China’s Guaranteed Bubble: How implicit government support has propelled China’s economy while creating systemic risk

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Description

The truth about China’s financial industry―and the growing bubble that’s guaranteed to blow it apart…

 

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

 

It’s not a matter of if China’s bubble will burst. It’s a matter of when.

 

This eye-opening book from renowned financial scholar Ning Zhu provides a provocative in-depth analysis of China’s current economic practices―and the profound dangers they pose―in addition to a powerful wake-up call to investors, regulators, and all of the financial industry. Zhu’s book is packed with startling revelations, including:

 

* The enormous affect of China’s implicit guarantees on economic growth―and what’s going to happen when those guarantees are gone

* The ever-increasing size of China’s shadow banking industry―and how it’s just the tip of the iceberg

* The once-reliable strength of China’s real estate and stock markets―and how they’re threatened by government distortion

* The up to date financial innovations and channels―and 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, Zhu’s enlightening book is a will have to-read for anyone with interests or investments in China’s impulsively changing economy. You’ll find intriguing new perspectives on traditional growth models, innovative solutions for overcapacity problems, and revealing new stats on so-called Voodoo Statistics. You’ll get a glimpse at the back of the curtain of the “unknown unknowns” of China’s implicit guarantees―and learn just how risky these government policies will also be. Most importantly, Zhu’s book provides solid recommendations for diffusing the time bomb these guarantees can and will set off.

 

Brilliant, incisive, and in the end optimistic, China’s Guaranteed Bubble will incite a much-needed call for change and set us on a new path of prosperity and growth―for China, the economy, and the world.


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