Description: Nicholas R. Lardy argues that China's future growth prospects are shadowed by the specter of resurgent state dominance. This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, propping up ailing, underperforming companies that are a drag on China's potential.
Review Quotes: The State Strikes Back makes a compelling, deeply researched, and lucidly written case that the state is resurgent in China as market-oriented reforms stall. Nicholas Lardy, a preeminent expert on the Chinese economy, provides a balanced and insightful overview that, like his previous works, will become standard reference material for anyone interested in understanding the intricacies of the Chinese economy and policy making process.--Eswar S. Prasad, Cornell University