{"product_id":"9781259644580","title":"China's Guaranteed Bubble","description":"\u003cb\u003eAuthor(s): Zhu, Ning\u003c\/b\u003e\u003cbr\u003e\u003cbr\u003e\n\n\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cb style=\"mso-bidi-font-weight: normal\"\u003eThe truth about China’s financial industry—and the growing bubble that’s guaranteed to blow it apart…\u003c\/b\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cstrong\u003e\u003c\/strong\u003e \u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003eIn recent 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.\u003c?xml:namespace prefix = \"o\" ns = \"urn:schemas-microsoft-com:office:office\" \/\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cb style=\"mso-bidi-font-weight: normal\"\u003eIt’s not a matter of \u003cu\u003eif\u003c\/u\u003e China’s bubble will burst. It’s a matter of \u003cu\u003ewhen\u003c\/u\u003e.\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003eThis 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—as well as a powerful wake-up call to investors, regulators, and the entire financial industry. Zhu’s book is packed with startling revelations, including:\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cb style=\"mso-bidi-font-weight: normal\"\u003e* The enormous impact of China’s implicit guarantees on economic growth—and what will happen when those guarantees are gone\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cb style=\"mso-bidi-font-weight: normal\"\u003e* The ever-increasing size of China’s shadow banking industry—and how it’s just the tip of the iceberg\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cb style=\"mso-bidi-font-weight: normal\"\u003e* The once-reliable strength of China’s real estate and stock markets—and how they’re threatened by government distortion\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003cb style=\"mso-bidi-font-weight: normal\"\u003e* The latest financial innovations and channels—and how they are circumventing regulations and triggering unprecedented risks\u003c\/b\u003e\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003eFilled with fascinating case studies, worst case scenarios, and a well-argued case for much-needed reforms, Zhu’s enlightening book is a must-read for anyone with interests or investments in China’s rapidly 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 behind the curtain of the “unknown unknowns” of China’s implicit guarantees—and learn just how risky these government policies can be. Most importantly, Zhu’s book provides solid recommendations for diffusing the time bomb these guarantees can and will set off.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003e\u003c\/p\u003e\u003cp\u003e \u003c\/p\u003e\u003cp class=\"MsoNormal\" style=\"MARGIN: 0in 0in 0pt\"\u003eBrilliant, incisive, and ultimately optimistic, \u003ci style=\"mso-bidi-font-style: normal\"\u003eChina’s Guaranteed Bubble\u003c\/i\u003e 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.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\n\n\u003cbr\u003e\u003cbr\u003eReview(s):\u003cbr\u003e\u003cbr\u003e\u003cbr\u003eEAN: 9781259644580\u003cbr\u003e\u003cbr\u003eAge Group:  \u003cbr\u003e\u003cbr\u003eNumber of Pages: 320\u003cbr\u003e\u003cbr\u003eWeight: 618.7 gr\u003cbr\u003e\u003cbr\u003e","brand":"McGraw Hill","offers":[{"title":"Book","offer_id":43845830344942,"sku":"9781259644580","price":82.9,"currency_code":"AUD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0630\/9612\/7726\/products\/China-s-Guaranteed-Bubble-Book-Land-AU-402.jpg?v=1679547517","url":"https:\/\/bookland.com.au\/products\/9781259644580","provider":"Book Land AU","version":"1.0","type":"link"}