The Coming Collapse of China by Gordon G. Chang

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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.

From the Hardcover edition.

About Gordon G. Chang

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Gordon Chang has lived and worked in China for almost two decades, most recently in Shanghai, as counsel to the American law firm Paul Weiss. His articles on China have been published in The New York Times, The Asian Wall Street Journal, The Far Eastern Economic Review, and The International Herald Tribune. This is his first book.From the Hardcover edition.
Published September 15, 2001 by Random House. 368 pages
Genres: Business & Economics, Political & Social Sciences, Professional & Technical, Travel, History. Non-fiction

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Chang (who has lived in China for nearly 20 years) argues that the economy of China can no longer withstand the internal and external pressures for change.

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The Guardian

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The China Dream Joe Studwell Profile Books £15, pp356 The Coming Collapse of China Gordon G Chang Century £14.99, pp355 The decades since 1979 have been good ones for the People's Republic of China.

Mar 10 2002 | Read Full Review of The Coming Collapse of China

Publishers Weekly

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Predicting the rapid fall of the Communist government, Chang, counsel to an American law firm in Shanghai and freelance journalist with the New York Times, the Asian Wall Street Journal and elsewhere, attempts to support his prediction by discussing a number of phenomena in China: the volatile d...

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