China's Guaranteed Bubble: How implicit government support has propelled China's economy while creating systemic risk

Synopsis

In Recent Years, The Chinese Economy Has Been Fueled By The Implicit Guarantee Of Major Banks And Local Governments By The Nation’s Central Government. The Resultant Bubble Has Led To The Emergence Of A Large Shadow Banking Industry That Poses Major Risks To China’s Real Estate Market, Speculative Stock Investments, State-owned Enterprises, And More. -- The Faultless Default -- Failure Is An Option (in China's Shadow Banking Problem) -- Homebuyers Who Cannot Lose -- Petition Against The Csrc -- Alternative Financial Innovations -- Behind The Growth Engine : The Great Slowdown -- An Abundance Of Overcapacity -- From Fortune 500 To Truly Internationally Competitive Companies -- The Mother Of All Credit : The Government That Never Defaults -- Voodoo Statistics -- Guaranteed To Fail? International Lessons On Implicit Guarantees -- When The Tide Goes Out : How To Reform. Ning Zhu. Includes Bibliographical References And Index.