Question

what was the third revolution at money. explain.
class 10​

Answer 1

Answer:

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The Third Revolution: Xi Jinping and the New Chinese State

Book by Elizabeth C. Economy

Answer 2

The new paperback edition includes updates since 2018 on Chinese domestic political and economic events as well as changes in U.S.-China relations.

“One of the great paradoxes of China today,” writes eminent China scholar Elizabeth C. Economy, “is Xi Jinping’s effort to position himself as a champion of globalization, while at the same time restricting the free flow of capital, information, and goods between China and the rest of the world.” In her new book, The Third Revolution: Xi Jinping and the New Chinese State, Economy explains that “the ultimate objective of Xi’s revolution is his Chinese Dream—the rejuvenation of the great Chinese nation.”

Characterized by “a reassertion of the state in Chinese political and economic life at home, and a more ambitious and expansive role for China abroad,” Xi’s China is exercising “new levers of influence and power that others will have to learn to exploit and counter to protect and advance their own interests,” warns Economy, C. V. Starr senior fellow and director of Asia Studies at CFR.

Xi has reversed the thirty years of reform and opening initiated by former Chinese leader Deng Xiaoping’s Second Revolution and replaced it with his own Third Revolution, she writes. “What makes Xi’s revolution distinctive is the strategy he has pursued: the dramatic centralization of authority under his personal leadership; the intensified penetration of society by the state; the creation of a virtual wall of regulations and restrictions that more tightly controls the flow of ideas, culture, and capital into and out of the country; and the significant projection of Chinese power.”