Red Capitalism

Red Capitalism

The Fragile Financial Foundation of China's Extraordinary Rise

Book - 2012
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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.

Publisher: Singapore ; Hoboken, NJ : Wiley, 2012
Edition: Rev. and updated ed
ISBN: 9781118255100
Characteristics: xxi, 260 p. : ill., map ; 24 cm
Additional Contributors: Howie, Fraser J. T.


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Mar 14, 2015

A fascinating book. The authors posit, based upon empirical data, that the banking system of China is built on a most tenuous foundation, those foreign investments are into an oligopoly, and tightly controlled monopolies, not the soundest kind. Personally, this fits with other data I've read: the multinationals ship their jobs to China, and China's equity investments in return are based upon those jobs, a global loop which benefits the oligarchs of OECD countries and China, but is based upon a most anti-progress model!


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