This book is a collection of essays from MacroPolo, the think tank of the Paulson Institute in Chicago. The picture of China that emerges in this volume is one built from the ground up, across economics, politics, and technology. In addition, because China’s rise has important global dimensions, a US-China section composed of two essays is included, which combine both a macro perspective and a view of the bilateral relationship through the history of a significant multinational firm. Finally, this volume will include an original introduction and conclusion by Damien Ma, editor and co-founder of MacroPolo. The essays are analytically driven and provide novel perspectives, context, granular data, and policy conclusions that get lost in the daily churn of news cycles. None of the essays in this volume focuses on national security or geopolitics. Rather, the volume grapples squarely with how China’s domestic economic, political, and technological developments have transformed not only itself but also the world at large.
Author(s): Damien Ma
Edition: 1st
Publisher: Palgrave Macmillan
Year: 2020
Language: English
Pages: 192
Tags: Macroeconomics: Monetary, Economics: Financial Economics
Acknowledgements......Page 5
Contents......Page 7
Notes on Contributors......Page 9
List of Figures......Page 14
1 Introduction......Page 17
Economy......Page 24
2 Liaoning: The Smothering Effects of Local Protectionism......Page 25
How Protectionism Ruined China’s Once Promising Carmaker......Page 26
How Investment Driven Growth Exacerbated Liaoning’s Protectionism Tendencies......Page 29
Conclusion......Page 31
Full Text......Page 36
Being Unconventional......Page 37
Minimizing Disruption—The Upside of Opacity......Page 38
Minimizing Costs—Passing the Buck......Page 40
Crisis Prevention......Page 41
Managing Liquidity......Page 42
What Could Derail the Deleveraging Effort?......Page 43
Whittling Down the NPL Stock......Page 44
Getting Creative......Page 46
Technology......Page 49
4 Who Loses from Restricting Chinese Student Visas?......Page 50
“Great Move” or “The End of US Tech Supremacy”?......Page 51
Should I Stay or Should I Go: 2019 Edition......Page 52
Students, Technology, and Silicon Valley......Page 53
The Push Back to China......Page 54
The Biggest Loser?......Page 55
Stapling Diplomas......Page 56
Introduction......Page 59
CDMA vs. GSM......Page 61
When Success Comes Back to Bite......Page 65
The “Double Dipping” Fee Structure......Page 66
China’s First Failed Attempt on Standards Setting......Page 70
The 5G Race Is On......Page 72
New Battles on the Horizon......Page 75
Politics......Page 81
6 In Xi We Trust: How Propaganda Might Be Working in the New Era......Page 82
The Organizational Backbone of China’s Hearts and Minds......Page 84
Personnel Changes Important but Expected......Page 85
Significant Propaganda Powers Revert to the Party......Page 87
Hasn’t the Party Always Controlled Propaganda?......Page 88
Show Me the Money......Page 90
New Era, New Oeuvre......Page 93
Propaganda in High Definition......Page 95
Digital Shorts and “Explainers”......Page 96
Does New Era Propaganda Work?......Page 99
Conclusion......Page 101
7 Who Rules China? Comparing Representation on the NPC and Central Committee......Page 109
Geographic Representation8......Page 110
Ethnic Representation13......Page 112
Generational Representation18......Page 113
Conclusion......Page 114
US–China......Page 118
8 Reluctant Stakeholder: Why China’s Highly Strategic Brand of Revisionism Is More Challenging Than Washington Thinks......Page 119
It’s Tough to Critique Another Country’s Obvious Revisionism When You’re a Revisionist Yourself......Page 120
China Is a Revisionist Power but Not a Revolutionary One......Page 121
American Policy Did Not “Mistake” the Implications of China’s Rise......Page 124
Domestically, China’s Leninism Matters; Externally, Its Traditionalism May Matter More......Page 126
China Has Leveraged Pan-Asian Ideas That Others Actually Invented First......Page 129
Whining Isn’t Competing......Page 131
9 For Company and for Country: Boeing and US–China Relations......Page 137
The First Sale: Boeing and Cold War Strategy......Page 139
Flying High: Boeing and Chinese Reforms in the 1980s......Page 141
Part of the Solution......Page 142
A Rising Threat......Page 143
Boeing and a “Long Decade” in US–China Relations from 1989 to 200157......Page 146
New Era, New Paradigm......Page 147
From “Coddling Dictators…”......Page 149
…To Selling America Inc. Around the World......Page 150
Fending off a Rival......Page 151
The WTO Accession......Page 154
Flying Solo: China Dreams of Its Own Jetliner in the 2000s......Page 156
Disrupting the Duopoly?......Page 158
Back to the Future: Boeing and the US–China Trade War......Page 161
A $1 Trillion Market......Page 162
Conclusion......Page 164
10 Conclusion......Page 187
