Business strategist and historian Paul G. Clifford’s book “The China Paradox”, which has just been published by De|G Press, explains the reasons and the motives for change that have led to the dramatic economic rise of China and how dealing with China requires both care and insight as the country and the ruling Chinese Communist Party shrewdly leverage their tremendous size.
The Chinese Communist Party, however, has repeatedly displayed pragmatism and adaptability. It is now readjusting the economy, emphasizing smaller cities over megacities, guiding a shift from labor intensive manufacturing towards high technology be it artificial intelligence or bio tech, moving from government infrastructure investment to an economy driven by consumer demand. China has responded to the environmental crisis by positioning itself as a leader in the use of renewables and in developing related technology.
Notwithstanding this proven ability to adapt and survive, the fundamental downside of the China paradox is that, given the Faustian bargain it entails between economic progress and one-party rule, further reforms needed to take China to the next level of development seem to have been abandoned or postponed.
Clifford’s book goes far to explain, as objectively as possible, these seemingly contradictory and fascinating developments. It is geared towards anyone who either must understand how China competes, or those with business or other affairs in China.
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