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The Myth of Chinese Capitalism

The Myth of Chinese Capitalism

The Worker, the Factory, and the Future of the World

Dexter Roberts

St. Martin's Press

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The untold story of how restrictive policies are preventing China from becoming the world’s largest economy

Dexter Roberts lived in Beijing for two decades working as a reporter on economics, business and politics for Bloomberg. In his book, The Myth of Chinese Capitalism, Roberts shows readers the reality behind today’s financially-ascendant China and pulls the curtain back on how the Chinese manufacturing machine is actually powered.

He focuses on two towns—the village of Binghuacun in the province of Guizhou, one of China’s poorest regions, a region that sends the highest proportion of its youth away to become migrants; and Dongguan, China’s most infamous factory town located in Guangdong and home to both the largest number of migrant workers and the country’s biggest manufacturing base.

Within these two towns and the people that move between them, Roberts focuses on the story of the Mo family, former farmers now turned migrant workers who are struggling to make a living in a fast-changing country that relegates one-third of its people to second-class status via household registration, land tenure policies and inequality in education and health care systems. In The Myth of Chinese Capitalism, Dexter Roberts brings to life the problems that China and its people face today as they attempt to overcome a divisive system that poses a serious challenge to the country’s future development. In so doing, Roberts paints a boot-on-the-ground cautionary picture of China for a world now… More…

The untold story of how restrictive policies are preventing China from becoming the world’s largest economy

Dexter Roberts lived in Beijing for two decades working as a reporter on economics, business and politics for Bloomberg. In his book, The Myth of Chinese Capitalism, Roberts shows readers the reality behind today’s financially-ascendant China and pulls the curtain back on how the Chinese manufacturing machine is actually powered.

He focuses on two towns—the village of Binghuacun in the province of Guizhou, one of China’s poorest regions, a region that sends the highest proportion of its youth away to become migrants; and Dongguan, China’s most infamous factory town located in Guangdong and home to both the largest number of migrant workers and the country’s biggest manufacturing base.

Within these two towns and the people that move between them, Roberts focuses on the story of the Mo family, former farmers now turned migrant workers who are struggling to make a living in a fast-changing country that relegates one-third of its people to second-class status via household registration, land tenure policies and inequality in education and health care systems. In The Myth of Chinese Capitalism, Dexter Roberts brings to life the problems that China and its people face today as they attempt to overcome a divisive system that poses a serious challenge to the country’s future development. In so doing, Roberts paints a boot-on-the-ground cautionary picture of China for a world now held in its financial thrall.

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Praise for The Myth of Chinese Capitalism

"Roberts has given a well-sourced, thoughtfully reasoned, and cogently-written narrative of the largest migration in human history, as peasants from the countryside moved into cities to fuel the past several decades of China’s 'economic miracle.' But now that trade wars are raging and growth rates are slowing, many of these same rural workers are retreating home again. Roberts helps us understand why this could be an even more disruptive tipping point moment not only for China, but the global economy."
—Orville Schell, Arthur Ross Director, Center on US-China Relations and co-author of Wealth and Power: China’s Long March to the 21st Century

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Reviews from Goodreads

Dexter Roberts

Dexter Roberts is a writer, speaker, and analyst on China economics, business and politics. Previously he served as reporter and China bureau chief for Bloomberg Businessweek and was based in Beijing for more than two decades. He has interviewed numerous Chinese and foreign company CEOs, as well as senior government officials, and has reported from all of China’s provinces and regions including Tibet and Xinjiang, as well as Hong Kong, Taiwan, Mongolia and North Korea.

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Mark Bryant

Dexter Roberts

St. Martin's Press

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