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Book Description Hardcover. Condition: new. Hardcover. 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 increasingly predict a financial crisis that could make 'Brexit' or Greece's economic ruin seem minor, and could undermine China's ascent as a superpower. Earlier this year, President Xi Jinping issued an urgent call for reform that gives the country until 2020 to transform its economy - a vaguely-defined objective that most economists agree is unrealistic. Whether or not China will be responsible for the next global recession, as some experts forecast, the fate of its economy will have far-reaching consequences for the rest of the world. Yet the inner workings of China's financial system are still very much a mystery to most outsiders. Now more than ever, as the country's slowing economy is being felt around the globe, it is essential to understand how China allowed its economy to become so mired in debt. China's Great Wall of Debt is a penetrating examination of the country's opaque financial system and the complex factors - demographic shifts; urbanization; industrialization; a pervasive over-reliance on debt-fueled investments - that have brought the country to the brink of crisis. Anchored by stories of China's cities and its people; from factory workers and displaced farmers to government officials and entrepreneurs, the narrative will take readers inside the country's ghost cities, zombie companies, start-ups, and regulatory institutions as McMahon explains how things got so bad, why fixing the problems is so hard, and what the economic outlook means for China and for the rest of us. A stunning inside look at how and why the Chinese economy is barreling towards disaster and the impact its collapse would have on the rest of the world. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781408710364
Book Description hardback. Condition: New. Language: ENG. Seller Inventory # 9781408710364
Book Description Hardcover. Condition: New. Dust Jacket Condition: New. First Edition. 1st impression. 1st UK Edition. New copy picked straight from printer's packet. COVID/BREXIT/ROYAL MAIL STRIKES MAY MEAN DELAYS IN TRANSIT. Priority orders will be dispatched by Royal Mail TRACKED 24 or courier (particularly if over 2kg). Standard mail will be dispatched by Royal Mail TRACKED 48 (up to 2kg), heavier items by courier . Overseas orders will be dispatched by Royal Mail International.Tracked. PLEASE CONTACT ME FOR MY PRIVACY POLICY. Seller Inventory # mon0000025674
Book Description Hardback. Condition: New. New copy - Usually dispatched within 4 working days. A stunning inside look at how and why the Chinese economy is barreling towards disaster and the impact its collapse would have on the rest of the world. Seller Inventory # B9781408710364
Book Description Condition: new. Seller Inventory # 2a1aba13da7bd89606eaa31f0250365c
Book Description Hardcover. Condition: New. Seller Inventory # 6666-CBL-9781408710364
Book Description Hardcover. Condition: Brand New. 288 pages. 9.45x6.38x0.94 inches. In Stock. Seller Inventory # __1408710366
Book Description Hardcover. Condition: New. Seller Inventory # 6666-HCE-9781408710364
Book Description Condition: New. Seller Inventory # 30858530-n