China's Challenge to US Supremacy

This book analyzesChina's development in the wider context of the global trade, investment, security, knowledge and production regimes established by the United States.It argues that, although China has thus far been able to enjoy rapid growth within this global architecture, it will have to deal with a more challenging external environment as other states react to its rise. More specifically, it is facinggrowing pressure to realign its currency, agreater number of trade investment and intellectual property disputes, amore hostile security environment, andexclusionary regional trans-Pacific and trans-Atlantic trade agreements.It is also being confronted by an array of internal issues, from an ageing population and weaknesses in the high tech sector, toover-reliance on foreign companies for exports,non-performing loans anda burgeoning state debt. This, in turn, has led an increasing number of firms to relocate to other countries.For the time being, the author concludes, China's global ambitions andchallenge to US supremacy willhave to be scaled back. This insightful work will appeal to students and scholars of China's politics, economy and development.