Why am I passionate about this?
I used to be Chief Economist at the UK bank SG Warburg and then at UBS, starting out in 1987 and finally cutting the cord in 2016 as Senior Economic Advisor. I visited China twice or three times a year from about 1994 and then the pandemic intervened. After the financial crisis, I decided that China would be the world’s next big thing. So I've spent a lot of time trying to figure out what’s going on there and for the last few years, I've been an associate at the China Centre at Oxford University and SOAS in London. Red Flags was a book I simply had to write. Maybe there’ll be another. We shall see.
George's book list on on understanding modern China
Why did George love this book?
Naughton is the grandfather of China economy books, having written prolifically and with great authority on it for what seems like an eternity. This second edition updates his original 2006 work and should be considered a sort of bible, certainly an essential reference, on how China emerged from poverty under Mao to become what it is today. There are no economic or economic policy or structure stones unturned in this tome.
If you are more minded to read an authoritative narrative rather than a sort of handbook, I recommend a much shorter, readable book by the same author, published last year called The Rise of China’s Industrial Policy. It’s also very topical and pertinent to contemporary China discussion.
1 author picked The Chinese Economy as one of their favorite books, and they share why you should read it.
The new edition of a comprehensive overview of the modern Chinese economy, revised to reflect the end of the “miracle growth” period.
This comprehensive overview of the modern Chinese economy by a noted expert on China's economic development offers a quality and breadth of coverage not found in any other English-language text. In The Chinese Economy, Barry Naughton provides both a broadly focused introduction to China's economy since 1949 and original insights based on his own extensive research. This second edition has been thoroughly revised to reflect a decade of developments in China's economy, notably the end of the period…