China's Great Wall of Debt
Shadow Banks, Ghost Cities, Massive Loans and the End of the Chinese Miracle
- Hardcover
288 pages
- Release Date
6 June 2018
Summary
The world has long considered China a juggernaut of economic strength, but since the global financial crisis, the country’s economy has ballooned in size, complexity, and risk. Once dominated by four state-owned banks, the nation’s financial system is a tangle of shadow banking entities, informal financial institutions, and complex corporate funding arrangements that threaten growth, stability, and reform efforts. The country has accumulated so much debt so quickly that economists increasingl…
Book Details
| ISBN-13: | 9781408710364 |
|---|---|
| ISBN-10: | 1408710366 |
| Author: | Dinny McMahon |
| Publisher: | Little, Brown Book Group |
| Imprint: | Little, Brown |
| Format: | Hardcover |
| Number of Pages: | 288 |
| Release Date: | 6 June 2018 |
| Weight: | 514g |
| Dimensions: | 163mm x 243mm x 26mm |
You Can Find This Book In
What They're Saying
Critics Review
One of the clearest and most thorough statements of an argument often made about the country: that its government has relied on constant stimulus to keep growth strong, an addiction that is bound to backfire. Second, he comes closer than any previous writer to covering the Chinese economy as Michael Lewis, the hugely popularauthor of The Big Short, might do. His analysis is informed but accessible, animated by anecdotes and characters, some colourful, some verging on tragic … McMahon is among the most compelling of the many analysts who conclude that China’s economic miracle will end painfully
* The Economist *An engaging economy lesson: human stories are at the heart of every chapter and he draws on his contacts to bring this well-researched analysis to life * Belfast Telegraph *McMahon tracks how the former juggernaut of growth allowed its economy to become mired in debt, and the dangers this poses for the rest of the world * Sunday Times *About The Author
Dinny McMahon
Dinny McMahon spent six years in Beijing as a financial reporter with The Wall Street Journal, where he focused on rising Chinese debt levels, urbanization, and the role of the country’s state sector in its economy. Prior to that he was a Shanghai-based reporter with Dow Jones Newswires, where he wrote about China’s foreign exchange markets. In 2015, McMahon left China and The Wall Street Journal to take up a fellowship at the Woodrow Wilson International Centre for Scholars, a think tank in Washington DC. He was awarded the fellowship to write this book.
Returns
This item is eligible for free returns within 30 days of delivery. See our returns policy for further details.