The China Crisis: How China's Economic Collapse Will Lead to a Global Depression

The China Crisis: How China's Economic Collapse Will Lead to a Global Depression

James R. Gorrie

Language: English

Pages: 304

ISBN: 111847077X

Format: PDF / Kindle (mobi) / ePub

A controversial look at the impending Chinese economic collapse—the history behind it, its contemporary causes, and its dire implications for the global economy

All the experts agree: the 21st century belongs to China. Given America's looming insolvency and the possibility of the collapse of the U.S. dollar, who can doubt that China is poised to take over the role of economic superpower? Written by political economist and leading financial journalist James Gorrie, this book offers a highly controversial, contrarian view of contemporary China. Drawing upon a wealth of historical and up-to-the-minute data, Gorrie makes a strong case that China, itself, is on the verge of an economic crisis of epic proportions. He explains how, caught in a recurrent boom/bust cycle that has played itself out several times over the past sixty years, China is again approaching total economic and social collapse. But with one important difference this time: they may very well take the entire global economy down with them.

  • Explores the Chinese communist party's unfortunate history of making costly and very bloody mistakes on an enormous scale
  • One-by-one Gorrie analyzes those critical mistakes and explains how they may lead to economic collapse in China and global depression
  • Describes Chinese "cannibal capitalism," and where its massive abuse of the country's environment, people, and arable lands is leading that country and the world economy
  • Chronicles China's history of recurring economic crisis and explains why all the evidence suggests that history is about to repeat itself

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even feared. Wary of China’s growing power, the US, India, Japan, South Korea, Australia, Indonesia and others will behave in ways that harm China’s interests. Although China will not face a unified alliance like the Soviet Union did during the Cold War, it will confront an international landscape that is increasingly unwelcoming. This forecast is already coming to pass; even Burma, China’s erstwhile ally, is now looking to reduce its reliance on Beijing by opening up to the United States.2

conditions continue to deteriorate and Beijing’s oppression of the province escalates, that Xinjiang will seek further involvement and deeper ties with its Muslim neighbors and grow more distant from the CCP’s authority. That eventuality is a great worry to the Chinese communist leadership, and well it should be. The Sandals and Saffron Threat of Tibet The threat that Tibet poses to China’s empire is of a particularly moral—as well as political—nature, with its roots based in the Buddhist

face of an aging population and social welfare states under immense financial stress, both Europe and the United States, and also Japan for that matter, found themselves unable to compete with China’s lower labor costs. The lack of unions and plentiful workers at slave labor wage rates has given China a great advantage that they have made every effort to maximize. The unparalleled expansion of China’s rise as a global leader in manufacturing is significant because manufacturing is the base of a

of a country’s national identity. Be that as it may, the question, “Which context is the correct one?” begs an answer. In fact, at this time, it is virtually impossible to overstate China’s perceived financial clout in the world. China’s significance is undeniable, and its unavoidable influence around the world is in almost every field imaginable. But whether the decline in U.S. hegemony is fast or slow, and whether it will result in the fall of the international financial order dominated by the

the case of deforestation and desertification, China is literally many, many decades—if not hundreds of years—away from restoring the land to what it once was, if they are capable of doing so at all. Ghosts of Famines Past The same political and governing forces that have resulted in the mismanagement of China’s economy and development paths are in charge of restoring China’s environment. How likely is it that they will be successful? With corruption levels what they are, not very likely. And

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