Red Flags: Why Xi's China Is in Jeopardy

A trusted economic commentator provides a penetrating account of the threats to China's continued economic rise

Under President Xi Jinping, China has become a large and confident power both at home and abroad, but the country also faces serious challenges. In this critical take on China’s future, economist George Magnus explores four key traps that China must confront and overcome in order to thrive: debt, middle income, the Renminbi, and an aging population. Looking at the political direction President Xi Jinping is taking, Magnus argues that Xi’s authoritarian and repressive philosophy is ultimately not compatible with the country’s economic aspirations.
 
Thorough and well researched, the book also investigates the potential for conflicts over trade, China’s evolving relationship with Trump, and the country’s attempt to win influence and control in Eurasia through the Belt and Road initiative.

• The State Strikes Back: The End of Economic Reform in China?
• The Third Revolution: Xi Jinping and the New Chinese State
• The Future of Capitalism: Facing the New Anxieties
• China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle
• Big Debt Crises
• Belt and Road: A Chinese World Order
• The Myth of Capitalism: Monopolies and the Death of Competition
• China's Dream: The Culture of Chinese Communism and the Secret Sources of its Power
• Keeping At It: The Quest for Sound Money and Good Government
• Crashed: How a Decade of Financial Crises Changed the World