China Bank

The renowned fantasy and science fiction writer China Mieville has long been inspired by the ideals of the Russian Revolution, and here, on the centenary of the revolution, he provides his own distinctive take on its history. In February 1917, in the midst of bloody war, Russia was still an autocratic monarchy: nine months later it became the first socialist state in world history. How did this unimaginable transformation take place? How was a ravaged and backward country, swept up in a desperately unpopular war, rocked by not one but two revolutions?

Over the course of a decade spent reporting on the ground in China as a financial journalist, Dinny McMahon gradually came to the conclusion that the widely held belief in China’s inevitable economic ascent is dangerously wrong. Debt, entrenched vested interests, a frenzy of speculation, and an aging population are all pushing China toward an economic reckoning. China’s Great Wall of Debt unravels an incredibly complex and opaque economy, one whose fortunes - for better or worse - will shape the globe like never before.

Are you curious how a culture could survive from the Neolithic Era to the present day? Do you need a compact and entertaining outline of China’s massive history? The very name of China conjures up stunning historical images. From the Great Wall snaking through its mountains to the thousands of terracotta warriors found buried in its Earth, the world is not unfamiliar with the technological feats and vast expanses of the Chinese nation.

In Money Machine: A Trailblazing American Venture in China, Weijian Shan delivers a compelling account of one of the most significant deals in private equity history: the first and only foreign acquisition of control of a Chinese national bank. Money Machine is the fascinating inside story of the transaction as told by the man who led it, from the intrigues of dealmaking to the complex and uncharted process of securing control by a foreign investor of a Chinese nationwide financial institution, a feat that had never before been attempted, nor has it been repeated.

China's Great Wall of Debt is a penetrating examination of the country's opaque financial system and the complex factors - demographic shifts, urbanisation, industrialisation, a pervasive over-reliance on debt-fuelled investments - that have brought the country to the brink of crisis. Anchored by stories of China's cities and its people, from factory workers and displaced farmers to government officials and entrepreneurs, the narrative will take readers inside the country's ghost cities, zombie companies, start-ups, and regulatory institutions as McMahon explains how things got so bad, why fixing the problems is so hard, and what the economic outlook means for China and for the rest of us.

For better or for worse, China's economy is the largest in the world. They have had the largest car market in the world for almost two decades, and the largest banks in the world for just as long. Many economists will point out that the sky is falling and that the rest of the world is doomed, which is partially true. Many analysts feel this has resulted from a lack of competitiveness and believe that democracy and capitalism are showing their age. One has to concede that this thinking is correct to some extent, but in reality, the brunt of China's growth, political might, and sphere of ...