China’s Uneven and Combined Development

Explore the complex dynamics of China's economic transformation in China’s Uneven and Combined Development by Steven Rolf. Published by Springer Nature Switzerland AG in 2021, this insightful paperback spans 264 pages, delving into the pivotal factors that have shaped China's current economic landscape. Rolf examines how the fear of geopolitical catastrophe prompted China to open its economy, and how Global Production Networks (GPNs) facilitated significant export surpluses. These surpluses have been skillfully recycled through state-owned banks, providing cheap credit and subsidies to large, vertically integrated, and politically-controlled state-owned enterprises. This book is essential for anyone interested in understanding the intricate interplay of economic policies and global trade that define modern China.