Coverart for item
The Resource China's great wall of debt : shadow banks, ghost cities, massive loans, and the end of the Chinese miracle, Dinny McMahon

China's great wall of debt : shadow banks, ghost cities, massive loans, and the end of the Chinese miracle, Dinny McMahon

Label
China's great wall of debt : shadow banks, ghost cities, massive loans, and the end of the Chinese miracle
Title
China's great wall of debt
Title remainder
shadow banks, ghost cities, massive loans, and the end of the Chinese miracle
Statement of responsibility
Dinny McMahon
Creator
Author
Subject
Language
eng
Summary
"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 reporting on the ground in China as a financial journalist, Dinny McMahon gradually concluded 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 become a fixture in the press, 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, including the state's addiction to appropriating land from poor farmers, why a Chinese entrepreneur decided it was cheaper to move his yarn factory to South Carolina, why ambitious Chinese mayors build ghost cities, and how the Chinese bureaucracy stared down Beijing's attempts to break up the state's pointless monopoly on 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. [This book] unravels an incredibly complex and opaque economy, one whose fortunes--for better or worse--will shape the globe like never before."--Jacket
Cataloging source
DLC
http://library.link/vocab/creatorName
McMahon, Dinny
Dewey number
336.3/40951
Index
index present
LC call number
HJ8811
LC item number
.M36 2018
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Debts, External
  • China
  • China
  • Debts, External
  • Economic history
  • Economic policy
  • China
  • BUSINESS & ECONOMICS / Globalization
  • BUSINESS & ECONOMICS / International
  • POLITICAL SCIENCE / World / Asian
Label
China's great wall of debt : shadow banks, ghost cities, massive loans, and the end of the Chinese miracle, Dinny McMahon
Instantiates
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction: fear and greed -- The black box -- The zombie accommodation -- Ghost cities -- Robbing Peter -- The island of misfit toys -- The great ball of money -- The resistance -- Voodoo economics -- The new normal
Control code
on1011550768
Dimensions
24 cm
Extent
xxi, 256 pages
Isbn
9781328846013
Lccn
2017045344
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)1011550768
Label
China's great wall of debt : shadow banks, ghost cities, massive loans, and the end of the Chinese miracle, Dinny McMahon
Publication
Bibliography note
Includes bibliographical references and index
Carrier category
volume
Carrier category code
  • nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
Introduction: fear and greed -- The black box -- The zombie accommodation -- Ghost cities -- Robbing Peter -- The island of misfit toys -- The great ball of money -- The resistance -- Voodoo economics -- The new normal
Control code
on1011550768
Dimensions
24 cm
Extent
xxi, 256 pages
Isbn
9781328846013
Lccn
2017045344
Media category
unmediated
Media MARC source
rdamedia
Media type code
  • n
System control number
(OCoLC)1011550768

Library Locations

    • Chelmsford Public LibraryBorrow it
      25 Boston Road, Chelmsford, MA, 01824, US
      42.5945374 -71.3516266
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