• RRP: £23.99
  • You Save: £6.33 (26%)
FREE Delivery in the UK.
Only 1 left in stock (more on the way).
Dispatched from and sold by Amazon. Gift-wrap available.
Red Capitalism: The Fragi... has been added to your Basket

Dispatch to:
To see addresses, please
Please enter a valid UK postcode.
+ £2.80 UK delivery
Condition: Used: Good
Comment: UK Deliveries only please, no out of UK addresses Pages good , outside well worn, marks, scuffs, rips in DJ, may be missing DJ, will not include codes, no writing, highlights. UK Deliveries only please, no out of UK addresses
Have one to sell?
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 3 images

Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise Hardcover – 23 Mar 2012

5.0 out of 5 stars 1 customer review

See all 5 formats and editions Hide other formats and editions
Amazon Price
New from Used from
Kindle Edition
"Please retry"
"Please retry"
£9.60 £9.59
Note: This item is eligible for click and collect. Details
Pick up your parcel at a time and place that suits you.
  • Choose from over 13,000 locations across the UK
  • Prime members get unlimited deliveries at no additional cost
How to order to an Amazon Pickup Location?
  1. Find your preferred location and add it to your address book
  2. Dispatch to this address when you check out
Learn more
£17.66 FREE Delivery in the UK. Only 1 left in stock (more on the way). Dispatched from and sold by Amazon. Gift-wrap available.
click to open popover

Special offers and product promotions

Frequently bought together

  • Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise
  • +
  • The Party: The Secret World of China's Communist Rulers
Total price: £27.14
Buy the selected items together

Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.

  • Apple
  • Android
  • Windows Phone

To get the free app, enter your mobile phone number.

Product details

  • Hardcover: 288 pages
  • Publisher: John Wiley & Sons; Revised edition edition (23 Mar. 2012)
  • Language: English
  • ISBN-10: 1118255100
  • ISBN-13: 978-1118255100
  • Product Dimensions: 16 x 2.5 x 23.6 cm
  • Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Bestsellers Rank: 407,327 in Books (See Top 100 in Books)
  • If you are a seller for this product, would you like to suggest updates through seller support?

  • See Complete Table of Contents

Product description

From the Inside Flap

In the space of just a few short decades, China has transformed itself from a nation scarcely able to cover the cost of sending its highest–ranking dignitary to speak at the UN to one with financial reserves numbering trillions of dollars. In Red Capitalism: The Fragile Financial Foundation of China′s Extraordinary Rise, Revised Edition, Carl Walter and Fraser Howie, experts in Chinese finance, tell the story of China′s incredible ascension, how it got to where it is now, and what the future holds.

Exploring how China′s financial institutions from banks to corporations and most importantly, the national Communist Party, shape the country′s economic choices, development, and reform and what this means within China and for the rest of the world, the book examines whether or not the twenty–first century really will belong to China, calling into question the sustainability of the current system. Going deep inside the Chinese financial machine to illuminate the social and political consequences of the unique business model that has transformed the country into an economic powerhouse, Walter and Howie investigate whether the incredible gains of the last thirty–plus years really live up to their reputation.

While China has seemingly adopted a Western style of economic and commercial growth complete with stock–listed corporations and a growing class of accountants, lawyers, and investment bankers the reality is that China remains a Communist country, one in which the state can and frequently does step in to save struggling industries. In contrast to the common view of China as an unstoppable freight train of growth, Red Capitalism shows how the country′s decades of development have been marked not by steady ascension but rather an ongoing series of booms and busts that many corporations would not have been able to weather without large–scale government intervention.

With new and expanded coverage of China′s "Big 4" banks; why assigning credit ratings is still a problem; the rapid growth of Chinese national debt; and more, this fully revised edition of Red Capitalism is indispensable reading for anyone looking to understand the limits that China′s past development decisions have imposed on its promising future.

From the Back Cover

Praise for Red Capitalism

"The most important financial book of the year." James Grant Editor, Grant′s Interest Rate Observer

"Red Capitalism peels back the faÇade of China′s economy and reveals how the dominant role of the state has led to enormous financial leverage and endemic malinvestment. China′s major role in the global economy makes Red Capitalism required reading for any financial industry fiduciary." Mark L. Hart III Chairman, Corriente Advisors, L.L.C.

"China is bent on superpower rivalry; reserve currency status for the renminbi is a glint in the party′s eye. Red Capitalism puts a powerful case that its economy and financial system are not fully equipped to support such aspirations." Financial Times

"This book allows us to further deepen our analysis and prepare for the tumultuous events which impend." Socialism Today

"Walter and Howie possess a rare depth of experience in the analysis of the Chinesefinancial sector. Their hard–hitting conclusions,based on a wealth of empirical research, will stimulate debate about the future of theChinese financial system at a critical point in its evolution." Peter Nolan Sinyi Professor of Chinese Management, Cambridge Judge Business School, University of Cambridge

"Concise and erudite, Red Capitalism is a fantastic deep dive into China′s structurally flawed financial system." China Economic Review

"A penetrating analysis that demonstrates how hard it is to follow the old adage ′follow the money,′ and how rewarding it is to understand what will really drive China into the future." Christian Murck President, American Chamber of Commerce in China

"Walter and Howie put the Chinese financial system under the microscope to examine how an absence of leadership, institutional squabbling, and complacency have seen appetites for reform splutter out, replaced by stagnation and dysfunction. Theirs is a fascinating, entertaining, and necessary corrective to the hyperbole surrounding China′s seemingly miraculous rise." David Wilder Beijing Bureau Chief, Market News International

"Red Capitalism is an important addition to the reading list of any China–watcher." The Hindu

"Red Capitalism is a superb guide to China′sfinancial labyrinth. It′s a must–read for anyone who wants to understand the sources ofChinese economic power, and the threat posed by the nation′s vast hidden debts." Arthur Kroeber Editor, China Economic Quarterly


See all Product description

Customer reviews

5.0 out of 5 stars
5 star
4 star
3 star
2 star
1 star
Share your thoughts with other customers
See all 1 customer reviews

Top customer reviews

on 19 August 2014
Format: Hardcover|Verified Purchase
0Comment|Was this review helpful to you?YesNoReport abuse

Most helpful customer reviews on Amazon.com

Amazon.com: 3.8 out of 5 stars 56 reviews
One person found this helpful.
4.0 out of 5 starsAn eye-opener for me
on 20 September 2015 - Published on Amazon.com
Format: Hardcover|Verified Purchase
6 people found this helpful.
3.0 out of 5 starsDoesnt help make a complicated situation any clearer.
on 25 May 2012 - Published on Amazon.com
Format: Hardcover|Verified Purchase
4 people found this helpful.
4.0 out of 5 starsA little heavy on the acronyms, but a timely and insightful read
on 21 November 2011 - Published on Amazon.com
Verified Purchase
One person found this helpful.
5.0 out of 5 starsChina is wobbling, this book can tell you why
on 29 January 2016 - Published on Amazon.com
Verified Purchase
One person found this helpful.
5.0 out of 5 starsGreat book. Need to understand banking systems and international finance to really appreciate authors.
on 7 January 2014 - Published on Amazon.com
Format: Hardcover|Verified Purchase