The report, “China 2030: Building a Modern, Harmonious, and Creative High-Income Society”, recommends steps to deal with the  risks facing China over the next 20 years, including the risk of a hard landing in the short term, as well as challenges posed by an ageing and shrinking workforce, rising inequality, environmental stresses, and external imbalances.

The report lays out six strategic directions for China’s future:

• Completing the transition to a market economy;
• Accelerating the pace of open innovation;
• Going “green” to transform environmental stresses into green growth as a driver for development;
• Expanding opportunities and services such as health, education and access to jobs for all people;
• Modernizing and strengthening its domestic fiscal system;
• Seeking mutually beneficial relations with the world by connecting China’s structural reforms to the changing international economy.

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In his new book, Arvind Subramanian presents the following possibilities: What if, contrary to common belief, China's economic dominance is a present-day reality rather than a faraway possibility? What if the renminbi's takeover of the dollar as the world's reserve currency is not decades, but mere years, away? And what if the United States's economic pre-eminence is not, as many economists and policymakers would like to believe, in its own hands, but China's to determine?

Subramanian's analysis is based on a new index of economic dominance grounded in a historical perspective. His examination makes use of real-world examples, comparing China's rise with the past hegemonies of Great Britain and the United States. His attempt to quantify and project economic and currency dominance leads him to the conclusion that China's dominance is not only more imminent, but also broader in scope, and much larger in magnitude, than is currently imagined. He explores the profound effect this might have on the United States, as well as on the global financial and trade system. Subramanian concludes with a series of policy proposals for other nations to reconcile China's rise with continued openness in the global economic order, and to insure against China becoming a malign hegemon.

• Paperback: 232 pages
• Publisher: Institute of International Economics (September 16, 2011)
• Language: English
• ISBN-10: 0881326062
• ISBN-13: 978-0881326062

China has achieved phenomenal economic growth in the last 30 years. Robert Fogel, Nobel Laureate in Economics, predicts that the Chinese economy will reach $123 trillion and per capita income will hit $85,000 by 2040, ranking it among the super-rich nations in the world. This economic transformation has been accompanied by political reforms and major societal changes. In order for China to emerge as a global powerhouse, political reforms will have to continue to deal with new challenges associated with social stability, international relations and environmental issues.

China aspires to develop a unique political hierarchy and humanistic democracy which is based on its cultural heritage. This is quite different from the democratic systems commonly found in the West. The Chinese “development model” is not fixed. “Crossing a river by feeling the stones underfoot”- the mantra advocated by Deng Xiaoping will likely remain the guiding principle for pragmatic action and swift adaptation.

Looking ahead to the next 30 years, seventeen essays contributed by nineteen leading Chinese and Western scholars trace the steps of China’s recent accomplishments and offer their views on how China can continue its economic and societal development and emerge as a positive world contributor.

In his latest book, A. Michael Spence, distinguished visiting fellow at the Council on Foreign Relations and Nobel laureate, explores a convergence between "two parallel and interacting revolutions: the continuation of the Industrial Revolution in the advanced countries, and the sudden and dramatic spreading pattern of growth in the developing world." In The Next Convergence: The Future of Economic Growth in a Multispeed World, Spence explains how the global economy reached its current state, studies high growth and poverty reduction in the developing world, analyzes the short- and long-term effects of the global economic and financial crises of 2008, and turns to forces and trends in determining whether high growth to incomes can be sustained. 

How can companies successfully do business in China? What factors weigh into this success, and what will China's future mean for international business? Multinational corporations now look toward China with both trepidation and anticipation. The speed and scope of Chinese economic growth is changing the global distribution of power and resources, possibly to the detriment of the major industrial powers. But this same transformation presents tremendous opportunities for companies who understand China well enough to leverage both its accomplishments and its deep-seated problems for corporate benefit.

Longtime China scholar Kenneth Lieberthal brings to bear a unique combination of experiences as former top government official, political scientist, professor of international corporate strategy, and consultant. In Managing the China Challenge, he draws on his deep understanding of China’s political and economic systems and the priorities of local and national leaders to illuminate the strategies foreign companies must master to succeed in the Middle Kingdom.

In straightforward language, using numerous concrete examples to support his ideas and recommendations, Lieberthal cogently presents not only how to benefit from doing business in China, but also how to avoid the serious risks that the endeavor entails. The implications Lieberthal lays out for corporate strategy are wide-ranging and critically important.

The emergence of India and China as economic powers has shifted the global landscape and called into question the ability of the United States to compete and maintain its technological lead. Advantage sorts out the challenges the United States faces and focuses on what drives innovation, what constrains it, and what advantages we have to leverage. 

Recasting the stakes of the debate, Adam Segal, an expert on technology and foreign policy, makes the compelling case for the crucial role of the “software” of innovation. By strengthening its politics, social relations, and institutions that move ideas from the lab to the marketplace, the United States can play to its greatest economic strengths and preserve its position as a global power. 

With up-to-the minute economic and political data, this is a resounding call to tie innovation to larger social goals in an age of global science and technology.

The Emergence of China as an economic superpower is now widely recognized, but as Zachary Karabell reveals, that is only one aspect of the story. Over the past decade, the Chinese and U.S. economies have fused to become one integrated system. How China and the United States manage their relationship will determine whether the coming decades witness increased global prosperity or greater instability.

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.

It is hard for the US to ignore China these days with daily stories of product recalls which show that the vast preponderance of products sold in America are actually made in China. Add to that the fact that China is leaping forward in scientific and technology research and is fuelled by a boom economy. This new book presents analyses relevant to China-US economic and geopolitical relations.  

Drawing on the research of ten scholars from around the world, this volume evaluates China's privatization experience by investigating the efficiency and fairness of the sale process and the credibility of the government's ambition to create world-class state-owned conglomerates.