This book examines the volatile landscape of the Chinese economy and the barriers to its
continuing development. The author argues that underlying inefficiencies in China's financial
system currently prevent the further growth of its institutions and inhibit reform of monetary
and fiscal policy. Rambures shows that despite efforts to avoid a middle income trap such
long-overdue structural reforms are still faced with strong resistance from both economic and
political circles. Chapters discuss approaches in tackling the Chinese national debt the
recent stock exchange collapse and subsequent currency devaluation declining trade surplus
the wariness of foreign investors and its negative impact on foreign exchange reserves and the
heavy burden of state-owned zombie companies. The discussion positions current economic events
within the context of China's transition from a foreign trade and investment-led economy to one
that is propelled by domestic consumption service industries and innovation. Crucially
Rambures also addresses financial trends with reference to pervasive long-term influencing
factors such as an ageing population increasing inequality corruption pollution and
migration.
