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For one who has watched the Chinese economy warily from a distance this book sheds light on the long & fascinating approach China’s leaders have ahead of them.
This audiobook is well researched and the performance is well done. The person reading the book can properly pronounce the mandarin words and his delivery is good. The content of the book is well researched and the author uses data that includes the most recent cases and statistics. The case he makes is overall compelling and well stated. While I do not agree with all his ideas, the basic case that China’s debt burden is too large and a threat to the economy is generally correct. Others, notably Michael Pettit have made a related argument in the past as part of a larger point but this book updates earlier work and adds excellent examples. The book is also compelling and uses examples that are entertaining to make the larger points. For anyone interested in understanding China’s economy, this book is one of several worth reading. It doesn’t explain everything but it does a good job making a case that there is too much debt. I am not as pessimistic as the author in his conclusions but he does a good job at making his case.