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Many thought China's rise would fundamentally remake the global order. Yet, much like other developing nations, the Chinese state now finds itself in a status quo characterized by free trade and American domination. Through a cutting-edge historical, sociological, and political analysis, Ho-fung Hung details the competing interests and economic realities that temper the dream of Chinese supremacy-forces that are stymieing growth throughout the global South. Hung focuses on four common misconceptions: that China could undermine orthodoxy by offering an alternative model of growth; that China is radically altering power relations between the East and the West; that China is capable of diminishing the global power of the United States; and that the Chinese economy would restore the world's wealth after the 2008 financial crisis. His work reveals how much China depends on the existing order and how the interests of the Chinese elites maintain these ties. Through its perpetuation of the dollar standard and its addiction to U.S. Treasury bonds, China remains bound to the terms of its own prosperity, and its economic practices of exploiting debt bubbles are destined to fail. Hung ultimately warns of a post miracle China that will grow increasingly assertive in attitude while remaining constrained in capability.

E-books --- S10/0200 --- S10/0260 --- S10/0600 --- China: Economics, industry and commerce--General works and economic history: general --- China: Economics, industry and commerce--The Chinese model --- China: Economics, industry and commerce--Foreign trade and economic relations: general --- Economic development --- Capitalism --- History --- China --- Economic policy --- Foreign economic relations --- Foreign relations --- Economic conditions --- Social conditions --- Development, Economic --- Economic growth --- Growth, Economic --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- History. --- Foreign economic relations. --- International relations. Foreign policy --- International economic relations --- Economic development - China - History --- Capitalism - China - History --- China - Economic policy - 1949 --- -China - Foreign economic relations --- China - Foreign relations - 1949 --- -China - Economic conditions - 1949 --- -China - Social conditions - 1949 --- -Economic development

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For decades, Hong Kong has maintained precarious freedom at the edge of competing world powers. In City on the Edge, Ho-fung Hung offers a timely and engaging account of Hong Kong's development from precolonial times to the present, with particular focus on the post 1997 handover period. Through careful analysis of vast economic data, a myriad of political events, and intricate networks of actors and ideas, Hung offers readers insight into the fraught economic, political, and social forces that led to the 2019 uprising, while situating the protests in the context of global finance and the geopolitics of the US-China rivalry. A provocative contribution to the discussion on Hong Kong's position in today's world, City on the Edge demonstrates that the resistance and repression of 2019-2020 does not spell the end of Hong Kong but the beginning of a long conflict with global repercussions.

Economic development --- History. --- Hong Kong (China) --- China --- United States --- Economic conditions. --- Politics and government. --- Social conditions. --- Foreign economic relations --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Development, Economic --- Economic growth --- Growth, Economic

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Capitalism. --- Economic history --- Capitalisme --- Histoire économique --- China --- China --- Chine --- Chine --- Economic policy --- Economic conditions --- Politique économique --- Conditions économiques

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