Under President Xi Jinping, China has become a large and confident power both at home and abroad, but the country also faces serious challenges. Red Flags provides a penetrating account of the threats to China's continued economic rise. This book explores four key traps that China must confront and overcome in order to thrive: debt, middle income, the Renminbi, and an aging population. Red Flags also investigates the potential for conflicts over trade, China’s evolving relationship with Trump, and the country’s attempt to win influence and control in Eurasia through the Belt and Road initiative.
Praise for Red Flags
“A comprehensive and valuable survey of the threats facing China’s economy.”
— Isabel Hilton, New Statesman
“Red Flags lands with exquisite timing"
— Kerry Brown, author of CEO, China
"Compelling, ominous and thought-provoking, George Magnus has written a book that should be essential reading for anyone trying to make sense of what is happening in China— and why it will have a global impact."