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Author : Stewart Paterson Publisher : London School of Economics and Political Science Page : 176 pages File Size : 41,6 Mb Release : 2018-10-18 Category : China ISBN : 1907994815
From a Western point of view, the policy of economic engagement with China has failed. A rapid rise in living standards in China has helped legitimize and strengthen the Chinese Communist Party's power. How did Western, market-orientated, property-owning, liberal democracies go from being in a position of complete global hegemony in the early 1990s to the current crisis of confidence and loss of moral foundation? This book tells the story of the most successful trading nation of the early twenty-first century. It looks at how the Communist Party of China has retained and cemented its monopoly on political power since China's accession to the World Trade Organization in December 2001. It is the most extraordinary economic success story of our time and it has reshaped the geopolitics not just of Asia but of the world. As China has come to dominate global manufacturing, its economic power has been translated into political power, and the West now has a global rival that is politically antithetical to liberal values. The supply-side deflation from allowing 750 million low-cost workers into the global trading system combined with the policy of inflation targeting by Western central banks has led to falling real incomes for many in the West and rising asset prices that have benefited the few. Worse still, China's mercantilist model is now held up as a viable economic alternative. To have a fighting chance of protecting the freedoms of liberal democracies, it is of the utmost importance that we understand how the policy of indulgent engagement with China has affected Western society in recent years. Only then can the global trading system be reoriented for the mutual benefit of all nations.
Author : Ernest R. May,John King Fairbank Publisher : Harvard Univ Asia Center Page : 420 pages File Size : 50,8 Mb Release : 1986 Category : Business & Economics ISBN : 0674030753
America's China Trade in Historical Perspective by Ernest R. May,John King Fairbank Pdf
This volume explores commercial relations between the United States and China from the eighteenth century until 1949, fleshing out with facts the romantic and shadowy image of "the China trade." These nine chapters by specialists in the field have developed from papers they presented at a conference supported by the national Committee on American-East Asian Relations. The work begins with an Introduction by John K. Fairbank, then moves on to analysis of the old China trade up to the American Civil War, centering on traditional Chinese exports of tea and silk. A second section deals with American imports into China--cotton textiles and textile-related goods, cigarettes, kerosene. Finally, the impact of the trade on both countries is assessed and the operations of American-owned and multinational companies in China are examined. For both the United States and China, the economic importance of the trade proves to have been less than the legend might suggest.
Author : Paul A. Van Dyke Publisher : Hong Kong University Press Page : 674 pages File Size : 40,5 Mb Release : 2011-10-01 Category : History ISBN : 9789888028917
Merchants of Canton and Macao by Paul A. Van Dyke Pdf
Paul Van Dyke works in many languages and archives to uncover the history of Peark River trade. This two-volume work is likely to be the most definitive reference work on the major trading families of Guangzhou. Organized as a series of family studies, this first volume includes exhaustive profiles of nine of the dominant hongs and their founding patriarchs for which good information survives: Tan Suqua, Tan Hunqua, Cai and Qiu, Beaukeequa, Yan, Mandarin Quiqua, Ye and Tacqua Amoy, Zhang, and Liang.
Author : Dael A. Norwood Publisher : University of Chicago Press Page : 279 pages File Size : 42,8 Mb Release : 2022-01-18 Category : History ISBN : 9780226815596
Explores the surprisingly rich early history of US-China trade and its unexpected impact on the developing republic. The economic and geographic development of the early United States is usually thought of in trans-Atlantic terms, defined by entanglements with Europe and Africa. In Trading Freedom, Dael A. Norwood recasts these common conceptions by looking to Asia, making clear that from its earliest days, the United States has been closely intertwined with China—monetarily, politically, and psychologically. Norwood details US trade with China from the late eighteenth through the late nineteenth centuries—a critical period in America’s self-definition as a capitalist nation—and shows how global commerce was central to the articulation of that national identity. Trading Freedom illuminates how debates over political economy and trade policy, the building of the transcontinental railroad, and the looming sectional struggle over slavery were all influenced by Sino-American relations. Deftly weaving together interdisciplinary threads from the worlds of commerce, foreign policy, and immigration, Trading Freedom thoroughly dismantles the idea that American engagement with China is anything new.
