Red Capitalism

The truth behind the rise of China and 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 China''s Extraordinary Rise, Revised Edition Carl Walter and Fraser Howie go deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that propelled China to economic powerhouse status, and 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 world''s premier global economy? Walter and Howie aren''t so certain, and in this revised and 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. and other countries suffering from economic decline and this book explores China''s next move • Packed with new