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China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle (Hardcover)
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China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle (Hardcover)
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- Book formatHardcover
- Fiction/nonfictionNon-Fiction
- GenreNonfiction
- Pub date2018-03-13
- Pages288
- EditionStandard Edition
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A stunning inside look at how and why the foundations upon which China has built the world's second largest economy, have started to crumble. Over the course of a decade spent reporting on the ground in China as a financial journalist, Dinny McMahon gradually came to the conclusion that the widely held belief in China's inevitable economic ascent is dangerously wrong. In this unprecedented deep dive, McMahon shows how, lurking behind the illusion of prosperity, China's economic growth has been built on a staggering mountain of debt. While stories of newly built but empty cities, white elephant state projects, and a byzantine shadow banking system, have all become a regular fixture in the press in recent years, McMahon goes beyond the headlines to explain how such waste has been allowed to flourish, and why one of the most powerful governments in the world has been at a loss to stop it. Through the stories of ordinary Chinese citizens, McMahon tries to make sense of the unique--and often bizarre--mechanics of the Chinese economy, whether it be the state's addiction to appropriating land from poor farmers; or why a Chinese entrepreneur decided it was cheaper to move his yarn factory to South Carolina; or why ambitious Chinese mayors build ghost cities; or why the Chinese bureaucracy was able to stare down Beijing's attempts to break up the state's pointless monopoly over the distribution of table salt. Debt, entrenched vested interests, a frenzy of speculation, and an aging population are all pushing China toward an economic reckoning. China's Great Wall of Debt unravels an incredibly complex and opaque economy, one whose fortunes--for better or worse--will shape the globe like never before.
China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle (Hardcover)
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Book format
Hardcover
Fiction/nonfiction
Non-Fiction
Genre
Nonfiction
Pub date
2018-03-13
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| Book format | HardcoverChina's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle (Hardcover) | HardcoverSparks: China's Underground Historians and Their Battle for the Future, (Hardcover) | HardcoverVictory in Shanghai: A Korean American Family's Journey to the CIA and the Army Special Forces, (Hardcover) | HardcoverPre-Owned Five Lost Classics: Tao, Huang-lao, and Yin-yang in Han China (Classics of Ancient China) (Hardcover) 0345365380 9780345365385 | HardcoverMeltdown: Greed, Scandal, and the Collapse of Credit Suisse, (Hardcover) | HardcoverBeijing Rules: How China Weaponized Its Economy to Confront the World, (Hardcover) | HardcoverUnit X: How the Pentagon and Silicon Valley Are Transforming the Future of War, (Hardcover) | PaperbackPre-Owned The Good Soldiers (Hardcover) by David Finkel | PaperbackAI Superpowers: China, Silicon Valley, and the New World Order, (Paperback) | PaperbackPre-Owned The Fourth Dimension: More Secrets for a Successful Faith Life (Paperback 9780882705613) by David Yonggi Cho |
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| Fiction/nonfiction | Non-FictionChina's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle (Hardcover) | Non-FictionSparks: China's Underground Historians and Their Battle for the Future, (Hardcover) | Non-FictionVictory in Shanghai: A Korean American Family's Journey to the CIA and the Army Special Forces, (Hardcover) | Non-FictionPre-Owned Five Lost Classics: Tao, Huang-lao, and Yin-yang in Han China (Classics of Ancient China) (Hardcover) 0345365380 9780345365385 | Non-FictionMeltdown: Greed, Scandal, and the Collapse of Credit Suisse, (Hardcover) | Non-FictionBeijing Rules: How China Weaponized Its Economy to Confront the World, (Hardcover) | Non-FictionUnit X: How the Pentagon and Silicon Valley Are Transforming the Future of War, (Hardcover) | Non-FictionPre-Owned The Good Soldiers (Hardcover) by David Finkel | Non-FictionAI Superpowers: China, Silicon Valley, and the New World Order, (Paperback) | Non-FictionPre-Owned The Fourth Dimension: More Secrets for a Successful Faith Life (Paperback 9780882705613) by David Yonggi Cho |
| Genre | NonfictionChina's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle (Hardcover) | -Sparks: China's Underground Historians and Their Battle for the Future, (Hardcover) | HistoryVictory in Shanghai: A Korean American Family's Journey to the CIA and the Army Special Forces, (Hardcover) | -Pre-Owned Five Lost Classics: Tao, Huang-lao, and Yin-yang in Han China (Classics of Ancient China) (Hardcover) 0345365380 9780345365385 | Business & InvestingMeltdown: Greed, Scandal, and the Collapse of Credit Suisse, (Hardcover) | -Beijing Rules: How China Weaponized Its Economy to Confront the World, (Hardcover) | -Unit X: How the Pentagon and Silicon Valley Are Transforming the Future of War, (Hardcover) | NonfictionPre-Owned The Good Soldiers (Hardcover) by David Finkel | Business & InvestingAI Superpowers: China, Silicon Valley, and the New World Order, (Paperback) | ReligionPre-Owned The Fourth Dimension: More Secrets for a Successful Faith Life (Paperback 9780882705613) by David Yonggi Cho |
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