Methodical and inquisitive, Cushman explores Chinese junk trade with Siam over two centuries. In the course of her analysis, the author illuminates significant aspects of China's economic development, the implementation of commercial policies by the two nations, and concepts of trade in the east and southeast of Asia.
Author : Lawrence J. Lau Publisher : The Chinese University Press Page : 216 pages File Size : 52,8 Mb Release : 2018-12-14 Category : Political Science ISBN : 9789882371125
The China-U.S. Trade War and Future Economic Relations by Lawrence J. Lau Pdf
The relation between China and the United States is arguably the most important bilateral relation in the world today. The U.S. and China are respectively the largest and the second largest economies in the world. They are also respectively the largest and the second largest trading nations in the world as well as each other’s most important trading partner. If China and the U.S. work together as partners towards a common goal, many things are possible. However, there exist significant friction and potential conflict in their economic relations. The large and persistent U.S.-China bilateral trade deficit is one of the problems. It is essential to know the true state of the China-U.S. trade balance before effective solutions can be devised to narrow the trade surplus or deficit. The impacts and potential impacts of the 2018 trade war between China and the U.S. on the two economies are analysed and discussed. The longterm forces that underlie the economic relations between the two countries beyond the 2018 trade war are examined. In this connection, how a “new type of major-power relation” between the two countries can help to keep the competition friendly and avert a war between them is explored. ~~~~~~~~ Lawrence J. Lau’s timely The China-U.S. Trade War and Future Economic Relations is full of careful analysis, penetrating insight and helpful suggestions from the world’s preeminent economist on this relationship. —Michael J. Boskin Tully M. Friedman Professor of Economics, Stanford University Former Chair, U.S. President’s Council of Economic Advisers This sober and systematic study of U.S.-China trade relations and of technological development in the two countries is particularly timely. Lawrence Lau is one of the world’s foremost economists working on these issues. —Dwight H. Perkins Harold Hitchings Burbank Professor of Political Economy, Emeritus Former Chair, Department of Economics, Harvard University This is a timely and penetrating analysis of the China-U.S. trade and economic relations, from its origins to its impacts and to a way forward. —Yingyi Qian Chairman of the Council, Westlake University Former Dean, School of Economics and Management, Tsinghua University Counsellor of the State Council, People’s Republic of China Lawrence Lau’s book on the current U.S.-China trade war is insightful, balanced and comprehensive; rich in data on trade, investment, science and technology. It is essential reading for anyone who wants to get past the headlines. —A. Michael Spence Nobel Laureate in Economic Sciences (2001) Senior Fellow, The Hoover Institution, Stanford University Lawrence Lau brings light in the form of rigorous honest fact-based economic analysis to a subject where most of the discussion has been heated bluster, false claims, and political rhetoric. —Lawrence H. Summers Former U.S. Secretary of the Treasury; Former President, Harvard University There is no topic more important, or more timely, or more urgent, than the China-U.S. trade war. Professor Lau is the ideal person to write about the implications of the China-U.S. trade war and the proposed resolution. —Tung Chee-Hwa Vice-Chairman, Chinese People’s Political Consultative Conference National Committee Chairman, China-U.S. Exchange Foundation The history of Sino-American relations, to a great extent, has been a shared history. Lawrence Lau’s timely and penetrating study will tell us it is still in best interest for both countries if they continue to pursue a shared journey and destination instead of parting ways. —Xu Guoqi Kerry Group Professor in Globalization History, The University of Hong Kong Author of Chinese and Americans: A Shared History This beautifully composed book uses nontechnical language to unravel the intricacies of the 2018 U.S.-China trade war, together with its long-term impact. I learned a lot from reading it. —Chen-Ning Yang Nobel Laureate in Physics (1957)
There’s no question, compared to the advanced economies China’s economic growth rates have been spectacular, but in most instances the economic analysts tend to forget that a large part of China’s growth has been dictated by government industrial subsidies. How did China go from a bit player overnight to the largest exporter in the world in capital-intensive industries? This book shows that government subsidies play a big part in China’s success. Government subsidies include those to basic industries: energy (coal, electricity, natural gas and heavy oil), steel, glass, paper, auto parts, solar and more. A lot has been written about China’s trade practices with the West, but none of this work addresses the real unsustainable dilemma. Much of the current literature discusses the problems but doesn’t explain the root cause of China’s lopsided trade practices with the West or explain in detail how China finances its government subsidies, with nothing written that explains that China’s subsidized exports to the United States and European Union are basically self-funded by its enormous trade surplus with the West. A trade surplus represents a net inflow of domestic currency from foreign markets and is the opposite of a trade deficit, which would represent a net outflow. Moreover, this is the only book that describes China’s current trade practices with the West as a zero sum game at the expense of the West. This book provides two solutions to this endless quagmire: an increase in Western exports to China so that China and the West have more of an equal trade balance, or a very steep reduction of China’s exports to the West.
