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Is China's remarkable economic growth over the past four decades a true miracle, or just a bubble waiting to burst? In Is the Chinese Economy a Miracle or a Bubble?, renowned economist Lawrence J Lau unpacks this question with groundbreaking analysis, exploring the factors behind China's sustained success and its implications for global economic development. This book challenges conventional wisdom and offers a nuanced perspective on one of the most critical economic stories of our time.

This book delves into the unique journey of China's economy, which has grown at an unprecedented rate for over 40 years. Lawrence J Lau masterfully analyzes the policies, strategies, and market dynamics that shaped China's success, addressing critical questions about its sustainability and global implications. By juxtaposing China's development with other East Asian economies, Lau offers invaluable lessons on how nations can achieve economic growth. Accessible yet deeply analytical, it’s essential reading for anyone seeking to understand China's impact.

In Is the Chinese Economy a Miracle or a Bubble?, Lawrence J Lau brings decades of experience as a distinguished economist and advisor to policymakers. Lau explains, “China’s economic growth since 1978 is often seen as either a miracle or a bubble. Through this book, I aim to demonstrate that the reality is more nuanced. By analyzing data and economic models, I show how China's development is both unique and replicable, offering lessons for countries seeking sustainable growth."

This book is tailored for economists, scholars, policymakers, and students keen to explore the intricacies of China's economic growth and development strategies. It is equally valuable for business leaders, investors, and professionals seeking a deeper understanding of China’s evolving market and its global influence. Written in an accessible yet rigorous style, the book requires no specialized background in economics, making it suitable for both academic and general readers curious about China's remarkable economic journey.

This edition of Is the Chinese Economy a Miracle or a Bubble? retails for US$38 / £35 (paperback) and US$55 / £50 (hardcover), and is available throughout the world except for mainland China, Taiwan, Hong Kong, Macau, USA, Canada and the UK. To order or know more about the book, visit http://www.worldscientific.com/worldscibooks/10.1142/14154.

About the Author

Lawrence J Lau received his BS degree (with Great Distinction) in Physics from Stanford University in 1964, and his MA and PhD degrees in Economics from the University of California at Berkeley in 1966 and 1969 respectively. He joined the faculty of the Department of Economics at Stanford University in 1966, becoming Professor of Economics in 1976 and the first Kwoh-Ting Li Professor in Economic Development at Stanford University in 1992. From 1992 to 1996, he served as a Co-Director of the Asia-Pacific Research Center at Stanford University, and from 1997 to 1999, as the Director of the Stanford Institute for Economic Policy Research. He became Kwoh-Ting Li Professor in Economic Development, Emeritus, upon his retirement from Stanford in 2006. From 2004 to 2010, Professor Lau served as Vice-Chancellor (President) of The Chinese University of Hong Kong. Since 2007, Professor Lau has been serving as Ralph and Claire Landau Professor of Economics at The Chinese University of Hong Kong. From September 2010 to September 2014, he served as Chairman of CIC International (Hong Kong) Co., Limited. He has authored numerous publications, including The China-US Trade War and Future Economic Relations (2018).

About World Scientific Publishing Co.

World Scientific Publishing is a leading international independent publisher of books and journals for the scholarly, research and professional communities. World Scientific collaborates with prestigious organisations like the Nobel Foundation and US National Academies Press to bring high quality academic and professional content to researchers and academics worldwide. The company publishes about 600 books and over 180 journals in various fields annually. To find out more about World Scientific, please visit www.worldscientific.com.
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