a property-owning middle class, education and entrepreneurialism. The Myth of China s Rise unveils the structure of China s financial system since joining the World Trade Organization in 2001, and, beginning with Deng Xiaoping s reforms, demonstrates the necessity of re-evaluating China s modern economic history from a position of scepticism. In examining its rapid progress into full-scale economic development, the author analyses the nation s political and social progress to interpret China s underlying economic problems.