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Red capitalism the fragile financial foundation of China's extraordinary rise

This book presents the truth behind the rise of China and whether or not it will be able to maintain it. How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move. Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available. Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum. Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.

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  • "中国的非凡崛起与脆弱的金融基础"
  • "Zhongguo de fei fan jue qi yu cui ruo de jin rong ji chu"
  • "異常崛起的大銀行真相"
  • "Yi chang jue qi de da yin hang zhen xiang"
  • "Hongse ziben"
  • "Fragile financial foundation of China's extraordinary rise"

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  • "This book presents the truth behind the rise of China and whether or not it will be able to maintain it. How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move. Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available. Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum. Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy."@en
  • "In Red Capitalism, Carl Walter and Fraser Howie detail how the Chinese government reformed and modeled its financial system in the 30 years since it began its policy of engagement with the west. Instead of a stable series of policies producing steady growth, China's financial sector has boomed and gone bust with regularity in each decade. The latest decade is little different. Chinese banks have become objects of political struggle while they totter under balance sheets bloated by the excessive state-directed lending and bond issuance of 2009. Looking forward, the government's response to the."@en
  • "The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will it really surpass the U.S. as the world's premier global"@en
  • "In Red Capitalism, Carl Walter and Fraser Howie detail how the Chinese government reformed and modeled its financial system in the 30 years since it began its policy of engagement with the west. Instead of a stable series of policies producing steady growth, China's financial sector has boomed and gone bust with regularity in each decade. The latest decade is little different. Chinese banks have become objects of political struggle while they totter under balance sheets bloated by the excessive state-directed lending and bond issuance of 2009. Looking forward, the government's response to the"@en
  • "For many years now China's economy has seemed unstoppable. A slow appreciations of the renminbi in 2007 brought wave upon wave of liquidity into China and allowed its companies and banks to raise hundreds of billions in dollars via stock market listings. State banks that had started the new century as bankrupt relies of a communist past became the darlings of international investors. Even the collapse of Lehman Brothers in 2008 and the ensuing global financial crisis seemed to have little impact on Chin as the government quickly responded with a huge stimulus package. But the Lehman collapse was a dramatic wake up call to the Chinese leadership. This model of bank and capital market reform had been studiously emulated for more than a decade and had brought great benefits to China. But now, although they believed it to be bankrupt, the Chinese government were bereft to new ideas. In the face of the global financial crisis the government returned to what it knows best, massive state intervention via the banking system. Ten years of banking and Capital market reforms were dead. In Red Capitalism, Carl Walter and Fraser Howie detail how the Chinese government reformed and modeled its financial system in the 30 years since it began its policy of engagement with the west. Instead of a stable series of policies producing steady growth, China's financial sector has boomed and gone bust with regularity in each decade. The latest decade is little different, Chinese banks have become objects of political struggle while they totter under balance sheets bloated by the excessive state-directed lending and bond issuance of 2009. Looking forward, the government's response to the global financial crisis has created a banking system the stability of which can be maintained only behind the walls of a non-convertible currency, a myriad of off-balance sheet arrangements with non-public state entities and the strong support of its best borrowers-the politically potent National Champions-who are the greatest beneficiaries of the financial status quo. China's financial system is not a model for the west and, indeed, is not a sustainable arrangement for China itself as it seeks increasingly to assert its influence internationally. This is not a story of impending collapse, but of frustrated reforms that suggests that any full opening and meaningful reform of the financial sector is not, indeed cannot be, on the government's agenda anytime soon. --Book Jacket."

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  • "Electronic books"
  • "Electronic books"@en
  • "Livres électroniques"

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  • "Red capitalism the fragile financial foundation of China's extraordinary rise"
  • "Red capitalism the fragile financial foundation of China's extraordinary rise"@en
  • "中國金融大揭密 : 異常崛起的大銀行真相"
  • "Hong se zi ben : Zhongguo de fei fan jue qi yu cui ruo de jin rong ji chu = Hongse ziben : the fragile financial foundation of China's extraordinary rise"
  • "红色资本 : 中国的非凡崛起与脆弱的金融基础 = Hongse ziben : the fragile financial foundation of China's extraordinary rise"
  • "Red Capitalism"
  • "Red Capitalism The Fragile Financial Foundation of China's Extraordinary Rise"
  • "Red Capitalism The Fragile Financial Foundation of China's Extraordinary Rise"@en
  • "Red capitalism : The fragile financial foundation of China's extraordinary rise"
  • "Zhongguo jin rong da jie mi : yi chang jue qi de da yin hang zhen xiang = Red capitalism : the fragile financial foundation of China's extraordinary rise"
  • "Red capitalism : the fragile financial foundation of China's extraordinary rise"@es
  • "Red capitalism : the fragile financial foundation of China's extraordinary rise"
  • "Red capitalism : the fragile financial foundation of China's extraordinary rise"@en
  • "Zhong guo jin rong da jie mi : yi chang jue qi de da yin hang zhen xiang"
  • "Red Capitalism The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition"
  • "中國金融大揭密 : 異常崛起的大銀行真相 = Red capitalism : the fragile financial foundation of China's extraordinary rise"

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