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 is designed to help the United States better comprehend the facts and dynamics underpinning China's rise, which is an understanding that becomes more and more important with each passing day. Additionally, the authors suggest actions both countries 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. 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. The book's introduction and conclusion address additional issues, such as key trends in China's political decision making and its impact on US interests....

China's emergence on the world stage will be one of the most momentous--and challenging--developments of the twenty first century. To help us understand this country--the world's largest with 1.4 billion people--scholars at CSIS and IIE have compiled data accumulated over years of investigation into an accessible narrative for the general reader.

Hailed as one of the most definitive books on China, China: The Balance Sheet is the fullest attempt to understand and describe the most important emerging power in the world....

This timely and authoritative book looks at the long-run prospects for the international economic position of the United States, with particular focus on the growth of the US trade deficit and growing foreign debt and prospective foreign financing of this debt. It provides a fundamental framework for the development of US fiscal and other economic policies, especially responses to the current global financial and economic crisis. The book argues that the long-term outlook is extremely worrisome and potentially very costly in foreign policy and national security as well as economic terms. As the country (and the world) emerges from the global crisis, and continues fashioning policy responses to the crisis itself, it is essential to keep the long-run considerations firmly in mind. To put the United States back on a secure financial footing requires early and decisive policy actions, perhaps even in tandem with the near-term stimulus and housing initiatives, to address the ever-escalating costs of the major entitlement programs, Social Security and especially Medicare/Medicaid, and thus the country s overall fiscal position. C. Fred Bergsten and other experts from the Peterson Institute for International Economics assess the outlook for the trade and budget deficits to 2030 and analyze both the role of the foreign imbalances in triggering the crisis and how the crisis itself affects the (un)sustainability of future deficits....

The global economic crisis has made clear China's importance and expanding role on the world stage. The bestselling book, China's Rise: Challenges and Opportunities--now available in paperback--explains 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. This book is unique in its analysis of the authoritative data on China's economy, foreign and domestic policy, and national security. China is 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. The book 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. The paperback version features a new introduction that addresses events since the fall of 2008 and provides context for the book's insight in light of those events....