Red Capitalism. The Fragile Financial Foundation of Chinas Extraordinary Rise

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 Chinas 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 worlds premier global economy? Walter and Howie arent 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 Chinas next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on Chinas 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 Chinas past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering Chinas business strategies in todays extremely challenging global economy.