An eye-opening deep dive into the sources and consequences of how China has financed it-s rise to global economic prominence
In The Red Dream: The Chinese Communist Party and the Financial Deterioration of China, veteran finance executive Carl Walter uses his unique experience in Chinese finance to deepen his exploration of how the Chinese Communist Party finances its obsession with GDP growth and social control. Overwhelmingly debt-fueled, the party-s financial strategy has driven an unsustainable growth in banking and state enterprise assets. Inevitably the party-s own financial health is being severely weakened and China-s future over the next decades put in doubt. You-ll also find:
- A discussion of the financial power of local governments and the Ponzi scheme created by their sale of land use rights
- How China-s entry into the World Trade Organization gave rise to today-s China
- How the party and China-s regulators enable banks to pres
