{"product_id":"the-china-crisis-isbn-9781118470770","title":"The China Crisis","description":"\u003cb\u003eA controversial look at the impending Chinese economic collapse—the history behind it, its contemporary causes, and its dire implications for the global economy\u003c\/b\u003e  \u003cp\u003eAll the experts agree: the 21st century belongs to China. Given America's looming insolvency and the possibility of the collapse of the U.S. dollar, who can doubt that China is poised to take over the role of economic superpower? Written by political economist and leading financial journalist James Gorrie, this book offers a highly controversial, contrarian view of contemporary China. Drawing upon a wealth of historical and up-to-the-minute data, Gorrie makes a strong case that China, itself, is on the verge of an economic crisis of epic proportions. He explains how, caught in a recurrent boom\/bust cycle that has played itself out several times over the past sixty years, China is again approaching total economic and social collapse. But with one important difference this time: they may very well take the entire global economy down with them.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eExplores the Chinese communist party's unfortunate history of making costly and very bloody mistakes on an enormous scale\u003c\/li\u003e \u003cli\u003eOne-by-one Gorrie analyzes those critical mistakes and explains how they may lead to economic collapse in China and global depression\u003c\/li\u003e \u003cli\u003eDescribes Chinese \"cannibal capitalism,\" and where its massive abuse of the country's environment, people, and arable lands is leading that country and the world economy\u003c\/li\u003e \u003cli\u003eChronicles China's history of recurring economic crisis and explains why all the evidence suggests that history is about to repeat itself\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eAcknowledgments xi\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 A World on Edge 17\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is the Proper Context in Which to Assess China Today? 18\u003c\/p\u003e \u003cp\u003eChina’s Self-Inflicted Crises 23\u003c\/p\u003e \u003cp\u003eGreat Leap Forward or Famine? 24\u003c\/p\u003e \u003cp\u003eCultural Revolution or Social Cannibalism? 26\u003c\/p\u003e \u003cp\u003eHow Has Economic Integration with the Global Economy Changed China? 30\u003c\/p\u003e \u003cp\u003eIs China Becoming the Next Superpower? 31\u003c\/p\u003e \u003cp\u003eTrading Partner to the World 32\u003c\/p\u003e \u003cp\u003eThe World’s Manufacturer 33\u003c\/p\u003e \u003cp\u003eAn Appetite for Commodities 34\u003c\/p\u003e \u003cp\u003eWhy Does China Have “Gold Fever?” 35\u003c\/p\u003e \u003cp\u003eWhat Does the Rise of Other Nations, but Especially of China, Mean for the Current Financial System? 37\u003c\/p\u003e \u003cp\u003eMarketing the China Brand 38\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Does China Have a Bright and Powerful Future? 40\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat’s Really behind the Great Wall? 41\u003c\/p\u003e \u003cp\u003eNotes 44\u003c\/p\u003e \u003cp\u003eStability and Legitimacy: A Chinese Crisis from Within 47\u003c\/p\u003e \u003cp\u003eWhat Kinds of Risks and Problems Are Typical of Unstable Nations? 48\u003c\/p\u003e \u003cp\u003eStability and Instability: What Are They? 49\u003c\/p\u003e \u003cp\u003eThe Source of China’s “Stability” 51\u003c\/p\u003e \u003cp\u003eWhat Are the Characteristics and Effects of Instability? 52\u003c\/p\u003e \u003cp\u003eDoes Stability also Mean “Legitimacy” in China? 54\u003c\/p\u003e \u003cp\u003eIs Legitimacy of the Government Necessary for Stability? 55\u003c\/p\u003e \u003cp\u003eDoes Communist China Have a History of Stability? 56\u003c\/p\u003e \u003cp\u003eDoes China’s Beijing Model Lead to Stability and Legitimacy? 58\u003c\/p\u003e \u003cp\u003eNotes 59\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 The Rising Tide of Instability 61\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHas China Been Influenced by Western Ideas? 64\u003c\/p\u003e \u003cp\u003eSources of Rising Instability in China 66\u003c\/p\u003e \u003cp\u003eNotes 96\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 Is China’s Economy Sustainable? 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Beijing Model: The Path Forward or Cannibal Capitalism? 100\u003c\/p\u003e \u003cp\u003eWhat Is the Beijing Model? 104\u003c\/p\u003e \u003cp\u003eIs the Beijing Model Self-Sustaining? 105\u003c\/p\u003e \u003cp\u003eNotes 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5: China’s Quiet Crisis: Financial and Economic Meltdown 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Perception of Strength 146\u003c\/p\u003e \u003cp\u003eChina’s Quality of GDP 148\u003c\/p\u003e \u003cp\u003eA Public and Private Stimulus Time Bomb 152\u003c\/p\u003e \u003cp\u003eDevelopment versus Economic Growth 155\u003c\/p\u003e \u003cp\u003eHow Much Was the Money Supply Expanded in China? 