Red Flags
Under President Xi Jinping, China has become a large and confident power both at home and abroad, but the country also faces serious challenges. Red Flags provides a penetrating account of the threats to China's continued economic rise. This book explores four key traps that China must confront and overcome in order to thrive: debt, middle income, the Renminbi, and an aging population. Red Flags also investigates the potential for conflicts over trade, China’s evolving relationship with Trump, and the country’s attempt to win influence and control in Eurasia through the Belt and Road initiative.
Praise for Red Flags
“A comprehensive and valuable survey of the threats facing China’s economy.”
— Edward Chancellor, Wall Street Journal
“George Magnus offers a forensic take on why the Chinese e onomy will continue to be bedeviled by politics and why it matters.”
— Isabel Hilton, New Statesman
“Red Flags lands with exquisite timing"
— Richard McGregor, Financial Times
"For insight into the dilemmas and decisions China’s leaders, notably Xi Jinping, will face in the next decades, it would be hard to beat Red Flags."
— Diane Coyle, author of GDP: A Brief but Affectionate History
"An excellent, tightly argued and fluently written analysis of the challenges that lie behind the China Dream."
— Jonathan Fenby, author of Will China Dominate the 21st Century?
"An immensely important and powerful book from one of our premier commentators on economics."
— Rana Mitter, author of China’s War with Japan, 1937–1945
"A nuanced, historically informed and highly readable account of why we should never be complacent about the People’s Republic."
— Kerry Brown, author of CEO, China
"Compelling, ominous and thought-provoking, George Magnus has written a book that should be essential reading for anyone trying to make sense of what is happening in China— and why it will have a global impact."
— Peter Frankopan, author of The Silk Roads