The Red Dream: The Chinese Communist Party and the Financial Deterioration of China (Hardcover)

The Red Dream: The Chinese Communist Party and the Financial Deterioration of China By Carl E. Walter Cover Image

The Red Dream: The Chinese Communist Party and the Financial Deterioration of China (Hardcover)

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An eye-opening discussion of how China has financed it's rise to global economic prominence

In The Red Dream: The Chinese Communist Party and the Financial Deterioration of China, veteran finance executive and long-time resident of Beijing Carl E. Walter delivers an incisive and engaging exploration of how China managed to become a financial juggernaut over the course of two decades. The answer? Debt.

The book explains how China's largest banks spun off assets and manipulated accounting principles to create performance metrics acceptable to the market and to regulators while handing out extraordinary loans to local governments and state enterprises. You'll also find:

  • Discussions of the outsized influence of real estate developers and foreign multinationals in the Chinese economy
  • Explorations of the impact of China's entrance into the World Trade Organization
  • A holistic overview of how the Communist Party has financed China's growth and the political and economic implications of its strategies

An essential read for anyone interested in international economics, geopolitics, and finance, The Read Dream will also earn a place in the hands of finance professionals, bankers, policymakers, corporate strategists, and investors.

Carl E. Walter worked in China for over three decades. He has done IPOs of state enterprises, worked in joint venture investment banks, helped build out onshore banking platforms and was a member of the board of a large Chinese bank. Fluent in Mandarin, he holds a graduate studies certificate from Peking University and a PhD from Stanford University. Carl is the co-author of Red Capitalism and Privatizing China.
Product Details ISBN: 9781119896159
ISBN-10: 1119896150
Publisher: Wiley
Publication Date: August 29th, 2022
Pages: 288
Language: English