156\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Bursting Bubbles 157\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow Underperforming Are the Assets and the Loans Underlying Them? 159\u003c\/p\u003e \u003cp\u003eChina’s Banks Looking for the Real Thing 161\u003c\/p\u003e \u003cp\u003eCurrency Manipulation and the Domestic Economy 164\u003c\/p\u003e \u003cp\u003eWill the Yuan Devaluation Be Enough to Keep the Economy Going? 165\u003c\/p\u003e \u003cp\u003eInflation and Deflation Dangers 168\u003c\/p\u003e \u003cp\u003eFood for Riots 169\u003c\/p\u003e \u003cp\u003eFinancial Endgame 172\u003c\/p\u003e \u003cp\u003eNotes 174\u003c\/p\u003e \u003cp\u003eChina’s Extreme Environmental Degradation 177\u003c\/p\u003e \u003cp\u003eRaging Environmental Crises 178\u003c\/p\u003e \u003cp\u003eA History of Huge Mistakes 178\u003c\/p\u003e \u003cp\u003eHiding the Truth 183\u003c\/p\u003e \u003cp\u003eCommand Economies, Dehumanized Society, and Pollution 184\u003c\/p\u003e \u003cp\u003ePollution, Development, and Democracy 188\u003c\/p\u003e \u003cp\u003eChina’s Lose-Lose-Lose Proposition 190\u003c\/p\u003e \u003cp\u003eChina’s Air Pollution—Gasping For a Breath of Fresh Air 192\u003c\/p\u003e \u003cp\u003eBitter Water: China’s Lakes, Rivers, and Streams of Poison 194\u003c\/p\u003e \u003cp\u003eHow Bad Is the Water Pollution Situation in China? 195\u003c\/p\u003e \u003cp\u003eCancer Villages and Insanity 196\u003c\/p\u003e \u003cp\u003eWhy Has China’s Water Pollution Gotten So Bad? 197\u003c\/p\u003e \u003cp\u003eLifeless Oceans 198\u003c\/p\u003e \u003cp\u003eA Plague Upon the Land 199\u003c\/p\u003e \u003cp\u003eChina’s Dead Zones 200\u003c\/p\u003e \u003cp\u003eThe Land of Arsenic 201\u003c\/p\u003e \u003cp\u003eWhy Is Such Pollution Tolerated? 202\u003c\/p\u003e \u003cp\u003eCCP Land Policies Promote Abuse 203\u003c\/p\u003e \u003cp\u003eLosing the Breadbasket 204\u003c\/p\u003e \u003cp\u003eThe Deforestation and Desertification of China 207\u003c\/p\u003e \u003cp\u003eWhat Is the Real Cause of Desertification? 210\u003c\/p\u003e \u003cp\u003eGhosts of Famines Past 211\u003c\/p\u003e \u003cp\u003eNotes 214\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Political Transition and the Breaking Point 223\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWill Xi Jinping Unify the CCP? 227\u003c\/p\u003e \u003cp\u003eLiberalization versus Stability 231\u003c\/p\u003e \u003cp\u003ePassing the Torch: China’s New Nationalism 232\u003c\/p\u003e \u003cp\u003eDomestic Crises for the New Leadership 237\u003c\/p\u003e \u003cp\u003eHow Will the New Chinese Leadership Navigate the Rough Waters Ahead? 240\u003c\/p\u003e \u003cp\u003eHell and High Water 244\u003c\/p\u003e \u003cp\u003eNotes 244\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Empire Decline and Complexity Theory 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChina as an Empire 248\u003c\/p\u003e \u003cp\u003eHong Kong 256\u003c\/p\u003e \u003cp\u003eTaiwan 257\u003c\/p\u003e \u003cp\u003eChina’s Uighur Problem in Xinjiang 258\u003c\/p\u003e \u003cp\u003eThe Sandals and Saffron Threat of Tibet 260\u003c\/p\u003e \u003cp\u003eFear and Greed in the New Leadership 262\u003c\/p\u003e \u003cp\u003eComplexity Theory 263\u003c\/p\u003e \u003cp\u003eNotes 270\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 The Fall of the Red Dragon 273\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChina’s War with China 275\u003c\/p\u003e \u003cp\u003eThe Breakup 279\u003c\/p\u003e \u003cp\u003eConclusion 283\u003c\/p\u003e \u003cp\u003eNotes 284\u003c\/p\u003e \u003cp\u003eAbout the Author 285\u003c\/p\u003e \u003cp\u003eIndex 287\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eJAMES R. GORRIE\u003c\/b\u003e writes on macroeconomic topics, investment strategies, and geopolitical events around the world. He has interviewed experts such as renowned economist James K. Galbraith, currency expert Craig R. Smith, and real estate master George Ross of the Trump Organization. His articles have appeared or been referenced on sites such as MSN Money, Seeking Alpha, and Yahoo! Business News. He has served as Editorial Director and Managing Editor for digital publishing firms and is also an award-winning screenwriter, filmmaker (\u003ci\u003eThe Indian\u003c\/i\u003e), and novelist. James also ghostwrites for both famous and semi-famous personalities in America and abroad. Before writing professionally, James spent over eighteen years in the financial industry. He attended the University of California at Santa Barbara where he reached doctoral candidacy in international relations and comparative politics, with an area specialty in international political economy; he also holds a bachelor’s degree in economics. James lives in Austin, Texas, with his family and is busy writing for clients, his next novel, a couple of screenplays and another book.   \u003c\/p\u003e\u003cp\u003eAll the experts agree: the United States and EU are in rapid decline, and China is on the verge of replacing the United States as the world’s dominant superpower. It’s easy to see why that has become the consensus opinion when you consider China’s average 10% annual growth in GDP over the past decade; its position as the dominant consumer of raw commodities and number-one exporter of manufactured goods; and the trillions of dollars that nation holds in reserve currency and its role as primary lender to debt-ridden Western economies. \u003c\/p\u003e\u003cp\u003eSo, are the experts right . . . will the 21\u003csup\u003est\u003c\/sup\u003e century belong to China? Or is there a darker reality than that suggested by the picture of rosy good economic health successfully sold around the world by the Chinese government’s marketing apparatus?  \u003c\/p\u003e\u003cp\u003eIn a book that is sure to ignite controversy among the punditocracy, in academe and at the highest levels of government, political economist and leading financial journalist James R. Gorrie, makes a compelling case that a closer, more nuanced look at the facts reveals a starkly different truth about the modern Chinese colossus: namely, that it stands upon feet of clay which, even now, are crumbling beneath it.  \u003c\/p\u003e\u003cp\u003eRather than a nation on the cusp of replacing the United States as the global superpower, Gorrie avers, China is, once again, on the path to a complete economic and social meltdown. What makes this time different though, is that, unlike past China crises, this one is likely to have a devastating impact on the entire global economy.  \u003c\/p\u003e\u003cp\u003eDrawing upon a wealth of historical, demographic, statistical, and economic data, Gorrie develops a framework for understanding what’s going on inside China now, as well as that country’s future prospects, based on the seven key factors: \u003c\/p\u003e\u003cp\u003e\u003cb\u003eStability\u003c\/b\u003e: Is China’s economic development stable, and is China’s political system capable of responding constructively to instability? \u003c\/p\u003e\u003cp\u003e\u003cb\u003eSustainability\u003c\/b\u003e: Are China’s political and economic systems sustainable, or is the Beijing Model based entirely upon external markets and false demand driven by unsustainable debt? \u003c\/p\u003e\u003cp\u003e\u003cb\u003eDynamism\u003c\/b\u003e: Is there a healthy dynamic between Chinese society, the means of production, and the political system, or is Chinese state capitalism a form of “cannibal capitalism”? \u003c\/p\u003e\u003cp\u003e\u003cb\u003eJustice\u003c\/b\u003e: Are massive land seizures, a caste system, forced relocations, and slave wages rapidly undermining the regime’s legitimacy? \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePolitical adaptation\u003c\/b\u003e: Does Chinese political culture help businesses adapt to financial challenges, or does it become increasingly oppressive as wealth increases? \u003c\/p\u003e\u003cp\u003e\u003cb\u003eCreativity\u003c\/b\u003e: Do China’s economic system and political culture encourage innovation, or do they rely on theft and other forms of technology transfer, while driving its innovators out of the country? \u003c\/p\u003e\u003cp\u003e\u003cb\u003eRenewability:\u003c\/b\u003e Is the Beijing Model one that fosters renewability, or does it rashly sacrifice long-term stability and resource protection for short-term gains?  \u003c\/p\u003e\u003cp\u003eA meticulously researched and well-reasoned analysis of the state of China’s political economy and the tragic, all-too-predictable missteps that will inexorably lead to that nation’s collapse, \u003ci\u003eThe China Crisis\u003c\/i\u003e is must-reading for policymakers, business leaders, and every intelligent reader with an interest in world affairs.    \u003c\/p\u003e\u003cp\u003e“An inside look at China’s future. James R. Gorrie reveals a China that the mainstream press has failed to investigate. His conclusions, based in fact and historical reality, may change your thinking about this potential superpower, which may have overplayed its hand. A must-read in a world of global currency wars.”—\u003ci\u003eCraig R. Smith\u003c\/i\u003e, founder and Chairman of Swiss America Trading Corp., author, commentator, and monetary expert\u003c\/p\u003e \u003cp\u003e“Anyone who isn't aware of the impact China is going to have on the world over the next few years has their head stuck in the sand.  From their focused attack on the US dollar to the many bubbles they've created with their unsustainable economic policies, these will cause enormous impacts upon that country with reverberations that will be felt around the world.  James R. Gorrie does a fantastic job of laying out the \u003ci\u003ereal\u003c\/i\u003e story of China for all of the world to see.”—\u003ci\u003eJohn F. Carter\u003c\/i\u003e, Founder of TradeTheMarkets.com, frequent commentator on CNBC and Bloomberg and regular contributor to SFO magazine and MSN Money\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990187163877,"sku":"NP9781118470770","price":40.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781118470770.jpg?v=1761786839","url":"https:\/\/k12savings.com\/products\/the-china-crisis-isbn-9781118470770","provider":"K12savings","version":"1.0","type":"link"}