THE MYTH OF CHINESE CAPITALISM

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 bring 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.