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Verlagstext:

"From 1978 through the mid-1990s, China had the fastest-growing economy in the world, and it appeared poised to dominate Asia, and beyond, in the near future. But in The Coming Collapse of China, after focusing on facts rather than theory and looking at the conditions behind the spectacular numbers, Gordon Chang presents the People's Republic as a study in wasted potential: "Peer beneath the surface, and there is a weak China, one that is in long-term decline and even on the verge of collapse. The symptoms of decay are to be seen everywhere." For a nation that has always taken a long view of history, time is quickly running out. Chang believes China has about five years to get its economy in order before it suffers a crippling financial collapse--a timeline he seriously doubts can be met.

By failing to complete its reformation, China has maintained an illusion of progress, Chang explains, but in reality has caused more problems than opportunities for would-be entrepreneurs and foreign investors. Because reform has not been fast enough or comprehensive enough, China is unable to benefit from its modernisation or keep up technologically with much of the world. The government's reluctance to get rid of state-owned enterprises has not only rendered China uncompetitive just as it prepares to join the World Trade Organisation, but is causing the banks--which were forced to lend money to SOEs (state-owned enterprises)--to fail alongside them. Widespread unemployment, corruption within the Communist party, millions of resentful peasants, and a general lack of leadership further threaten stability. The Communist party "knows how to suppress but it no longer has the power to lead", Chang writes, arguing that the party is maintaining control only through the use of brute force and the people's instinct for obedience--popular support that could deteriorate as soon as the economy plunges. Simultaneously, societal ills such as gambling, drugs, and prostitution have become huge problems.

Stuck between Communism and capitalism, "China is drifting, unwilling to go forward as fast as it must and unable to turn back". It is uncertain what will be in the way when the giant finally falls."

Quelle: Shawn Carkonen, Amazon.com

 

/ AUS DEM INHALT: / / / 1The Dinner Party

The Revolution Has Grown Old

2Lake of Gasoline

The Discontent of the People Is Explosive

3Industrial Theme Parks

State-Owned Enterprises Are Dying

4future@china.communism

Is the Communist Part Ready for the Internet?

5Life Everlasting

Industrial Policy Grants Perpetual Existence to the Inept

6The Banks That Sank

Chinese Banks Will Fail

7Biting the Snakes

The State Attacks the Private Sector

8Highway Girls

China's Economy Stagnates

9Trade Charade

WTO Accession Will Trigger Collapse

10Sentences Without Verbs

11Emerging in the East

Can the Chinese State Evolve?

12Roads to Ruin

How the State Will Fall