Is the United States ceding its economic power to China? In this compelling book, Gordon C.K. Cheung uses theoretical exploration as well as empirical studies to scrutinize this key question and China's complex relations with the global economy. Employing innovative concepts, the author demonstrates that China's economic identity is now heavily influenced by the growth in its entrepreneurial spirit. Critically questioning the ebbing authority of the US in the East Asian region, Cheung identifies how China's exercise of soft power not only appeals to East Asian historical tradition, but...