Notice bibliographique
- Notice
Type(s) de contenu et mode(s) de consultation : Texte noté : sans médiation
Auteur(s) : McMahon, Dinny
Titre(s) : China's great wall of debt [Texte imprimé] : shadow banks, ghost cities, massive loans, and the end of the Chinese miracle / Dinny McMahon
Publication : Boston : Houghton Mifflin Harcourt, copyright 2018
Description matérielle : 1 vol. (xxi-256 p.) ; 24 cm
Note(s) : Bibliogr. p. 215-245 and index
"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 ghost cities, and how the Chinese bureaucracy stared down Beijing's attempts
to break up the state's pointless monopoly on the distribution of table salt. Debt,
entrenched vested interests, a frenzy of speculation, and an aging population are
all pushing China toward an economic reckoning. [This book] unravels an incredibly
complex and opaque economy, one whose fortunes--for better or worse--will shape the
globe like never before."--Jacket
Sujet(s) : Dettes publiques -- Chine
Affaires -- Chine
Politique économique -- Chine -- 2000-....
Conditions économiques -- Chine -- 2000-....
Identifiants, prix et caractéristiques : ISBN 9781328846013 (rel.). - ISBN 9781328846020 (ebook)
Identifiant de la notice : ark:/12148/cb45566102p
Notice n° :
FRBNF45566102
(notice reprise d'un réservoir extérieur)
