Appreciate This: Chinese Currency Rise Will Have a Negligible Effect on the Trade Deficit

This report argues that the Obama administration and Congress should consider whether RMB appreciation would even lead to the outcomes they desire—namely, more balanced trade. The evidence does not support their objective. Although the short-term political benefits may be all that matter to some politicians, real economic costs will be borne without any economic benefits to show.

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Art, Politics and Commerce in Chinese Cinema

Art, politics, and commerce are intertwined everywhere, but in China the interplay is explicit, intimate, and elemental, and nowhere more so than in the film industry. Understanding this interplay in the era of market reform and globalization is essential to understanding mainland Chinese cinema. This interdisciplinary book provides a comprehensive reappraisal of Chinese cinema, surveying the evolution of film production and consumption in mainland China as a product of shifting relations between art, politics, and commerce. Within these arenas, each of the twelve chapters treats a particular history, development, genre, filmmaker or generation of filmmakers, adding up to a distinctively comprehensive rendering of Chinese cinema. The book illuminates China’s changing state-society relations, the trajectory of marketization and globalization, the effects of China’s stark historical shifts, Hollywood’s role, the role of nationalism, and related themes of interest to scholars of Asian studies, cinema and media studies, political science, sociology, comparative literature and Chinese language. Contributors include Ying Zhu, Stanley Rosen, Seio Nakajima, Zhiwei Xiao, Shujen Wang, Paul Clark, Stephen Teo, John Lent, Ying Xu, Yingjin Zhang, Bruce Robinson, Liyan Qin, and Shuqin Cui.  —Hong Kong University Press

Brutalized in China

I often approach recent Chinese fiction, xiaoshuo, or “casual writing,” fearing that here again the author and publisher may be trying to cash in on Western curiosity—perhaps amazement—about the ways Chinese have sex, use drugs, can be gay, and even fall in love. The result of this condescending attitude is a quantity of low-order work that usually drops from sight after a few months.

Public Expenditures on Social Programs and Household Consumption in China

This paper argues that increasing government social expenditures can make a substantive contribution to increasing household consumption in China. The paper first undertakes an empirical study of the relationship between the savings rate and social expenditures for a panel of OECD countries and provides illustrative estimates of their implications for China. It then applies a generational accounting framework to Chinese household income survey data. This analysis suggests that a sustained 1 percent of GDP increase in public expenditures, distributed equally across education, health, and pensions, would result in a permanent increase the household consumption ratio of 1¼ percentage points of GDP.

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Spectacle and Sacrifice

This book is about the ritual world of a group of rural settlements in Shanxi province in pre-1949 North China. Temple festivals, with their giant processions, elaborate rituals, and operas, were the most important influence on the symbolic universe of ordinary villagers and demonstrate their remarkable capacity for religious and artistic creation. The great festivals described in this book were their supreme collective achievements and were carried out virtually without assistance from local officials or educated elites, clerical or lay. Chinese culture was a performance culture, and ritual was the highest form of performance. Village ritual life everywhere in pre-revolutionary China was complex, conservative, and extraordinarily diverse. Festivals and their associated rituals and operas provided the emotional and intellectual materials out of which ordinary people constructed their ideas about the world of men and the realm of the gods. It is, David Johnson argues, impossible to form an adequate idea of traditional Chinese society without a thorough understanding of village ritual. Newly discovered liturgical manuscripts allow him to reconstruct North Chinese temple festivals in unprecedented detail and prove that they are sharply different from the Daoist- and Buddhist-based communal rituals of South China.  —Harvard University Press

China In the 21st Century

The need to understand this global giant has never been more pressing: China is constantly in the news, yet conflicting impressions abound. Within one generation, China has transformed from an impoverished, repressive state into an economic and political powerhouse. In China in the 21st Century: What Everyone Needs to Know, Jeffrey Wasserstrom provides cogent answers to the most urgent questions regarding the newest superpower and offers a framework for understanding its meteoric rise. Focusing his answers through the historical legacies—Western and Japanese imperialism, the Mao era, and the massacre near Tiananmen Square—that largely define China's present-day trajectory, Wasserstrom introduces readers to the Chinese Communist Party, the building boom in Shanghai, and the environmental fall-out of rapid Chinese industrialization. He also explains unique aspects of Chinese culture such as the one-child policy, and provides insight into how Chinese view Americans. Wasserstrom reveals that China today shares many traits with other industrialized nations during their periods of development, in particular the United States during its rapid industrialization in the 19th century. Finally, he provides guidance on the ways we can expect China to act in the future vis-a-vis the United States, Russia, India, and its East Asian neighbors.  —Oxford University Press