The Coming Collapse of China
China is hot. The world sees a glorious future for this sleeping giant, three times larger than the United States, predicting it will blossom into the world's biggest economy by 2010. According to Chang, however, a Chinese-American lawyer and China specialist, the People's Republic is a paper dragon. Peer beneath the veneer of modernization since Mao's death, and the symptoms of decay are everywhere: Deflation grips the economy, state-owned enterprises are failing, banks are hopelessly insolvent, foreign investment continues to decline, and Communist party corruption eats away at the fabric of society. Beijing's cautious reforms have left the country stuck midway between communism and capitalism, Chang writes. With its impending World Trade Organization membership, for the first time China will be forced to open itself to foreign competition, which will shake the country to its foundations. Economic failure will be followed by government collapse. Covering subjects from party politics to the Falun Gong to the government's insupportable position on Taiwan, Chang presents a thorough and very chilling overview of China's present and not-so-distant future. - Publisher.
Stats for nerds
1recommend
8mentions
8people
2010–2025years
13% recommend50% neutral38% critical
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What Hacker News says
- You can actual build a career by just keep predicting the upcoming economic crashes in China, e.g. Gordon Chang has been doing this for decades -
https://en.wikipedia.org/wiki/Gordon_G._Chang
his book is a great joy to read after 22 years.
https://en.wikipedia.org/wiki/The_Coming_Collapse_of_China
It is so laughable to the extent that many Chinese argue that those journalists and writers are paid by the CCP to brainwash the west to let people believe that China is not a real threat as it faces so many internal struggles. ;)
- The author's record on prognostication is... not great.
- As does Gordon Chang "The Coming Collapse of China" (2001)
- What are you talking about? Data has been collected since they opened up, enough for people to be writing books on it like https://en.wikipedia.org/wiki/The_Coming_Collapse_of_China
Now are you going to say the data collected before is unreliable somehow and this time it's reliable?
- You should also read this book published in 2001, collapse is imminent!
- I expect people to predict this will cause the downfall of China.
People had been attributing causes to the downfall of China.
"He is best known for his book The Coming Collapse of China (2001), in which he argued that the hidden nonperforming loans of the "Big Four" Chinese State banks would likely bring down China's financial system and its communist government and China would collapse in 2006, 2011, 2012, 2016, & 2017. Critics say that Chang has destroyed his own credibility by making wrong predictions repeatedly."[0]
Here, Gordon Chang predicted that demographics will be the downfall of China.[1]
Does anyone want to add other causes to the downfall of China?
Being an author trying to make some money off people's wishful thinking is not a bad idea though.
[0]: https://en.wikipedia.org/wiki/Gordon_G._Chang
[1]: http://nationalinterest.org/feature/chinas-self-inflicted-de...
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