Prime Day

Como cliente Amazon Prime obtén 3 meses de Audible gratis
Diseño de la portada del título China's Great Wall of Debt

China's Great Wall of Debt

Shadow Banks, Ghost Cities, Massive Loans and the End of the Chinese Miracle

 Muestra

Suscríbete a la prueba gratuita para poder disfrutar de este libro a un precio exclusivo para suscriptores

Pagar 11,89 € con prueba
Después de los 30 días, 9,99 €/mes. Cancela tu siguiente plan mensual cuando quieras.
Disfruta de más de 90.000 títulos de forma ilimitada.
Escucha cuando y donde quieras, incluso sin conexión
Sin compromiso. Cancela tu siguiente plan mensual cuando quieras.
Más información sobre la suscripción a Audible

China's Great Wall of Debt

De: Dinny McMahon
Narrado por: Dinny McMahon, Roger Davis
Pagar 11,89 € con prueba

Después de los 30 días, 9,99 €/mes. Cancela cuando quieras.

Compra ahora por 16,99 €

Compra ahora por 16,99 €

Oferta de tiempo limitado | 0,99 € al mes durante los primeros 3 meses

Obtén este título con una suscripción a Audible Premium: 0,99 € al mes durante los primeros 3 meses
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.©2018 Dinny McMahon Asia Política y gobierno
adbl_web_anon_alc_button_suppression_t1

Reseñas de la crítica

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 popular
author 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
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
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
No hay reseñas aún