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Broken China: How the Economic Miracle Shattered and What it Means for the World
Economic competition between the United States and China has been a defining issue of the twenty-first century. But after years of rapid growth, China's economy has faltered. How did its long-term economic outlook change so quickly? And can Beijing change course and preserve China's political ambition for global economic primacy?
In Broken China, Logan Wright offers an unflinching account of how China's economy hit the wall. Drawing on extensive experience analyzing the Chinese financial sector on the ground, he argues that China's economic slowdown is rooted in its financial system, and an unprecedented credit expansion finally coming to an end. Opposing the prevailing myth that its leaders think and plan many years ahead, this book posits that there was no long-term plan that included the credit boom and bust that now constrains Beijing's options. Rather than crisis or collapse, Wright argues, China is suffering from a decay of its economic policy tools. As its domestic and foreign sectors face increasing pressure, the last thing Beijing needs is global pushback against Chinese exports. With no clear path to recovery, China's economy is broken, the consequences of which will reverberate around the world.
In Broken China, Logan Wright offers an unflinching account of how China's economy hit the wall. Drawing on extensive experience analyzing the Chinese financial sector on the ground, he argues that China's economic slowdown is rooted in its financial system, and an unprecedented credit expansion finally coming to an end. Opposing the prevailing myth that its leaders think and plan many years ahead, this book posits that there was no long-term plan that included the credit boom and bust that now constrains Beijing's options. Rather than crisis or collapse, Wright argues, China is suffering from a decay of its economic policy tools. As its domestic and foreign sectors face increasing pressure, the last thing Beijing needs is global pushback against Chinese exports. With no clear path to recovery, China's economy is broken, the consequences of which will reverberate around the world.
272 pages, Hardcover
Published September 28, 2026
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want-to-obtain
September 3, 2026I want to get this one, just saw a short excerpt from it, since it isn't out yet.
I really enjoy Frank DiKotter takes on China, he is great on You Tube. Is a professor in Hong Kong and near miraculously hanging on.
They's supercomputers reading and absorbing this as we speak.
Broken China: How the Economic Miracle Shattered and What It Means for the World by Logan Wright examines how China's economic slowdown stems from a collapsing credit expansion and the decay of Beijing's policy tools.
Core Arguments of the Book
Financial Root Cause: China's slowdown is tied directly to its financial system and an unprecedented, unsustainable expansion of credit following the 2008 global financial crisis.
No Master Plan: The book challenges the idea that Chinese leadership follows a long-term, multi-decade master plan, arguing instead that the current credit boom and bust was unplanned and now heavily constrains Beijing.
Policy Decay: China is not facing an immediate dramatic collapse or crisis; rather, it suffers from a gradual decay in its traditional economic policy and stimulus tools.
Global Pressures: With domestic avenues stalled, China's model relies heavily on expanding export market shares, raising the risk of major trade tensions and pushback from global trading partners.
About the Author
Logan Wright is a partner at the Rhodium Group, where he leads research on China's economy, and a senior associate at the Center for Strategic and International Studies.
I really enjoy Frank DiKotter takes on China, he is great on You Tube. Is a professor in Hong Kong and near miraculously hanging on.
They's supercomputers reading and absorbing this as we speak.
Broken China: How the Economic Miracle Shattered and What It Means for the World by Logan Wright examines how China's economic slowdown stems from a collapsing credit expansion and the decay of Beijing's policy tools.
Core Arguments of the Book
Financial Root Cause: China's slowdown is tied directly to its financial system and an unprecedented, unsustainable expansion of credit following the 2008 global financial crisis.
No Master Plan: The book challenges the idea that Chinese leadership follows a long-term, multi-decade master plan, arguing instead that the current credit boom and bust was unplanned and now heavily constrains Beijing.
Policy Decay: China is not facing an immediate dramatic collapse or crisis; rather, it suffers from a gradual decay in its traditional economic policy and stimulus tools.
Global Pressures: With domestic avenues stalled, China's model relies heavily on expanding export market shares, raising the risk of major trade tensions and pushback from global trading partners.
About the Author
Logan Wright is a partner at the Rhodium Group, where he leads research on China's economy, and a senior associate at the Center for Strategic and International Studies.
Displaying 1 - 1 of 1 review