China's Great Wall of Debt : Shadow Banks, Ghost Cities, Massive Loans and the End of the Chinese Miracle Condition:Very Good Publication Date: 01 Dec 2017

Publication Date: 01 Dec 2017

Drawing on the unique pairing of their experience in psychology and economics

Take a trip to Hell and back with Russell Lee

and reflections on required or desirable future policy changes and outcomes

China's Great Wall of Debt : Shadow Banks, Ghost Cities, Massive Loans and the End of the Chinese Miracle Condition:Very Good Publication Date: 01 Dec 2017The world has long considered China a juggernaut of economic strength, but since the global financial crisis, the country's economy has ballooned in size, complexity, and risk. Once dominated by four state owned banks, the nation's financial system is a tangle of shadow banking entities, informal financial institutions, and complex corporate funding arrangements that threaten growth, stability, and reform efforts. The country has accumulated so much