Over the last thirty years, China has been reforming its economy at breakneck speed. In this crucial time of reformation, China's growth model is likely to be very effective in coping with today's economic requirements; but the reform policy implemented by China's leaders is facing increased opposition, and the surge in nationalism is threatening China's relations with its neighbours and its rise to regional leadership. In the aftermath of the worldwide financial crisis, China has emerged as the second largest economy soon to overtake the USA, but the crisis has also emphasized the reliance of China's economy on the developed market and the subsequent decreasing growth rate. The Chinese growth model is now reaching the social and political institutions, which represent the very core of the system.
In this book, Dominique de Rambures begins by shedding light on the socialist market economy in China, before exploring the unbalanced growth and incomplete nature of the country's banking and financial reform. The book goes on to explore the growing inequalities of the new model, and to highlight the relationship between foreign policy and growth. Moving backward and forward to the past Empire and the future of the 'red' dynasty, this in-depth study addresses a wide range of factors influencing the development of China's model and its influence on the rest of the world. This book will be a vital source for students and academics in relevant subjects, and valuable to anyone with an interest in Chinese history, finance and economics.