China's Crisis of Success

China''s Crisis of Success provides new perspectives on China''s rise to superpower status showing that China has reached a threshold where success has eliminated the conditions that enabled miraculous growth. Continued success requires re-invention of its economy and politics. The old economic strategy based on exports and infrastructure now piles up debt without producing sustainable economic growth and Chinese society now resists the disruptive change that enabled earlier reforms. While China''s leadership has produced a strategy for successful economic transition it is struggling to manage the politics of implementing that strategy. After analysing the economics of growth William H. Overholt explores critical social issues of the transition notably inequality corruption environmental degradation and globalisation. He argues that Xi Jinping is pursuing the riskiest political strategy of any important national leader. Alternative outcomes include continued impressive growth and political stability Japanese-style stagnation and a major political-economic crisis.