In The China Paradox: At the Front Line of Economic Transformation,
Harvard University-based historian of modern China and business
strategist Dr. Paul G. Clifford documents the twists and turns of
China's dramatic and unforeseen rise over the last four decades. He
sheds light on the delicate and fragile balance of forces at the
heart of the success of China's hybrid model, explaining how the
ruling Communist Party boldly led the nation's economic reforms as
the surest way to preserve its grip on political power. Five years
after this book was first published, much has changed within China
and in its relationship with the world. This second edition
provides extensive fresh new material. It explains how China has
raised its game, moving from a catch-up mode to technological
innovation in some areas, while still languishing in technology
dependence in other respects. Earlier, China had shown signs that
its driving spirit was faltering with its sails flapping. Under Xi
Jinping, renewed energy has been injected. But at the same time Xi
and his party have strongly reinforced their control across society
and the economy, posing the question of whether Xi's New Era in
fact marks a retreat from the reforms. This second edition contains
two new chapters. One profiles Huawei, a national champion in
advanced technology. Another focuses on China's frictions with the
world which have been fueled by a perception that its technology
progress threatens US global dominance, coupled with China's human
rights record. In addition, against a background of the challenges
faced by Alibaba and other firms, there is analysis of this
watershed in China's private sector's autonomy. There is also
extensive new insight into Xi Jinping's rule. As it celebrates its
100th anniversary in 2021, the Chinese Communist Party displays
strong optimism over its continued governance of China. But that
should not mask the longer-term risks to China's development and
stability if its hybrid model continues to unravel as reforms are
abandoned in favor of heightened autocracy.
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