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 society.

Beijing's cautious reforms have left the country stuck midway between communism and capitalism, Chang writes. With its impending World Trade Organization membership, for the first time China will be forced to open itself to foreign competition, which will shake the country to its foundations. Economic failure will be followed by government collapse. Covering subjects from party politics to the Falun Gong to the government's insupportable position on Taiwan, Chang presents a thorough and very chilling overview of China's present and not-so-distant future.

• We started tracking this book on May 16, 2012.
• This book was $16.99 when we started tracking it.
• The price of this book has changed 138 times in the past 4,879 days.
• The current price of this book is $1.99 last checked 14 hours ago.
• The lowest price to date was $1.99 last reached on September 23, 2025.
• This book has been $1.99 one time since we started tracking it.
• The highest price to date was $18.99 last reached on April 10, 2013.
• This book has been $18.99 one time since we started tracking it.
• This book is currently at its lowest price since we started tracking it.

• Business & MoneyInternationalEconomics
• Business & MoneyEconomicsTheory

• Publication Date: September 15, 2001
• Text-to-Speech: Disabled
• Lending: Disabled
• Print Length: 368 Pages
• File Size: 618 KB