- For Experts
Financial journalist Dinny McMahon reveals how current aspects of China’s economy echo the events that led up to the 2008 financial crisis in the United States: lax economic policy, excessive creation of new money, rising nonperforming loans and self-perpetuating asset bubbles in property markets. The author describes how, instead of tackling underlying structural problems, China’s government unleashed massive stimulus in the form of a building boom that its leaders hope will maintain strong growth. McMahon’s insights reveal a complex nation and the global consequences of its decisions.
About the Author
Formerly a financial reporter for The Wall Street Journal in Beijing, Dinny McMahon holds a fellowship at the Woodrow Wilson International Centre for Scholars.
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