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THE NEW CHINA PLAYBOOK by Keyu Jin

THE NEW CHINA PLAYBOOK

Beyond Socialism and Capitalism

by Keyu Jin

Pub Date: May 16th, 2023
ISBN: 9781984878281
Publisher: Viking

A respected academic provides a nuanced examination of China’s past, present, and future.

China has always been difficult for many Westerners to understand, but the issue has become increasingly crucial as the country’s global role has grown. Jin, who grew up in China and retains strong connections there, was educated in the U.S. and is now a professor at the London School of Economics. With this background, she is well qualified to play the role of cultural interpreter. She has a special interest in the problems now emerging in China as the society struggles to move from an unremitting focus on economic growth to quality-of-life and equity issues. Jin notes that China’s transition from an impoverished, rural country to a wealthy, urbanized society has been remarkably fast. The private sector has driven the growth, especially in the past two decades, but the government remains firmly in control, with a complex system of incentives, rules, easy credit, and government-owned enterprises. The author traces key policies since the time of Deng, and she delves into the impact of the “one-child policy,” an area often overlooked by armchair commentators. For the most part, the Chinese people are willing to accept government direction, including a high degree of personal surveillance and intervention in their lives. They value security over freedom and generally believe that China requires a powerful central authority. Significantly, the younger generation is in many ways more conservative than their parents despite their taste for Western brands and lifestyles. Jin acknowledges China’s incredible progress but wonders what the future holds. “China’s central leadership, which spurred the most successful economic growth story of our time, could also make choices that might have the opposite effect in the future,” she concludes. “The power of the state provides the system’s greatest potential and also poses its gravest inherent risk.”

Mixing research with personal experience, Jin offers critical insights about the future of China and its global impact.