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 modernization 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 Organization, but is causing the banks--which were forced to lend money to SOEs--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. --Shawn Carkonen --This text refers to an out of print or unavailable edition of this title.
Copyright 2001 Cahners Business Information, Inc.--This text refers to an out of print or unavailable edition of this title.
If China will collapse is doubtfull but there are definetly threats to the existance of the communist party.
Chang's book is also littered with odd inaccuracies and unfairly negative interpretations that left me questioning the merits of his bigger arguments.
China's economy or its government may one day collapse yet but their timing is surely out of the grasp of some intellectual light weight like Chang.
Filled with multiple example upon example to make his point the book is repetitious in the extreme. Could have made his case in half the space. Read morePublished 14 days ago by George Kraft
Sorry, America: China Is NOT Going to Collapse
Terrible analysis, bias, and selective story telling. These are some of the symptoms of Gordon Chang's book on China. Read morePublished 7 months ago by Zhenting Jiang
I guess being proven wrong and wrong again doesn't mean one cannot keep predicting the demise of china. Any idiot can write a book these days. Read morePublished 7 months ago by Jimmy Kohar
He made bad predictions based on faulty and simplistic assumptions. It is now 2014 and he predicted that the communist party of china would be gone by 2011. Read morePublished 7 months ago by nervousfarter
Very interesting take on China and its weaknesses. But China has begun the process of changing its onerous Stalinist past in a very unusual and creative way. Read morePublished 7 months ago by peterfox
This book was (is) Chinese disinformation. Sun Tzu wrote in The Art of War. “All warfare is based on deception. Appear weak when you are strong, and strong when you are weak. Read morePublished 8 months ago by Mark