Red Capitalism: The Fragile Financial Foundation of China's 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 China's 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 world's premier global economy? Walter and Howie aren't 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.
Indispensable reading for anyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy.
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LibraryThing ReviewUser Review - HadriantheBlind - LibraryThing
China is a long way from the days where there was only one bank (a minor sub-ministry of Mao's government apparatus) and the foreign currency reserves totaled some $38,000. Their economic rise, which ... Read full review