China's Age of Abundance

Between the 1980s and the present day, China has experienced one of the most consequential economic transformations in world history. One-fifth of the Earth's population has left behind a life of scarcity and subsistence for one of abundance and material comfort, while their nation has emerged as a preeminent economic and political power. In a systematic historical and sociological analysis of this unique juncture, Wang Feng charts the origins, forces, and consequences of this meteoric rise in living standards. He shifts the focus away from institutions and policies to offer new perspectives based on consumption among poorer, rural populations as a driver of global economic change. But is this 'Age of Abundance' coming to an end? Anticipating potential headwinds, including an aging population, increasing inequality, and intensifying political control, Wang explores whether this preeminence could be coming to a close.

'Wang uses a lens of consumption patterns to superbly tell a unique history of China's economic rise, deconstructing the myth of a 'China development model' in the process. Wang also interrogates what will happen to China's age of abundance as population ageing and structural welfare imbalances inflict their toll, and why the rest of the world should care. Rich in its globally comparative probing, this lively book speaks to a diverse readership.' Rachel Murphy, University of Oxford

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