China Fortunes - A Tale of Business in the New World

In Understanding China’s Economic Indicators, leading economist and Wall Street Journal columnist Thomas M. Orlik introduces 35 of China's most significant economic statistics. Orlik explains why each indicator matters, how it is collected and computed, and its impact on equity, commodity, and currency markets.

As China has emerged as a central player in the global economy, more and more investors are seeking profitable opportunities there. To choose the right investments, it's crucial to understand China's economic environment–and that means finding, interpreting, and utilizing China's growing base of economic indicators. Orlik helps investors make sense of data on everything from Chinese GDP growth to inflation, unemployment, bond yields, electricity production, and aircraft passenger numbers. He draws on the best information supplied by the Chinese government's statistical agency, ministries, and industry associations, as well as private sources. Each indicator is clearly described, along with a practical discussion of its implications for investors.

In brute-force struggles for survival, such as the two World Wars, disorganization and divisions within an enemy alliance are to one's own advantage. However, most international security politics involve coercive diplomacy and negotiations short of all-out war. Worse Than a Monolith demonstrates that when states are engaged in coercive diplomacy--combining threats and assurances to influence the behavior of real or potential adversaries--divisions, rivalries, and lack of coordination within the opposing camp often make it more difficult to prevent the onset of conflict, to prevent existing conflicts from escalating, and to negotiate the end to those conflicts promptly. Focusing on relations between the Communist and anti-Communist alliances in Asia during the Cold War, Thomas Christensen explores how internal divisions and lack of cohesion in the two alliances complicated and undercut coercive diplomacy by sending confusing signals about strength, resolve, and intent. In the case of the Communist camp, internal mistrust and rivalries catalyzed the movement's aggressiveness in ways that we would not have expected from a more cohesive movement under Moscow's clear control.

Reviewing newly available archival material, Christensen examines the instability in relations across the Asian Cold War divide, and sheds new light on the Korean and Vietnam wars.

While recognizing clear differences between the Cold War and post-Cold War environments, he investigates how efforts to adjust burden-sharing roles among the United States and its Asian security partners have complicated U.S.-China security relations since the collapse of the Soviet Union.