Red Flags: Why Xi's China Is in Jeopardy

by George Magnus

Overview

Will China rule the world or will its dream turn into a nightmare? George Magnus, the trusted economic commentator on China, provides a penetrating account of the threats to China's continued rise.

Over the past four decades, China's remarkable transformation has garnered admiration but also sparked concern. Magnus draws on his intimate knowledge of this dynamic nation to uncover the origins of its ascent and show why the economic traps it faces at home, and the political challenges it faces abroad, pose a serious threat to its continued rise.

President Xi, possibly now leader for life, is determined to realize the Chinese Dream of rejuvenating the nation and consigning to history the "century of humiliation." But Magnus warns that the Middle Kingdom's future rests on the willingness of its leader to embrace reform and open up, a philosophy that is at odds with his actions to date.

Engagingly weaving together economics, politics, and history, Red Flags is an authoritative and lucid account of the troubled times that lie ahead for a nation whose economic fortunes are closely intertwined with our own.

Product Details

ISBN-13:	9781982527778
Publisher:	Blackstone Publishing
Publication date:	10/23/2018
Edition description:	Unabridged
Product dimensions:	5.30(w) x 7.50(h) x (d)

About the Author

George Magnus is an associate at the China Centre at Oxford University, research associate at the School of Oriental and African Studies and former chief economist at UBS. He was featured in the Telegraph as "the man widely acknowledged to have predicted that the US sub-prime mortgage crisis would trigger a global recession." Magnus has written extensively about China in print media including for the Financial Times, Bloomberg View, and Prospect magazine, and is regularly asked to speak on radio and TV.

Derek Perkins is a professional narrator and voice actor. He has earned numerous AudioFile Earphones Awards and the prestigious Audie Award for Best Narration. Augmented by a knowledge of three foreign languages and a facility with accents, he has narrated numerous titles in a wide range of fiction and nonfiction genres.

Table of Contents

Introduction1 Echoes2 From Mao to Modernity3 The End of Extrapolation: Rebalancing and Reform4 Debt Trap5 Renminbi Trap6 Demographic (Ageing) Trap7 Middle-Income Trap8 Trade Dogs of War9 The East Wind Prevails Over the West Wind10 Xi Jinping's China

Editorial Reviews

A comprehensive and valuable survey of the threats facing China’s economy.”—Edward Chancellor, Wall Street Journal

“George Magnus offers a forensic take on why the Chinese economy will continue to be bedevilled by politics and why it matters.”—Isabel Hilton, New Statesman

“Red Flags lands with exquisite timing"—Richard McGregor, Financial Times

"For insight into the dilemmas and decisions China’s leaders, notably Xi Jinping, will face in the next decades, it would be hard to beat Red Flags."—Diane Coyle, author of GDP: A Brief but Affectionate History

"An excellent, tightly argued and fluently written analysis of the challenges that lie behind the China Dream."—Jonathan Fenby, author of Will China Dominate the 21st Century?


"An immensely important and powerful book from one of our premier commentators on economics."—Rana Mitter, author of China’s War with Japan, 1937–1945

"A nuanced, historically informed and highly readable account of why we should never be complacent about the People’s Republic."—Kerry Brown, author of CEO, China

"Compelling, ominous and thought-provoking, George Magnus has written a book that should be essential reading for anyone trying to make sense of what is happening in China— and why it will have a global impact."—Peter Frankopan, author of The Silk Roads

From the Publisher