The Wealth of China
Untangling the Mystery of the World's Second-largest EconomyBook - 2014
China's near miraculous economic growth over the last thirty years gives rise to a series of conundrums: How did China eclipse two hundred years of Western growth in three short decades? Why have money and wealth grown so quickly in China? Why does the Chinese stock market experience such extreme rises and falls? Why is it so difficult to control property prices? Why are high interest loans becoming more and more prevalent? In The Wealth of China, financial observer Gao Qiang and economic scholar Yu Yi examine these and other questions in detail. From stock market bubbles to the prospect of financial deregulation, Gao and Yu combine their expertise to explore China's diverse and complex economy. Along the way, they untangle the central mystery of China's growth, with clear and candid commentary on a wealth of issues.