Understanding China

This book takes an in-depth look at China’s diplomacy in the New Era under the leadership of Xi Jinping. It begins with the analysis of China’s rise and world transformation, the connotations of China’s New Era and its new world ideal as “Community of Shared Future for Mankind” and then presents Xi Jinping’s grand strategy by analyzing his new ideas on the governance of China and global governance, theory and practice of China’s diplomacy in the New Era. Key concepts and innovation cases in China's diplomacy around security, BRI, opening-up strategy, and its strategic approach to the USA are introduced as well, which builds an overview of China's diplomacy.

This book gives a panoramic review of China's 70 years of modernization, reveals the historical process and logic of the formation of the modernization path with Chinese characteristics, especially focuses on the key decision-making process in the history of China's modernization, theoretically compares the Chinese model and the western mainstream model and summarizes the characteristics and experience of China's development model. At the same time, it reveals the causes of the global crisis from a historical perspective and puts forward the future of China based on historical experience.

The book tries to answer the following hot-debating questions: What is the core of Chinese experience? Is China model  a new model of modernization? Is China's model sustainable? Is this model compatible with the mainstream model? What is the relationship between China's revolution and modernization? How will China's development affect the world? 

This book will be found helpful by all scholars, students and the public who are interested in China's development path.

The book is the first substantial study on the pillars mapping China's 21st century, and influential body of policies and politics linked to the making of China's 21st century. It builds on the analytical insights and approaches. China has emerged as an attractive political and developmental modality in global governance. President Xi Jinping's thought on socialism with Chinese characteristics for a new era is a cutting-edge accomplishment of the contemporary politics both in China and worldwide. It responds to innovative socialist theory of democracy as well as to the country's constitutional provision. This book provides a different approach to political culture of modern China, which complements and extends the existing work in these fields.

This book exploratively reviews and refines the theoretical system of economics with Chinese characteristics and the analytical framework of Chinese path to modernization. This book aims to reveal answers to the three questions: what has the theoretical system of economics with Chinese characteristics inherited and developed? What are the experiences and lessons of all countries’ modernization in the world? What is the universality and particularity of Chinese Path to Modernization? As conclusion, the author draws a clue to understand Chinese path to modernization, which is neither “making up for the lessons” nor a  “convergence”, but an “innovation” built upon the general principles of modernization. Its universality lies in the overall patterns and trends of modernization, that is, the consistent process of the country's pursuit of national economic growth and people's prosperity. The distinctiveness of this path lies in the concurrent transformation of Chinese economic system and the institutional innovations with Chinese characteristics that unfold throughout this ongoing economic process.

This book reflects China's experience, model and theory of successful inflation control. The idea of Stabilization of Expectations emphasized by the Chinese government was primarily proposed in this book with systematic theoretical support. The theory framework initiated in this book has been about 10 years earlier than that of the European and American economists.

The core theory of this work is Sticky Expectation Theory, which breaks through the framework of neoclassical economic theory, denies the fundamental preconditions of neoclassical economic theory to establish a new theoretical framework so as to understand people's economic behavior and explain the operating mechanism of economy. This book establishes the Chinese version of flexible inflation targeting system, policy transparency, policy rules, and expectation management as the means to prevent and manage inflation and macro-control.

Readers will gain a better understanding of the research achievements of Chinese scholars in the field of inflation management as well as the theory of expectations. Readers can further understand the Chinese approach in tackling inflation issue and other macro-economic control measures proposed by this book.