China'S Guaranteed Bubble: How Implicit Government Support Has Propelled China'S Economy While Creating Systemic Risk

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  • Publish Date: 2016-03-11
  • Binding: Hardcover
  • Author: Ning Zhu

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The truth about Chinas financial industryand the growing bubble thats guaranteed to blow it apart

In recent years, the Chinese economy has been fueled by the implicit guarantee of major banks and local governments by the nations central government. The resultant bubble has led to the emergence of a large shadow banking industry that poses major risks to Chinas real estate market, speculative stock investments, state-owned enterprises, and more.

Its not a matter of if Chinas bubble will burst. Its a matter of when.

This eye-opening book from renowned financial scholar Ning Zhu provides a provocative in-depth analysis of Chinas current economic practicesand the profound dangers they poseas well as a powerful wake-up call to investors, regulators, and the entire financial industry. Zhus book is packed with startling revelations, including:

* The enormous impact of Chinas implicit guarantees on economic growthand what will happen when those guarantees are gone

* The ever-increasing size of Chinas shadow banking industryand how its just the tip of the iceberg

* The once-reliable strength of Chinas real estate and stock marketsand how theyre threatened by government distortion

* The latest financial innovations and channelsand how they are circumventing regulations and triggering unprecedented risks

Filled with fascinating case studies, worst case scenarios, and a well-argued case for much-needed reforms, Zhus enlightening book is a must-read for anyone with interests or investments in Chinas rapidly changing economy. Youll find intriguing new perspectives on traditional growth models, innovative solutions for overcapacity problems, and revealing new stats on so-called Voodoo Statistics. Youll get a glimpse behind the curtain of the unknown unknowns of Chinas implicit guaranteesand learn just how risky these government policies can be. Most importantly, Zhus book provides solid recommendations for diffusing the time bomb these guarantees can and will set off.

Brilliant, incisive, and ultimately optimistic, Chinas Guaranteed Bubble will incite a much-needed call for change and set us on a new path of prosperity and growthfor China, the economy, and the world.

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