Chi Lo - Demystifying China’s Mega Trends: The Driving Forces That Will Shake Up China and the World

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The Misunderstood China Uncovering the Truth behind the Bamboo Curtain, Pearson Prentice Hall, 2004

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Asia and the Subprime Crisis Lifting the Veil on the Financial Tsunami, Palgrave Macmillan, 2009

China after the Subprime Crisis Opportunities in the New Economic Landscape, Palgrave Macmillan, November 2010

Thinking the Inevitable: Chinas Superpower Aspiration in the New Paradigm, Enrich Professional Publishing, March 2012

The Renminbi Rises: Myths, Hypes and Realities of RMB Internationalisation and Reforms in the Post-Crisis World, Palgrave Macmillan, July 2013

Chinas Impossible Trinity: The Structural Challenges to the Chinese Dream, Palgrave Macmillan, July 2015

Emerald Publishing Limited

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First edition 2017

Chi Lo, 2017

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British Library Cataloguing in Publication Data

A catalogue record for this book is available from the British Library

ISBN: 978-1-78714-410-1 (Print)

ISBN: 978-1-78714-409-5 (Online)

ISBN: 978-1-78714-722-5 (Epub)

Some mega trends have developed since 1990s that have propelled China to become the worlds factory and the second largest economy in the world after the United States. Initially, these trends are simple and have been widely discussed by businesses and China watchers in the forms of books and business research reports. They focus on the production and income sides of these China mega trends and draw straight-line projections for Chinese demand growth, painting a rosy long-term outlook for the Middle Kingdom and translating them into optimistic business opportunity forecasts in China. The prevailing work predominately focuses on the microeconomic and business aspects.

These books and reports share some common characteristics. They are descriptive of the trends and simplistic on the assumptions that government policies are static (and correct) so that these business trends will unfold as projected. They are microeconomic orientated, based on business data, interviews, surveys and even anecdotes from travel experience. They capture the prevailing market sentiment, and hype, on Chinas economic liberalisation. These analyses predominately assume that by opening up to the world, China would be changed by the global forces and move towards the global norms. This approach has been proven naive as China has become so assertive that it wants the world to play by its rules too.