A Great Leap Forward?: Making Sense of China’s Cooling Credit Boom, Technological Transformation, High Stakes Rebalancing, Geopolitical Rise, & Reserve Currency Dream

About this book

China is going to shake the world. Will you be ready?The world’s second largest economy is on the edge of a great transformation… or an epic disaster. It has enormous implications for the global economy either way.This e-book from best-selling author John Mauldin and Worth Wray features an all-star cast of China watchers. Whether you’ve watched from afar or seen the China miracle firsthand, this book will help you consider China’s future from a variety of perspectives. Most important, you’ll learn what China’s changes means for your portfolio.About the Many economists and historians credit Beijing’s central planners for the nation’s transformation from a poor agrarian economy in the 1970s to a space-age industrial dynamo today. Some think an even greater leap forward is coming.John Mauldin and Worth Wray say that either way, China will shake the world.Decades of command & control governance have left China’s “old” smokestack economy overbuilt and awash in debt, with a banking system that may be seriously underwater. Beijing hopes rising retail consumption and productivity will usher in a new era of growth—but the devil is in the details.China’s reformers face high & rising debt, zombie industries, a “deliquified” banking system, widespread risks to employment, and even threats to the Communist Party itself.The People’s Republic needs a new plan. We will all learn in the next five years what it will look like… and whether or not it will work.In A Great Leap Forward?, John and Worth continue the Mauldin Economics tradition of making the complex simple. Their handpicked experts will take you on a fascinating journey through China’s past, present, and future.China’s future is the entire world’s future. What will it look like? Read A Great Leap Forward? to find out.Nouriel RoubiniIan BremmerMichael PettisLouis-Vincent GaveRaoul PalGillem TullochAmbrose Evans-PritchardNeil HoweJack RivkinDavid GoldmanJawad MianGeorge MagnusLeland MillerMark HartLogan WrightErnan Cui,Andrew BatsonSimon HuntSamuel RinesJason Daw and Wei Yao