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Recorded Books, LLC

China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle

China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle

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A stunning inside look at how and why the foundations upon which China has built the world¿s second largest economy have started to crumble.

Over the course of a decade spent reporting on the ground in China as a financial journalist, Dinny McMahon gradually came to the conclusion that the widely held belief in China¿s inevitable economic ascent is dangerously wrong. Debt, entrenched vested interests, a frenzy of speculation, and an aging population are all pushing China toward an economic reckoning. China¿s Great Wall of Debt unravels an incredibly complex and opaque economy, one whose fortunesamp;mdash;for better or worseamp;mdash;will shape the globe like never before.

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