China's Economic Evolution Post-2008

This chapter explores China's shift from an export-driven economy to an emphasis on real estate amid the 2008 financial crisis, revealing the resultant housing bubble and its challenges. It highlights the social unrest fueled by corruption and inequality, illustrating the response of the Chinese Communist Party to domestic discontent and the rise of nationalism. The narrative also delves into the geopolitical tensions between the U.S. and China, examining the implications of economic nationalism and the evolving dynamics of global competition.