Читать книгу Financial Cold War. A View of Sino-US Relations from the Financial Markets онлайн

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Part Two focuses on China. Given the very long historical perspective through which Chinese policymakers frame policy, it is necessary to have a broad perspective of Chinese history to appreciate the context of today's financial and economic policies. This part therefore first takes readers on a whistle-stop journey through six centuries of Chinese history, from the height of China's relative global economic power during the Ming Dynasty (明朝, 1368–1644) through to the ravages of the Cultural Revolution (文化大革命, 1966–1976) and the country's economic climb back in the decades since. It then goes on to give an account of the development of China's modern financial markets and examines the financial and economic challenges facing the country today.

Part Three examines the true nature of the current Sino-US conflict and possible ways to reduce tensions between the two countries. It first critically assesses the New Cold War narrative and looks at the financial and economic sources and dimensions of conflict. It then looks at the role of financial markets today and how, in many instances, contemporary policies, regulations and incentives have subverted the proper functioning of markets. The final chapter concludes with a discussion of potential reforms to US and Chinese policies and to the global monetary system that could help rebalance the world economy and de-escalate Sino-US tensions.