Economy

Alfred A. Knopf: As China reclaims its position as a world power, Imperial Twilight looks back to tell the story of the country’s last age of ascendance and how it came to an end in the 19th-century Opium War.When Britain launched its first war on China in 1839, pushed into hostilities by profiteering drug merchants and free-trade interests, it sealed the fate of what had long been seen as the most prosperous and powerful empire in Asia, if not the world. But internal problems of corruption, popular unrest, and dwindling finances had weakened China far more than was commonly understood, and the war would help set in motion the eventual fall of the Qing dynasty—which, in turn, would lead to the rise of nationalism and communism in the 20th century. As one of the most potent turning points in the country’s modern history, the Opium War has since come to stand for everything that today’s China seeks to put behind it.In this dramatic, epic story, award-winning historian Stephen Platt sheds new light on the early attempts by Western traders and missionaries to “open” China—traveling mostly in secret beyond Canton, the single port where they were allowed—even as China’s imperial rulers were struggling to manage their country’s decline and Confucian scholars grappled with how to use foreign trade to China’s advantage. The book paints an enduring portrait of an immensely profitable and mostly peaceful meeting of civilizations at Canton over the long term that was destined to be shattered by one of the most shockingly unjust wars in the annals of imperial history. Brimming with a fascinating cast of British, Chinese, and American individuals, this riveting narrative of relations between China and the West has important implications for today’s uncertain and ever-changing political climate.{chop}

Oxford University Press: In The Third Revolution, eminent China scholar Elizabeth C. Economy provides an incisive look at the transformative changes underway in China today. Chinese leader Xi Jinping has unleashed a powerful set of political and economic reforms: the centralization of power under Xi, himself; the expansion of the Communist Party’s role in Chinese political, social, and economic life; and the construction of a virtual wall of regulations to control more closely the exchange of ideas and capital between China and the outside world. Beyond its borders, Beijing has recast itself as a great power, seeking to reclaim its past glory and to create a system of international norms that better serves its more ambitious geostrategic objectives. In so doing, the Chinese leadership is reversing the trends toward greater political and economic opening, as well as the low-profile foreign policy, that had been put in motion by Deng Xiaoping’s “Second Revolution” 30 years earlier.Through a wide-ranging exploration of Xi Jinping’s top political, economic, and foreign policy priorities—fighting corruption, managing the Internet, reforming the state-owned enterprise sector, improving the country’s innovation capacity, enhancing air quality, and elevating China’s presence on the global stage—Economy identifies the tensions, shortcomings, and successes of Xi’s reform efforts over the course of his first five years in office. She also assesses their implications for the rest of the world, and provides recommendations for how the United States and others should navigate their relationship with this vast nation in the coming years.{chop}