Summary of Yukon Huang's Cracking The China Conundrum

Please note: This is a companion version & not the original book. Sample Book Insights: #1 China’s rise is challenging the world’s geopolitical balance of power, and many see it as a threat to the established international order and Western democratic traditions. But many economists and financial experts struggle to understand China’s economy because there is no agreed-upon analytical framework. #2 Because China is a continental economy, regional and spatial factors affect economic outcomes in ways that traditional macroeconomic indicators do not easily capture. Thus, observers often simplify when a more holistic approach is more appropriate. #3 China’s economic rise has been a mystery to many. While some see its authoritarian system as its biggest weakness, others see it as a major contributor to its impressive achievements. #4 China’s economic performance after Deng Xiaoping opened up the economy in 1980 was extraordinary, and the country grew rapidly for three decades. But the recent economic slowdown has generated widespread concerns about the country’s prospects.