Book Introduction

China’s Economy: What Everyone Needs to Know by Arthur R. Kroeber provides a concise overview of China’s rapid economic transformation since the 1980s, highlighting:

Economic Reforms & Growth‌: The shift from Mao-era stagnation to market-oriented policies under Deng Xiaoping, driven by manufacturing, infrastructure, and foreign investment, lifting 700 million out of poverty‌.
Contradictions‌: While becoming the world’s second-largest economy, China faces environmental degradation, income inequality, and authoritarian governance‌.
Global Impact‌: Its role as a top trader, investor, and holder of U.S. debt, alongside volatile financial markets‌.

The book avoids complex jargon, making it accessible to non-economists‌.

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China’s Economy What Everyone Needs to Know by Arthur R. Kroeber