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China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans and the End of the Chinese Miracle Hardcover – 7 June 2018

4.4 out of 5 stars 73 ratings

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Review

One of the clearest and most thorough statements of an argument often made about the country: that its government has relied on constant stimulus to keep growth strong, an addiction that is bound to backfire. Second, he comes closer than any previous writer to covering the Chinese economy as Michael Lewis, the hugely popular
author of The Big Short, might do. His analysis is informed but accessible, animated by anecdotes and characters, some colourful, some verging on tragic . . . McMahon is among the most compelling of the many analysts who conclude that China's economic miracle will end painfully

The Economist

An engaging economy lesson: human stories are at the heart of every chapter and he draws on his contacts to bring this well-researched analysis to life ― Belfast Telegraph

McMahon tracks how the former juggernaut of growth allowed its economy to become mired in debt, and the dangers this poses for the rest of the world ― Sunday Times

About the Author

Dinny McMahon spent six years in Beijing as a financial reporter with The Wall Street Journal, where he focused on rising Chinese debt levels, urbanization, and the role of the country's state sector in its economy. Prior to that he was Shanghai-based reporter with Dow Jones Newswires, where he wrote about China's foreign exchange markets. In 2015, McMahon left China and The Wall Street Journal to take up a fellowship at the Woodrow Wilson International Centre for Scholars, a think tank in Washington DC. He was awarded the fellowship to write this book.
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Product details

  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 288 pages
  • ISBN-10 ‏ : ‎ 1408710366
  • ISBN-13 ‏ : ‎ 978-1408710364
  • Customer reviews:
    4.4 out of 5 stars 73 ratings

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4.4 out of 5 stars
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Philip M
5.0 out of 5 stars Fascinating analysis of China's opaque financial system and it's impending crisis.
Reviewed in the United Kingdom on 29 August 2018
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Observer
4.0 out of 5 stars Well written and flows very well
Reviewed in the United Kingdom on 14 July 2018
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Ben
2.0 out of 5 stars Quite basic
Reviewed in the United Kingdom on 28 February 2021
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MR PATRICK SINNOTT
4.0 out of 5 stars The modern scene
Reviewed in the United Kingdom on 4 September 2018
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LukC
4.0 out of 5 stars cautionary tale
Reviewed in Canada on 20 January 2020
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