China’s Modern Economic Statecraft: A Wealth-Power Dialectic (Routledge Studies in the Modern World Economy)

This compelling exploration delves into President Xi Jinping's ambitious efforts to restore China to its historical role as a global leader through innovative economic means.Bridging the philosophies of Mao Zedong and Deng Xiaoping, Xi's approach is a unique synthesis of Marxist-Developmentalist ideas, aiming to convert China's accumulated national wealth into great power status. At the heart of this narrative is a wealth-power dialectic, shaping the performance and challenges of China's modern economic statecraft.The book chronicles the optimism of Xi's first term, the overreach and subsequent retrenchment of his second, all set against the backdrop of a slowing domestic economy and intensifying strategic competition with the United States.Despite these hurdles, the Chinese government continues to expand its arsenal of economic tools and initiatives, showcasing resilience and adaptability. This book offers an insightful look into how Xi Jinping's tenure might be remembered as a pinnac