". . . a very concise and useful framework for thinking about the Sino-American relationship and . . . the key challenges that we'll be facing. . . ."
Robert B. Zoellick, Deputy Secretary of State
"An excellent study of the outlook for Chinese national development and the likely future configurations of East Asian relations."
"[A] comprehensive and penetrating analysis of the [US-China] relationship."
The Wall Street Journal
"[A] timely book...persuasively argues [that] it is America's interest to coax rather than confront China."
"A pithy, 161-page overview meant to influence the way people here think about people and institutions over there."
The Washington Post
"A highly readable book...for undergraduate students, business people, politicians, and anyone else who seeks sensible answers to many of the pressing questions related to China's rise."
China Business Review
China: The Balance Sheet
What the World Needs to Know Now about the Emerging Superpower
by C. Fred Bergsten
Nicholas R. Lardy
Derek J. Mitchell
ISBN Hardcover 1-58648-464-8 $25.00
For centuries, China has proven difficult for Americans to understand. Today, however, China is becoming one of the most powerful countries in the world. As the 21st century unfurls, the stakes have never been higher for getting US policy toward China right.
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The direction that China and US-China relations take will define the strategic future of the world for years to come. No relationship matters more—for better or for worse—in resolving the enduring challenges of our time: maintaining stability among great powers, sustaining global economic growth, stemming dangerous weapons proliferation, countering terrorism, and confronting new transnational threats of infectious disease, environmental degradation, international crime, and failing states. And for the United States in particular, a rising China has an increasingly important impact on American prosperity and security, calling for some clear-eyed thinking and tough economic, political, and security choices.
Put simply, the US-China relationship is too big to disregard and too critical to misread.
This book is a joint project between the Institute for International Economics and the Center for Strategic and International Studies.
1. Summary and Overview: Meeting the China Challenge
2. China's Domestic Economy: Continued Growth or Collapse?
3. China's Domestic Transformation: Democratization or Disorder?
4. China in the World Economy: Opportunity or Threat?
5. China's Foreign and Security Policy: Partner or Rival?
6. Conclusion: Toward a New United States–China Relationship
China: The Balance Sheet is part of the CSIS-IIE China Balance Sheet project. For more information about this project, please visit www.chinabalancesheet.org.