China's rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China's economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues. Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China's economy.

He examines arguments about the causes and effects of China's possible debt and property market bubbles, trade and investment relations with the Western world, the links between corruption and political liberalization in a growing economy and Beijing's more assertive foreign policies. Huang explains that such misconceptions arise in part because China's economic system is unprecedented in many ways-namely because it's driven by both the market and state- which complicates the task of designing accurate and adaptable analysis and research. Further, China's size, regional diversity, and uniquely decentralized administrative system poses difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China's economic state accurately.

This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China's economic environment.

中国的崛起正在改变全球权力关系，重塑经济辩论，并引起了公众的极大关注。尽管媒体和学术界进行了广泛的审查，但关于中国经济的传统智慧往往是错误的。破解中国难题》对中国的主要经济、政治和外交政策问题提供了一个全面的、相反的观点。黄玉光敏锐地探讨了中国经济分析中被广泛接受但又被误导的观点。

他研究了关于中国可能出现的债务和房地产市场泡沫的原因和影响、与西方世界的贸易和投资关系、经济增长中的腐败和政治自由化之间的联系以及北京更加自信的外交政策的论点。Huang解释说，出现这种误解的部分原因是中国的经济体系在很多方面都是前所未有的，即它是由市场和国家共同驱动的，这使得设计准确和适应性强的分析和研究的任务变得复杂。此外，中国的规模、区域多样性和独特的分权行政体系，在试图准确解释中国的经济状况时，给从微观到宏观层面的概括和比较带来了困难。

本书不仅解读了专家们不断建立错误理论的意识形态，而且还研究了造成这一难题的因素。破解中国难题》对目前影响中国经济环境的几个主要经济和政治外交政策问题提供了一个启发性和纠正性观点。

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