The New China Playbook: Beyond Socialism and Capitalism

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Financial Times Best Summer Books of 2023

'Essential reading' Tony Blair

A revelatory, myth-dispelling exploration of China's juggernaut economy

Although China's economy is one of the largest in the world, Western understanding of it is often based on dated assumptions and incomplete information. In The New China Playbook, Keyu Jin burrows deep into the mechanisms of a unique system, taking a nuanced, clear-eyed, and data-based look inside. From the far-reaching and unexpected consequences of China's one-child policy to the government's complex relationship with entrepreneurs, from its boisterous financial system to its latest push for technological innovation, Jin reveals the frequently misunderstood dynamics at play.

China is entering a new era, soon to be shaped by a radically different younger generation. As it strives to move beyond the confines of conventional socialism stained by shortages and capitalism hindered by inequality, the world is about to witness the emergence of a completely new dynamic between two diametrically opposite systems. The thorough understanding of China's playbook that Jin provides will be essential for anyone hoping to interpret the nation's future economic and political strategy. While China's rise on the world stage has stirred a wide range of emotions, one thing is certain: a deep understanding is essential for successfully navigating the global economy in the twenty-first century.

Reviews

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'The biggest geo-political change of the 21st century will be the end of exclusive Western political and economic dominance. The rise of China is at the core of this change and Keyu Jin is a brilliant thinker to take us through its implications from the perspective of someone who understands both China and the West. It is this combination of insider and outsider insight which makes The New China Playbookessential reading' - Tony Blair

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'Jin doesn't ignore China's faults and failings ... she tells a nuanced story that deserves attention at a time of extreme tension between China and the United States' - Peter Coy, The New York Times

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'China is running on a new playbook for innovation and technology. As a bicultural economics expert, Professor Keyu Jin understands this playbook, and demystifies it for the global audience. This book is an invaluable lens to understand the modern anatomy of China' - Kai-Fu Lee, Chairman & CEO, Sinovation Ventures and New York Times bestselling author of AI Superpowers

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'The most important book on China in many years, written with stunning eloquence and clarity. Jin does not cover the warts, but insists on a holistic view. Anyone who wants to understand China, and how to engage with it economically and politically, will greatly benefit from this deeply original book' - Kenneth Rogoff, Maurits C. Boas Chair of International Economics, Harvard University

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'During the 20 years of my Presidency, through the many meetings with Xi Jinping and other Chinese leaders, I tried to understand China. Now Keyu Jin provides a brilliant guidebook, a must read for everyone in business and politics engaged in the global economy' - Olafur Ragnar Grimsson, former President of Iceland and Chair of the Arctic Circle

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Author Bio

Keyu Jin is an associate professor of economics at the London School of Economics and Political Science who has worked with the China Banking and Insurance Regulatory Commission, the World Bank, and the International Monetary Fund. She is currently a global board member for Richemont. Born and raised in Beijing, she holds a BA, an MA, and a PhD in economics from Harvard University, and resides with her family in London and Beijing.