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Description
China: The Bubble That Never PopsThe Chinese economy appears destined for failure, the financial bubble forever in peril of popping, the real estate sector doomed to collapse, the factories fated for bankruptcy. Banks drowning in bad loans. An urban landscape littered with ghost towns of empty property. Industrial zones stalked by zombie firms. Trade tariffs blocking the path to global markets. And yet, against the odds and against expectations, growth continues, wealth rises,
The Chinese economy appears destined for failure, the financial bubble forever in peril of popping, the real estate sector doomed to collapse, the factories fated for bankruptcy. Banks drowning in bad loans. An urban landscape littered with ghost towns of empty property. Industrial zones stalked by zombie firms. Trade tariffs blocking the path to global markets. And yet, against the odds and against expectations, growth continues, wealth rises, international influence expands. The coming collapse of China is always coming, never arriving. Thomas Orlik, a veteran of more than a decade in Beijing, turns the spotlight on China's fragile fundamentals, and resources for resilience. Drawing on discussions with Communist cadres, shadow bankers, and migrant workers, Orlik pieces together a unique perspective on China's past, present, and possible futures. From Deng Xiaoping's reform and opening to Donald Trump's trade war, Orlik traces the policy steps and missteps that have taken China to the brink of a "Lehman moment" credit crisis. Delving into the balance sheets for banks, corporates, and local governments, he plumbs the depths of financial risks. From Japan in 1989, to Korea in 1997, to the U.S. in 2007, he positions China in the context of a rolling series of global crisis. Mapping possible scenarios, Orlik games out what will happens if the bubble that never pops finally does. The magnitude of the shock to China and the world would be tremendous. For those in the West nervously watching China's rise as a geopolitical challenger, the alternative could be even less palatable.Binding Type: Hardcover
Publisher: Oxford University Press, USA
Published: 06/22/2020
ISBN: 9780190877408
Pages: 240
Weight: 1.10lbs
Size: 9.40h x 6.40w x 0.90d
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4.3 ★★★★★
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★★★★★ 5
Discusses all areas and needs
Format: Paperback
Very clear and concise. Great tool
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Reviewed in the United States on March 5, 2018
★★★★★ 5
Five Stars
Format: Paperback
Exactly what I expected
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Reviewed in the United States on August 4, 2016
★★★★★ 5
Five Stars
Format: Paperback
Thank you!
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Reviewed in the United States on June 20, 2015
★★★★★ 4
A must ...
Format: Paperback
A must for those considering / entering law school. Crisp.
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Reviewed in the United States on January 20, 2015
★★★★★ 5
Five Stars
Format: Paperback
Excellent
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Reviewed in the United States on April 10, 2015
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