The Coming Collapse of China
by Gordon G. Chang · first published 2001
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China is hot. The world sees a glorious future for this sleeping giant, three times larger than the United States, predicting it will blossom into the world's biggest economy by 2010. According to Chang, however, a Chinese-American lawyer and China specialist, the People's Republic is a paper dragon. Peer beneath the veneer of modernization since Mao's death, and the symptoms of decay are everywhere: Deflation grips the economy, state-owned enterprises are failing, banks are hopelessly insolvent, foreign investment continues to decline, and Communist party corruption eats away at the fabric of
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…crashes in China, e.g. Gordon Chang has been doing this for decades - https://en.wikipedia.org/wiki/Gordon_G._Chang his book is a great joy to read after 22 years. https://en.wikipedia.org/wiki/The_Coming_Collapse_of_China It is so laughable to the extent that many Chinese argue that those journalists and writers are paid by the CCP to brainwash the west to let people believe that China is not a real threat as it faces…
on “China’s property giant Evergrande files for bankruptcy protection in Manhattan” ↗As does Gordon Chang "The Coming Collapse of China" (2001)
on “How much do you think it costs to make a pair of Nike shoes in Asia?” ↗I expect people to predict this will cause the downfall of China. People had been attributing causes to the downfall of China. "He is best known for his book The Coming Collapse of China (2001), in which he argued that the hidden nonperforming loans of the "Big Four" Chinese State banks would likely bring down China's financial system and its communist government and China would collapse…
on “China's central bank governor publicly warns of rising risks to financial system” ↗You should also read this book published in 2001, collapse is imminent! https://en.wikipedia.org/wiki/The_Coming_Collapse_of_China
on “A Crisis of Confidence Is Gripping China’s Economy” ↗His book 'The Coming Collapse of China' was published in 2001. That's almost 10 years ago and he's still chanting doom n gloom. Perhaps when he says 'The Coming' he means sometime in the next 150 years. Who knows.
on “The Party's Over: China's Endgame” ↗I first read about the coming collapse of China in 2001 (https://en.wikipedia.org/wiki/The_Coming_Collapse_of_China - revised edition published in 2012). I'm sure it will happen one day, and then all the broken clocks will be right.
on “China Tells Carriers to Block Access to Personal VPNs by February” ↗What are you talking about? Data has been collected since they opened up, enough for people to be writing books on it like https://en.wikipedia.org/wiki/The_Coming_Collapse_of_China Now are you going to say the data collected before is unreliable somehow and this time it's reliable?
on “China is flooding Taiwan with disinformation” ↗The author's record on prognostication is... not great. https://en.wikipedia.org/wiki/The_Coming_Collapse_of_China