- Paperback: 240 pages
- Publisher: Profile Books; 1st Edition edition (24 April 2008)
- Language English
- ISBN-10: 1846681553
- ISBN-13: 978-1846681554
- Product Dimensions: 21.4 x 13.8 x 2 cm
- Average Customer Review: 4.5 out of 5 stars See all reviews (2 customer reviews)
- Amazon Bestsellers Rank: 868,790 in Books (See Top 100 in Books)
Did you know you can trade in your old books for an Amazon.co.uk Gift Card to spend on the things you want? Visit the Amazon.co.uk Trade-In Store for more details. |
Product details |
More About the Author
Product Description
Book Description
Leading economic forecaster Charles Dumas shows how China's surging trade surplus is fuelling economic crisis in the USA and Europe. If China does not take action to correct the balance, the outlook is grim.
Product Description
In his last book, The Bill from the China Shop, Charles Dumas predicted how the Asian savings glut would force-feed US mortgage borrowing to excess. China and America points to the next risks. The current credit crunch is likely to be followed by an economic downswing, led by housing, but with weakened household wealth and confidence prolonging the pain. Now China's explosive exports are feeding through to overheat the domestic economy. Inflation is accelerating fast. Yet Beijing can only fight it by unpopular repression of domestic demand or finally letting China's yuan soar. A severe cutback in China's growth (probably after the Olympics) seems likely. If the Chinese authorities allow major yuan appreciation and progressively freer overseas investment, both the Chinese and world economies could rebalance quite easily. But if Beijing maintains a stubborn defence of the cheap yuan and control over its citizens' savings, the global outlook is set to be very much darker.
Inside This Book
(Learn More)
First Sentence
By mid-2007, China's goods exports were running at a $11/4 trillion annual rate (see Figure 1). Read the first page Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
By mid-2007, China's goods exports were running at a $11/4 trillion annual rate (see Figure 1). Read the first page Browse Sample Pages
Front Cover | Copyright | Table of Contents | Excerpt | Index | Back Cover
Suggested Tags from Similar Products(What's this?)Be the first one to add a relevant tag (keyword that's strongly related to this product)
|
Sell a Digital Version of This Book in the Kindle Store
If you are a publisher or author and hold the digital rights to a book, you can sell a digital version of it in our Kindle Store.
Learn more
What Other Items Do Customers Buy After Viewing This Item?
Customer Reviews
|
Share your thoughts with other customers:
|
||||||||||||||||||||||
|
Most Helpful Customer Reviews
1 of 1 people found the following review helpful:
5.0 out of 5 stars
Great reading,
This review is from: China And America: A Time of Reckoning: A Time for Reckoning (Paperback)
This book is a follow-up to one published a couple of years ago called The Bill from the China Shop. The author saw the threat emerging from the huge accumulation of dollars by China and prophesized what became the current sub-prime bust in the US. This time he examines the resulting credit crunch and outlines what needs to be done to prevent an even worse disaster befalling the world economy - as well as what might happen if no one pays attention! It's good too that most of the first book is included as an appendix!
4.0 out of 5 stars
Ouch!!!,
By Econofreak "Edster" (Asia) - See all my reviews
This review is from: China And America: A Time of Reckoning: A Time for Reckoning (Paperback)
Dumas predicted the current bust in the global economy long before it happened. Now in this follow-up book, China and America: A Time of Reckoning, he lays out what needs to be done to prevent even worse shocks. This isn't comforting reading. We are in hock to Beijing and so our fate is in Chinese hands. But if they follow his plan, which also is very much in their own interests, we just might be okay. If not, you better read this to know what to expect.
Share your thoughts with other customers: Create your own review
|
|
Listmania!
Look for similar items by category
Look for similar items by subject
Feedback
- Would you like to update product info or give feedback on images?
- I am the Author, and I want to comment on my book.
- I am the Publisher, and I want to comment on this book.
