Can I read China's great wall of debt : shadow banks, ghost cities, massive loans and the end of the Chinese miracle on EtoBox?

China's great wall of debt : shadow banks, ghost cities, massive loans and the end of the Chinese miracle by McMahon, Dinny is a history book available to read on EtoBox.

What is China's great wall of debt : shadow banks, ghost cities, massive loans and the end of the Chinese miracle about?

"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 g

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

Author

McMahon, Dinny

Publisher

Little, Brown Book Group Limited; Abacus

Published

2019

Language

EN

ISBN

9781408710340

Category

history

Subjects

Social Science, History, Social_sciences

Rating

4.3 / 5 (523 ratings)

Updated

2026-03-14