Cracking the China Conundrum, Yukon Huang, 2017, book review
Ch 1
-growth model, pp 8
-unbalanced growth: low personal consumption, high investment -> huge trade surplus -> risk to lt growth
-uneven growth due to urbanization and regional differences
-personal consumption cannot grow without increased govt expenditures in social services to supplement personal consumption
-property bubble: most of debt is public, emerging private property market still finding balance
-excessive lending for huge growth: banks can pass poor decisions to state -> no risk of collapse
-competition in China also depends on local govt entities
Ch 3
orgins of Growth model
-p 42, late 1990s privatization of housing -> housing worth more that what they paid -> wealth effect spurred consumption
-wealth gap is growing, rural vs urban
-issues:
1. unbalanced growth
2. debt during economic slowdown
3. external trade, FX, FDI
China’s Great Wall of Debt: Dinny McMahon, 2018, Book
-high rate of growth for 4 decades
-emphasis on growth: stimulate economy, short-term growth, pay for it down the road
-China uses foreign nations’ access to economy as political tool
-Beijing willing to intervene, postpone crash, possible greater pain down the road
-debt: why state firms, local govt borrowed so much, how fin systems accommodated, why technocrats allow it, why it has no solution
End of an Era: How China’s Authoritarian Revival is Undermining Its Rise, 2018
Unmade in China: The Hidden Truth about China’s Economic Miracle: Jeremy R. Haft, 2015
Having read these books multiple times, I have found them instructional and deep in trying to understand the intent of Chinese factory owners and Chinese manufacturing in general. China’s manufacturing tactics heavily borrow from Chinese culture, which is much different in philosophy from the West.
Poorly Made in China
– Paul Midler, Jan 2011
The author goes through stories of North American traders and their dealings with Chinese factory owners. While his trials and tribulations are interesting, some of his overall observations are enlightening.
This is a preview of
Poorly Made in China, Whats Wrong with China: Paul Midler books
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