The China crisis : how China's economic collapse will lead to a global depression / James R. Gorrie.

Format:

Book

Author/Creator:

Gorrie, James R.

Language:

English

Subjects (All):

Global Financial Crisis, 2008-2009.

China--Economic conditions--2000-.

China.

China--Economic policy--2000-.

Physical Description:

1 online resource (304 p.)

Edition:

1st ed.

Place of Publication:

Hoboken, N.J. : John Wiley & Sons, Inc., 2013.

Language Note:

English

Summary:

A controversial look at the impending Chinese economic collapse-the history behind it, its contemporary causes, and its dire implications for the global economy All the experts agree: the 21st century belongs to China. Given America's looming insolvency and the possibility of the collapse of the U.S. dollar, who can doubt that China is poised to take over the role of economic superpower? Written by political economist and leading financial journalist James Gorrie, this book offers a highly controversial, contrarian view of contemporary China. Drawing upon a wealth of historical and up

Contents:

Intro

CONTENTS

Acknowledgments

Introduction

Chapter 1 A World on Edge

What Is the Proper Context in Which to Assess China Today?

China's Self-Inflicted Crises

Great Leap Forward or Famine?

Cultural Revolution or Social Cannibalism?

How Has Economic Integration with the Global Economy Changed China?

Is China Becoming the Next Superpower?

Trading Partner to the World

The World's Manufacturer

An Appetite for Commodities

Why Does China Have "Gold Fever?"

What Does the Rise of Other Nations, but Especially of China, Mean for the Current Financial System?

Marketing the China Brand

Does China Have a Bright and Powerful Future?

What's Really behind the Great Wall?

Notes

Chapter 2 Stability and Legitimacy: A Chinese Crisis from Within

What Kinds of Risks and Problems Are Typical of Unstable Nations?

Stability and Instability: What Are They?

The Source of China's "Stability"

What Are the Characteristics and Effects of Instability?

Does Stability also Mean "Legitimacy" in China?

Is Legitimacy of the Government Necessary for Stability?

Does Communist China Have a History of Stability?

Does China's Beijing Model Lead to Stability and Legitimacy?

Chapter 3 The Rising Tide of Instability

Has China Been Influenced by Western Ideas?

Sources of Rising Instability in China

Chapter 4 Is China's Economy Sustainable?

The Beijing Model: The Path Forward or Cannibal Capitalism?

What Is the Beijing Model?

Is the Beijing Model Self-Sustaining?

Chapter 5: China's Quiet Crisis: Financial and Economic Meltdown

A Perception of Strength

China's Quality of GDP

A Public and Private Stimulus Time Bomb

Development versus Economic Growth

How Much Was the Money Supply Expanded in China?

Bursting Bubbles.

How Underperforming Are the Assets and the Loans Underlying Them?

China's Banks Looking for the Real Thing

Currency Manipulation and the Domestic Economy

Will the Yuan Devaluation Be Enough to Keep the Economy Going?

Inflation and Deflation Dangers

Food for Riots

Financial Endgame

Chapter 6 China's Extreme Environmental Degradation

Raging Environmental Crises

A History of Huge Mistakes

Hiding the Truth

Command Economies, Dehumanized Society, and Pollution

Pollution, Development, and Democracy

China's Lose-Lose-Lose Proposition

China's Air Pollution-Gasping For a Breath of Fresh Air

Bitter Water: China's Lakes, Rivers, and Streams of Poison

How Bad Is the Water Pollution Situation in China?

Cancer Villages and Insanity

Why Has China's Water Pollution Gotten So Bad?

Lifeless Oceans

A Plague Upon the Land

China's Dead Zones

The Land of Arsenic

Why Is Such Pollution Tolerated?

CCP Land Policies Promote Abuse

Losing the Breadbasket

The Deforestation and Desertification of China

What Is the Real Cause of Desertification?

Ghosts of Famines Past

Chapter 7 Political Transition and the Breaking Point

Will Xi Jinping Unify the CCP?

Liberalization versus Stability

Passing the Torch: China's New Nationalism

Domestic Crises for the New Leadership

How Will the New Chinese Leadership Navigate the Rough Waters Ahead?

Hell and High Water

Chapter 8 Empire Decline and Complexity Theory

China as an Empire

Hong Kong

Taiwan

China's Uighur Problem in Xinjiang

The Sandals and Saffron Threat of Tibet

Fear and Greed in the New Leadership

Complexity Theory

Chapter 9 The Fall of the Red Dragon

China's War with China

The Breakup

Conclusion

About the Author

Index.

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record and CIP data provided by publisher.

ISBN:

9781118705513

1118705513

9781118470800

111847080X

9781118470787

1118470788

OCLC:

865013310