Red capitalism: the fragile financial foundation of China's extraordinary rise

The truth behind the rise of China and whether or not it will be able to maintain it How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation. All eyes are on China, but will itreally surpass the U.S. as the world's premier global economy? Walter and Howie aren't so certain, and in this revised and updated edition of Red Capitalism they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. and other countries suffering from economic decline and this book explores China's next move Packed with new statistics and stories based on recent developments, this new edition updates the outlook on China's future with the most cutting-edge information available Find out how China financed its current position of strength and whether it will be able to maintain its astonishing momentum Indispensable reading foranyone looking to understand the limits that China's past development decisions have imposed on its brilliant future, Red Capitalism is an essential resource for anyone considering China's business strategies in today's extremely challenging global economy. INDICE : Chapter 1: One short nap took me all the way back to before 1949.1978-2008: 30 years of Opening 1992-2005: 13 years of Reform 2005: the end ofReform China is a family business Chapter 2: Chinas fortress banking system Banks are Chinas financial system Crisis and bank reform, 1994 and 1998Chinas fortress banking system in 2009The sudden thirst for capital and cash dividends, 2010 Chapter 3: The fragile fortress The foundation of Chinas banking machine Bad bank performance and its implications, 2009The perpetual put option to PBOCChinas new post-Lehman Brothers banking modelImplications Chapter 4: Chinascaptive bond market Why does China have a bond market? Yield curves in ChinaThe base of the Pyramid: protecting household depositors Chapter 5: The struggle over Chinas bond markets China Development Bank, the Ministry of Finance andthe Big 4 BanksPeoples Bank of China, NDRC and CSRC: corporate bondsLocal governments unleashed China Investment Corporation: the lynchpin of Chinas financial system Cycles in Chinas financial markets Chapter 6: Western finance, SOE reform and Chinas stock markets Why does China have stock markets? What the stock markets gave China Chapter 7: The National Team is Chinas government The National Team, the Organization Department, Huijin and SASAC Chinese stock markets: Who benefits? A casino or a success or both?Implications Chapter 8: The Forbidden City The Emperor of Finance Behind the vermillion walls Red capitalism means leverage The Emperors new financial playthings Appendices

• ISBN: 978-1-118-25510-0
• Editorial: John Wiley & Sons
• Encuadernacion: Cartoné
• Páginas: 300
• Fecha Publicación: 26/03/2012
• Nº Volúmenes: 1
• Idioma: Inglés