A Great Leap Forward?: Making Sense of China’s Cooling Credit Boom, Technological Transformation, High Stakes Rebalancing, Geopolitical Rise, & Reserve Currency Dream
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A Great Leap Forward?: Making Sense of China’s Cooling Credit Boom, Technological Transformation, High Stakes Rebalancing, Geopolitical Rise, & Reserve Currency Dream
China is going to shake the world. Will you be ready?
The world’s second largest economy is on the edge of a great transformation… or an epic disaster. It has enormous implications for the global economy either way.
This e-book from best-selling author John Mauldin and Worth Wray features an all-star cast of China watchers. Whether you’ve watched from afar or seen the China miracle firsthand, this book will help you consider China’s future from a variety of perspectives. Most important, you’ll learn what China’s changes means for your portfolio.
About the Book:
Many economists and historians credit Beijing’s central planners for the nation’s transformation from a poor agrarian economy in the 1970s to a space-age industrial dynamo today. Some think an even greater leap forward is coming.
John Mauldin and Worth Wray say that either way, China will shake the world.
Decades of command & control governance have left China’s “old†smokestack economy overbuilt and awash in debt, with a banking system that may be seriously underwater. Beijing hopes rising retail consumption and productivity will usher in a new era of growth—but the devil is in the details.
China’s reformers face high & rising debt, zombie industries, a “deliquified†banking system, widespread risks to employment, and even threats to the Communist Party itself.
The People’s Republic needs a new plan. We will all learn in the next five years what it will look like… and whether or not it will work.
In A Great Leap Forward?, John and Worth continue the Mauldin Economics tradition of making the complex simple. Their handpicked experts will take you on a fascinating journey through China’s past, present, and future.
China’s future is the entire world’s future. What will it look like? Read A Great Leap Forward? to find out.
Contributors:
Nouriel Roubini
Ian Bremmer
Michael Pettis
Louis-Vincent Gave
Raoul Pal
Gillem Tulloch
Ambrose Evans-Pritchard
Neil Howe
Jack Rivkin
David Goldman
Jawad Mian
George Magnus
Leland Miller
Mark Hart
Logan Wright
Ernan Cui,
Andrew Batson
Simon Hunt
Samuel Rines
Jason Daw and Wei Yao