The Coming Collapse of China

About “The Coming Collapse of China”

China is often seen as a rising economic power, with predictions that it will become the world's largest economy by 2010. However, according to Gordon G. Chang, a Chinese-American lawyer and China expert, the country is not as strong as it appears. He describes China as a "paper dragon," suggesting that beneath its modernization efforts, there are signs of deep problems. These include economic deflation, failing state-owned companies, insolvent banks, declining foreign investment, and widespread corruption within the Communist Party. Chang argues that China's cautious reforms have left it stuck between communism and capitalism. With its entry into the World Trade Organization, the country will face foreign competition for the first time, which could lead to economic failure and political collapse. The book also covers topics such as party politics, the Falun Gong movement, and China's stance on Taiwan, offering a detailed and alarming view of China's current situation and future.