
This book presents the truth behind the rise of China & whether or not it will be able to maintain it. How did China transform itself so quickly? In Red Capitalism: The Fragile Financial Foundation of Chinas Extraordinary Rise Revised Edition" Carl Walter & Fraser Howie go deep inside the Chinese financial machine to illuminate the social & political consequences of the unique business model that propelled China to economic powerhouse status & question whether this rapid ascension really lives up to its reputation. All eyes are on China but will it really surpass the U.S. as the worlds premier global economy? Walter & Howie arent so certain & in this revised & updated edition of " Red Capitalism" they examine whether or not the 21st century really will belong to China. The specter of a powerful China is haunting the U.S. & other countries suffering from economic decline & this book explores Chinas next move. Packed with new statistics & stories based on recent developments this new edition updates the outlook on Chinas future with the most cutting-edge information available. Find out how China financed its current position of strength & whether it will be able to maintain its astonishing momentum. Indispensable reading for anyone looking to understand the limits that Chinas past development decisions have imposed on its brilliant future " Red Capitalism" is an essential resource for anyone considering Chinas business strategies in todays extremely challenging global economy."