The Political Logic of the US–China Trade War by Shiping Hua Pdf
This is the first comprehensive study by the world’s leading scholars about the political logic of the U.S.-China trade war that started during the Trump administration. The book is divided into three parts. The first part looks at changed leadership styles of the two countries in the last few years. It also examines the liberal international order since World War II in which the trade war emerged. It then explores the theoretical perspectives from both the United States and China that are related to the trade war. The second part is about the domestic factors that impacted on the trade war from China’s perspective. These factors include China’s institutional adaptation of the new international environment, the radicalization of the Chinese political discourse, and Big Power Diplomacy. The third part explores the U.S. domestic factors that impacted the trade war, such as the Trump administration’s different China policy in general, the role played by the U.S. Congress, business lobby, and the transition of foreign policy from a Wilsonian World Order to Jacksonian Nationalism.
China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad – for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies – a cheap currency and heavy-handed state intervention – that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.
Author : Paul A. Van Dyke Publisher : Hong Kong University Press Page : 532 pages File Size : 47,5 Mb Release : 2018-02-27 Category : History ISBN : 9789888139323
Merchants of Canton and Macao by Paul A. Van Dyke Pdf
Merchants were central to the huge growth in China’s foreign trade and contributed to the development of world markets and networks. Merchants of Canton and Macao: Success and Failure in Eighteenth-Century Chinese Trade brings together much new research about the inner workings of the merchants of Canton and Macao. The book studies in detail the leading Chinese merchants and merchant families as well as the porcelain and silk trades. By examining the successes and failures of dozens of Chinese merchants involved in foreign trade, it provides fresh insights into China’s unique form of capitalism and her role in the rise of global commerce. Van Dyke’s conclusions on the nature of Qing policy towards foreign trade are bold, original and supported by intensive research. In contrast to the traditional focus on British and American trade, his research draws on archives in multiple languages, spread around the world. ‘Like its predecessor, this volume offers a detailed and vivid reconstruction of business practices based on a remarkable collection of archival sources in Chinese and diverse European languages. It will be especially welcome by economic historians as well as anyone who wants to understand global history as it played out in a particular place.’ —R. Bin Wong, Distinguished Professor of History and director of the Asia Institute, UCLA ‘Once again Paul Van Dyke has plumbed the depths of the archives to provide us with an extraordinary catalogue of the activities of European and Chinese traders during the heyday of the Canton trade. In this second volume of his encyclopedic study, Van Dyke focuses in detail on the transactions that took place between foreign private and company traders and Chinese licensed merchants.’ —Madeleine Zelin, Dean Lung Professor of Chinese Studies, Columbia University ‘This is a great study which will be the ultimate work on the subject for many years to come. It is as complete as the available documentation at present makes possible; it is concise, well organized and the subject is researched with great thoroughness.’ —Christiaan Jörg, author of Porcelain and the Dutch China Trade
This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1977.
Diplomacy and Trade in the Chinese World, 589-1276 by Hans Bielenstein Pdf
Covering the period from the establishment of Sui to the fall of Southern Sung, this volume for the first time gives a full, carefully arrranged overview of China’s diplomatic and trade relations with its major and minor Asian neighbours, and the practical background to the missions.