China Western

According to even the most conservative estimates, China will overtake the United States as the world's largest economy by 2027 and will ascend to the position of world economic leader by 2050. But the full repercussions of China's ascendancy-for itself and the rest of the globe-have been surprisingly little explained or understood.

China's foreign policy initiatives, even the vaunted "Belt and Road", will be shaped and redefined as they confront the ground realities of local and regional politics outside China. In China's Western Horizon, Daniel S. Markey, a scholar of international relations and former member of the US State Department's policy planning staff, previews how China's efforts are likely to play out across the swath of Eurasia that includes South Asia, Central Asia, and the Middle East. Drawing from extensive interviews and historical research, Markey describes how perceptions of China vary.

Engrossing, enlightening, and entertaining, The China Business Conundrum is an essential cautionary tale and guidebook for all Western bankers, C-suite executives, consultants, and entrepreneurs seeking to do business within China.

The history-making development of the Chinese economy has entered a new phase: China is moving aggressively from a strategy of imitation to one of innovation. Driven both by domestic needs and by global ambition, China is establishing itself at the forefront of technological innovation. Western businesses need to prepare for a tidal wave of innovation from China that is about to hit Western markets, and Chinese businesses need to understand the critical importance of innovation in their future.

The history of the Western Han dynasty reveals a time of magnificence for China: A time when the country expanded its territory, perfected the weaving of silk to such an extent that a trade route extending from China all the way to Rome would take its name from that prized export, and capitalized upon the technological advances within its country to witness an agricultural revolution that predated Europe’s farming innovations by hundreds of years.