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Dinny McMahon
Goodreads Author
Born
Melbourne, Australia
Website
Twitter
Genre
Member Since
August 2018
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China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle
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published
2018
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12 editions
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Frommer's China
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published
2003
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25 editions
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* Note: these are all the books on Goodreads for this author. To add more, click here.
“The Chinese economy is exceptional…Rather than being immune to crises, recessions, and funks, it’s unique in that Beijing is willing and able to intervene on a scale that allows it to postpone a reckoning indefinitely, albeit at the cost of storing up greater pain for the future…China’s authorities have an unparalleled capacity to kick the can down the road. But with every kick, the can gets bigger and doesn’t go as far.”
― 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
“Between 2011 and 2013, China laid more cement than the United States did during the entire twentieth century.”
― 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
“China’s authorities are willing to dismantle the shackles of explicit state control and to replace them with markets, but they fully retain the right to intervene whenever they don’t like what the markets are doing.”
― 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
