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China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle Hardcover – March 13, 2018

4.3 out of 5 stars 97 ratings

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Editorial Reviews

From the Back Cover

"Dinny McMahon is one of the finest chroniclers of China's economic rise and this book - with its mixture of personal observation and sharp economic analysis - is a timely warning of the pitfalls that lie ahead for the world's most populous nation. A most provocative read."
Jamil Anderlini, Asia Editor for the Financial Times

"A superb, grassroots tour through the underworld of Chinese finance, an issue which -- much more than top-level power struggles or conflict with the United States -- could determine whether China becomes a true superpower or grinds to a halt under the weight of tons of bad debts." 
Richard McGregor, award-winning journalist and author of Asia's Reckoning: China, Japan, and the Fate of U.S. Power in the Pacific Century
  
"China's Great Wall of Debt by Dinny McMahon puts red meat on the dry bones of standard economic analysis about China. From fake Moutai and Bobbie bears to how the government plays with its 'great ball of money,' his 10 years on the ground during a critical period enable McMahon to provide unique insight into China's precarious financial condition today and how it is likely to evolve  tomorrow. A must read for those grappling with an increasingly closed China."
Carl E. Walter, former CEO JPMorgan Chase Bank China, and co-author of Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise

About the Author

DINNY MCMAHON spent more than a decade in China as a journalist covering the Chinese economy and financial systems for the Wall Street Journal and for the Dow Jones News Service. A native Australian, he is fluent in Mandarin. McMahon wrote China’s Great Wall of Debt while a fellow at the Woodrow Wilson International Center for Scholars in Washington DC.
 

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4.3 out of 5 stars
4.3 out of 5
97 customer ratings
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Reviewed in the United States on March 13, 2018
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Top international reviews

Philip M
5.0 out of 5 stars Fascinating analysis of China's opaque financial system and it's impending crisis.
Reviewed in the United Kingdom on August 29, 2018
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Brian Lait
5.0 out of 5 stars Essential reading to understand today's China
Reviewed in the United Kingdom on August 18, 2018
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Mr. M. J. Wilkinson
5.0 out of 5 stars A masterful view of China's recent economic trajectory
Reviewed in the United Kingdom on April 1, 2018
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Debjit Sengupta
4.0 out of 5 stars Avalanche of information
Reviewed in India on October 23, 2018
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Observer
4.0 out of 5 stars Well written and flows very well
Reviewed in the United Kingdom on July 14, 2018
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MR PATRICK SINNOTT
4.0 out of 5 stars The modern scene
Reviewed in the United Kingdom on September 4, 2018
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Howard Granger
4.0 out of 5 stars Comprehensive but succinct guide to the Chinese economy
Reviewed in Australia on September 2, 2018
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Simon Rotelli
4.0 out of 5 stars Inquietante
Reviewed in Italy on January 7, 2019
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LukC
4.0 out of 5 stars cautionary tale
Reviewed in Canada on January 19, 2020
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Amazon Customer
4.0 out of 5 stars Excellent summary of China’s current situation
Reviewed in Australia on August 29, 2018
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Gary H
5.0 out of 5 stars Insightful and informing.
Reviewed in Canada on October 3, 2019
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Sébastien Carzunel
5.0 out of 5 stars Good deal
Reviewed in Canada on May 3, 2019
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kim
5.0 out of 5 stars Good!
Reviewed in Japan on August 14, 2018
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Indiresh Phaltankar
2.0 out of 5 stars duplicate book???
Reviewed in India on August 5, 2018
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