China's Rise: Challenges and Opportunities

            by C. Fred Bergsten ,
            Charles Freeman ,
            Nicholas R. Lardy and
            Derek J. Mitchell

            Forthcoming • 256 pp. ISBN Hardcover 978-0-88132-417-4
            China has emerged as an economic powerhouse (projected to have the
            largest economy in the world in a little over a decade) and is
            taking an ever-increasing role on the world stage. China’s Rise:
            Challenges and Opportunities will help the United States and the
            rest of the world better comprehend the facts and dynamics
            underpinning China’s rise—an understanding that becomes more and
            more important with each passing day. Additionally, the authors
            suggest actions both China and the United States can take that will
            not only maximize the opportunities for China’s constructive
            integration into the international community but also help form a
            domestic consensus that will provide a stable foundation for such
            policies. Filled with facts for policymakers, this much anticipated
            book’s narrative-driven, accessible style will appeal to the general
            reader. This book is unique in that it analyzes the authoritative
            data on China’s economy, foreign and domestic policy, and national
            security.
            The expert judgments in this book paint a picture of a China
            confronting domestic challenges that are in many ways side effects
            of its economic successes, while simultaneously trying to take
            advantage of the foreign policy benefits of those same successes.
            China’s Rise: Challenges and Opportunities from The China Balance
            Sheet Project, a joint, multiyear project of the Center for
            Strategic and International Studies and the Peterson Institute,
            discusses China’s military modernization, China’s increasing soft
            power influence in Asia and around the world, China’s policy toward
            Taiwan, domestic political development, Beijing’s political
            relations with China’s provincial and municipal authorities,
            corruption and social unrest, rebalancing China’s economic growth,
            the exchange rate controversy, energy and the environment,
            industrial policy, trade disputes, and investment issues.
            This book is part of the CSIS-IIE China Balance Sheet project. For
            more information about this project, please visit
            www.chinabalancesheet.org.
            Contents
            Chapters are provided for preview only.

            Preface

            Chronology of Main Events

            Introduction

            1. China's Challenge to the Global Economic Order

            2. China Debates Its Future  

            3. Democracy with Chinese Characteristics? Political Reform and the
            Future of the Chinese Communist Party  

            4. Center-Local Relations: Hu's in Charge Here?  

            5. Corruption in China: Crisis or Constant?  

            6. Sustaining Economic Growth in China

            7. Energy Implications of China's Growth

            8. Why Does the United States Care about Taiwan?

            9. China's Military Modernization

            10. China and the World  

            11. Conclusion

            Bibliography

            About the Authors

            About the Organizations

            Acknowledgements

            Advisory Committee