Ho-fung HungMay 18, 2016
The China Boom
Why China Will Not Rule the World
Columbia University Press 2016
Ho-fung Hung's new book has two main goals: to to outline the historical origins of Chinas capitalist boom and the social and political formations in the 1980s that gave rise to this boom, and to explore the global effects of Chinas capitalist boom and the limit of that boom. In doing so, The China Boom: Why China Will Not Rule the World (Columbia UP, 2016) offers a timely and provocative account of the emergence and transformations of capitalism in modern China, and of the consequences of its entanglements with the rest of the world for the global political economy. In addition to an in-depth assessment of the Chinese economy, readers will find fascinating discussions of Chinas relations with Africa and Latin America, as well as some thoughtful comparative considerations. Hung's book traces the rise of capitalism in China from the seventeenth century through today, and uses this historical grounding to point to possible futures. The China boom, Hung maintains, is destined to collapse.