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International - China: The Bubble that Never Pops

Description

Book Synopsis: The Chinese economy appears destined for failure, the financial bubble forever in peril of popping, the real estate sector doomed to collapse, the factories fated for bankruptcy. Banks drowning in bad loans. An urban landscape littered with ghost towns of empty property. Industrial zones stalked by zombie firms. Trade tariffs blocking the path to global markets. And yet, against the odds and against expectations, growth continues, wealth rises, international influence expands. The coming collapse of China is always coming, never arriving. Thomas Orlik, a veteran of more than a decade in Beijing, turns the spotlight on China's fragile fundamentals, and resources for resilience. Drawing on discussions with Communist cadres, shadow bankers, and migrant workers, Orlik pieces together a unique perspective on China's past, present, and possible futures. From Deng Xiaoping's reform and opening to Donald Trump's trade war, Orlik traces the policy steps and missteps that have taken China to the brink of a "Lehman moment" credit crisis. Delving into the balance sheets for banks, corporates, and local governments, he plumbs the depths of financial risks. From Japan in 1989, to Korea in 1997, to the U.S. in 2007, he positions China in the context of a rolling series of global crisis.

Mapping possible scenarios, Orlik games out what will happens if the bubble that never pops finally does. The magnitude of the shock to China and the world would be tremendous. For those in the West nervously watching China's rise as a geopolitical challenger, the alternative could be even less palatable.

Details

Discover the captivating story of China's resilient economy with "China: The Bubble that Never Pops" book. Dive into a fascinating narrative that challenges traditional perceptions of China's financial future. While the world fears an imminent collapse, this book unravels the secrets behind China's remarkable growth, expanding wealth, and increasing global influence.

Thomas Orlik, an experienced Beijing insider, takes you on a journey through China's economic landscape. By uncovering the fragile fundamentals and untapped resources for resilience, Orlik provides a unique perspective on China's past, present, and potential futures. His discussions with Communist cadres, shadow bankers, and migrant workers offer unparalleled insights into the inner workings of the Chinese economy.

Orlik delves into the depths of China's financial risks, examining the balance sheets of banks, corporates, and local governments. By tracing the policy decisions that brought China to the brink of a credit crisis, he draws parallels with past global crises and positions China as the next potential shockwave. Prepare yourself for a thought-provoking analysis that maps out various scenarios and explores the consequences if the bubble that never pops, finally does.

If you're concerned about China's rise as a geopolitical challenger, "China: The Bubble that Never Pops" offers a compelling perspective. Gain a comprehensive understanding of the risks and uncertainties China faces, and the potential impact on the global stage. Don't miss your chance to explore the future of the world's second-largest economy. Grab your copy today and immerse yourself in a captivating narrative that challenges conventional wisdom. Get your copy now!

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