This book highlights the difficult policy choice that must ultimately be made during China's structural reform according to the theory of the Impossible Trinity, between exchange rate and monetary policy autonomy.

The fear that China's competitive stress would trigger another Asian crisis, as China gobbles up foreign demand and capital at the expense of Asia, is flawed. This book seeks to analyze and dispel the myths behind the political rhetoric of the China economic threat to the global economy, and to identify the real risk for Asia behind the perceived China threat. The book combines rigorous research thoughts, data, facts and economic logic with real world examples and anecdotes to elaborate the arguments. Conventional thinking is debunked and the findings are provocative and irresistible.

Those who study China's domestic economics tend to focus on its businesses, industries, supply chains, and energy market disruption through anecdotal case studies, which often point to impending collapse. This hardly squares with the dominant views of international relations scholarship, much of which focuses on system-level analyses and tends to predict that China will inevitably achieve ever-greater global power. It is no wonder that so many long-held assumptions about China have an air of paradox to them. Here Chi Lo presents the first full-length study to bring systemic analyses into dialog with domestic analyses, and in so doing, to show how each can challenge or refine the assumptions of the other. Taking on key presuppositions about the resilience (or otherwise) of China's economic fundamentals, and explaining why much of the global "common sense" about China is misinformed, this book applies evidence-based research to provide a novel picture of China's development and its place within the global economic system. China's Global Disruption: Myths and Reality is a must-read for students and researchers in both international studies and economics, and it is of keen interest to policymakers and practitioners concerned with China's ever-evolving place within the international political economy.

The biggest causes of dissatisfaction in the current analysis of China's mega trends is the lack of serious economic research effort. This has resulted in confusion and misunderstanding about the development and direction of mega trends and blind acceptance of these trends. This all leads to potentially erroneous business and policy decisions and reactions to the emergence of China. This new book examines the structural forces behind mega trends in China, refuting conventional wisdom and demystifying media and market hype. It aims to bridge the gap between the East and the West, and academic and market studies of China by examining China's macroeconomic mega trends through the lens of rigorous economic research and evidence and taking a critical approach to question and assess the evolution of these mega trends. Coverage of China's mega trends in this book is not meant to be exhaustive, as new trends will emerge over time and the existing trends will keep on evolving.

The fear that China's competitive stress would trigger another Asian crisis, as China gobbles up foreign demand and capital at the expense of Asia, is flawed. This book analyzes and dispels the myths behind the political rhetoric of the China economic threat to the global economy, and identifies the real risk for Asia behind the perceived China threat. The book combines rigorous research thoughts, data, facts and economic logic with real-world examples and anecdotes to elaborate the arguments. Conventional thinking is debunked and the findings are provocative and irresistible.

China has a leading edge over the advanced countries in process of digitalisation and has created the world's first central bank digital currency, or CBDC. The business community is well aware of China's role in leading the way in global business disruption and innovation by being fast and first, global and local, and by investing in e-commerce platforms, big data, 5G network and artificial intelligence applications. Applying economic theories and data analysis, Chi Lo discusses the impact of China's digital disruption to the world's financial systems, trade and investment trends, economic policy, regulations and geopolitics. The Digital Renminbi's Disruption analyses the uncharted territories in which world is moving into, such as China's expansion of its digital infrastructure to the developing world and even advanced economies. Unique to this study is the linking of the geopolitical and China's own domestic political developments with China's digitalisation process to articulate the hidden, and often misunderstood, themes and trends both within China and the global system. Exposing hidden trends and systemic flaws and debunking myths, The Digital Renminbi's Disruption contributes to revealing China's digital disruption and leads to a better understanding of upcoming potential volatility in the wake of the unfolding digital revolution.