Cracking the China Conundrum: Why Conventional Economic Wisdom Is Wrong

Yukon Huang

2023-06 · Tantor Media Inc · Skaito James Sie

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China's rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China's economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues. Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China's economy. Huang explains that misconceptions arise in part because China's economic system is unprecedented in many ways-namely because it's driven by both the market and state-which complicates the task of designing accurate and adaptable analysis and research. Further, China's size, regional diversity, and uniquely decentralized administrative system poses difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China's economic state accurately. This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China's economic environment.

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Yukon Huang is a Senior Fellow in the Asia Program at Carnegie Endowment for International Peace. He has formerly been the World Bank director for China and Russia, advisor to the World Bank and Asian Development Bank, a featured commentator on China for the Financial Times, a US Treasury official, and economics professor.

James Sie has been creating voices for animation since 1999, when a chance audition landed him the title role in Jackie Chan Adventures. Since then he has worked steadily, supplying voices for television, movies, and games. James is also the author of two novels, All Kinds of Other and Still Life Las Vegas.