China Technology

Chinese society has been shaped by the interplay of the EAST—exams, autocracy, stability, and technology—from ancient times through the present. Beginning with the Sui dynasty's introduction of the civil service exam, known as Keju, in 587 CE—and continuing through the personnel management system used by the Chinese Communist Party (CCP)—Chinese autocracies have developed exceptional tools for homogenizing ideas, norms, and practices. But this uniformity came with a huge downside: stifled creativity.

The future of finance–the way Wall Street operates and how individuals manage their money–is on the verge of upheaval. And the force underlying the change comes from China, where finance and technology are being merged into a system with consequences that resonate far beyond China’s border. The changes of this global revolution in finance and technology–fintech–will be as powerful as those wrought in social media, retailing and advertising by giants such as Amazon, Facebook, Google, and Twitter, which have overturned how we shop and communicate.

Fear swept Zhenjiang as British soldiers gathered outside the city walls in the summer of 1842. Already suspicious of foreigners, locals had also heard of the suffering the British inflicted two months earlier, in Zhapu. A wave of suicides and mercy killings ensued: rather than leave their families to the invaders, hundreds of women killed themselves and their children or died at the hands of male family members. British observers decried an "Asian culture" of ritual suicide. In reality, the event was sui generis—a tragic result of colliding local and global forces in nineteenth-century China.

In China's Next Act, Scott M. Moore re-envisions China's role in the world, with a focus on sustainability and technology. Moore argues that these increasingly pressing, shared global challenges are reshaping China's economy and foreign policy, and consequently, cannot be tackled without China.