A Great Leap Forward?: Making Sense of China's Cooling Credit Boom, Technological Transformation, High Stakes Rebalancing, Geopolitical Rise, & Reserve Currency Dream
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📖 Description
China is going to shake the world. Will you be ready? The world’s second largest economy is on the edge of a great transformation… or an epic disaster. It has enormous implications for the global economy either way. This e-book from best-selling author John Mauldin and Worth Wray features an all-star cast of China watchers. Whether you’ve watched from afar or seen the China miracle firsthand, this book will help you consider China’s future from a variety of perspectives. Most important, you’ll learn what China’s changes means for your portfolio.
About the Book: Many economists and historians credit Beijing’s central planners for the nation’s transformation from a poor agrarian economy in the 1970s to a space-age industrial dynamo today. Some think an even greater leap forward is coming. John Mauldin and Worth Wray say that either way, China will shake the world. Decades of command & control governance have left China’s “old” smokestack economy overbuilt and awash in debt, with a banking system that may be seriously underwater. Beijing hopes rising retail consumption and productivity will usher in a new era of growth—but the devil is in the details. China’s reformers face high & rising debt, zombie industries, a “deliquified” banking system, widespread risks to employment, and even threats to the Communist Party itself. The People’s Republic needs a new plan. We will all learn in the next five years what it will look like… and whether or not it will work. In A Great Leap Forward?, John and Worth continue the Mauldin Economics tradition of making the complex simple. Their handpicked experts will take you on a fascinating journey through China’s past, present, and future. China’s future is the entire world’s future. What will it look like? Read A Great Leap Forward? to find out.
Contributors:
Nouriel Roubini Ian Bremmer Michael Pettis Louis-Vincent Gave Raoul Pal Gillem Tulloch Ambrose Evans-Pritchard Neil Howe Jack Rivkin David Goldman Jawad Mian George Magnus Leland Miller Mark Hart Logan Wright Ernan Cui, Andrew Batson Simon Hunt Samuel Rines Jason Daw and Wei Yao