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Cracking the China ConundrumWhy Conventional Economic Wisdom is Often Wrong$
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Yukon Huang

Print publication date: 2017

Print ISBN-13: 9780190630034

Published to Oxford Scholarship Online: July 2017

DOI: 10.1093/oso/9780190630034.001.0001

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Conclusion—Cracking the China Conundrum

Conclusion—Cracking the China Conundrum

(p.180) Chapter 10 Conclusion—Cracking the China Conundrum
Cracking the China Conundrum

Yukon Huang

Oxford University Press

This chapter brings together the factors that have shaped perceptions about China’s economic rise. It begins by discussing the diverging views of China’s economic prospects. This has implications for the debate about the role of the state and prospects for political liberalization framed against President Xi’s corruption campaign and more aggressive foreign policies. Observers see China through their own self-prescribed lens. Factors shaping such perceptions fall under three themes. The first relates to geopolitical tensions and mistrust; the second to location and choice of comparators, complicated by China’s size, speed of change and complexity; and the third is China’s differing institutions and relevance of traditional analytical frameworks. In addition, lack of transparency complicates judgments. Understanding the nature of these differences is the initial step in forging more constructive relations between China as an abnormal great power and the rest of the world.

Keywords:   political liberalization, corruption, geopolitics, institutions, transparency, analytical frameworks, abnormal great power

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