• Summary
  • Contents
  • Subject index

The study of contemporary China constitutes a fascinating yet challenging area of scholarly inquiry. Recent decades have brought dramatic changes to China's economy, society and governance. Analyzing such changes in the context of multiple disciplinary perspectives offers opportunites as well as challenges for scholars in the field known as contemporary China Studies. The SAGE Handbook of Contemporary China is a two-volume exploration of the transformations of contemporary China, firmly grounded in the both disciplinary and China-specific contexts. Drawing on a range of scholarly approaches found in the social sciences and history, an international team of contributors engage with the question of what a rapidly changing China means for the broader field of contemporary China studies, and identify areas of promising future research. Part 1: Context: History, Economy, and the Environment Part 2: Economic Transformations Part 3: Politics and Government Part 4: China on the Global Stage Part 5: China's Foreign Policy Part 6: National and Nested Identities Part 7: Urbanization and Spatial Development Part 8: Poverty and Inequality Part 9: Social Change Part 10: Future Directions for Contemporary China Studies

China as a Global Financial Power
China as a Global Financial Power
Arthur Kroeber
Introduction

China has enjoyed one of the longest sustained high-growth periods in history, but for most of its recent history it has been a financially closed economy. Since about 2005 its global financial influence has been steadily growing, and this chapter describes the debates over this rise in influence, in five main subject areas: 1) China began to exercise an important financial influence outside its borders in around early 2005, when its large accumulation of foreign exchange reserves caused it to start exerting significant influence on the US Treasury market and, by extension, on US interest rates. 2) In 2007, the establishment of a sovereign wealth fund and ...

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