No fewer than three readers have emailed me a link to an article in The Diplomat, entitled, 10 Books for Understanding China’s Economy, not having read (or even skimmed) even half the books listed, I could say little more than that I am aware of most of the authors and they are all highly respected. The list was compiled by Pacific Money writer James Parker and it consists of the English-language books he “would recommend for someone seeking to understand the Chinese economy and financial system.”
Mr. Parker’s picks, followed by my own two cents on a few of the choices is below, but you will (and you should) go to the full article here to read more about each book and why it was chosen:
- Avoiding the Fall, by Michael Pettis. I read this book and it is excellent.
- China’s Superbank, by Henry Sanderson & Michael Forsythe. I have neither read this book, nor heard much about it.
- Red Capitalism, by Walter & Howie. I have not read it, but I have heard good things.
- Inside China’s Shadow Banking: The Next Subprime Crisis? by Joe Zhang
- The Great Rebalancing, by Michael Pettis.
- Factions and Finance in China, by Victor Shih. I have not read this book, but I have heard a lot of good buzz about it and I have read a fair amount of Shih’s writings on China’s economy and this is clearly a guy who “knows his stuff.”
- In Line Behind a Billion People, by Ma & Adams
- Tiger Head, Snake Tails, by Jonathan Fenby
- The China Price, by Alexandra Harney. I gave this book a very favorable review in How To Monitor Your Chinese Factory, The China Price, And QC By Motorcycle.
- Uprising, by George Magnus
In his article, Parker asks his readers what other books they have found helpful for understanding China’s economy, and I would put the following on that list:
- The New Chinese Economy: Dynamic Transitions into the Future, by Elias C. Grivoyannis, reviewed here.
- Understanding China’s Economic Indicators by Tom Orlick, reviewed here.
- The Chinese Economy: Transitions and Growth, by Barry Naughton, discussed here.
- Capitalism with Chinese Characteristics: Entrepreneurship and the State, by Yasheng Huang, discussed here.
- China Shakes the World, by James Kynge, reviewed here.
Have we missed any?