{"product_id":"9781137534002","title":"Debt and Distortion: Risks and Reforms in the Chinese Financial System","description":"\u003ch1\u003eDebt and Distortion: Risks and Reforms in the Chinese Financial System\u003c\/h1\u003e \u003ch2\u003eArmstrong-Taylor, Paul\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eChina’s unprecedented growth has\ntransformed the lives of its people and impacted economies across the globe. The\nfinancial system supported this growth by providing cheap loans to boost\ninvestment and, in a virtuous cycle, rapid growth insured that these loans\ncould be repaid. However, in recent years, this virtuous cycle has turned\nvicious. The financial system has continued to lend freely and cheaply as the\neconomy has slowed, and the risk of crisis has mounted. In response, the\ngovernment has initiated the most ambitious financial reforms in twenty years. Financial\nmarkets, businesses and governments are concerned about these risks and are\nstruggling to understand what the reforms will mean for China and the rest of\nthe world.\u003c\/p\u003e\n\n\u003cp\u003e\u003ci\u003eDebt\nand Distortion: Risks and Reforms in the Chinese Financial System\u003c\/i\u003e addresses the need for an up-to-date and accessible, yet\ncomprehensive analysis of China’s financial system and related reforms. It will\ntake a systematic look at China’sfinancial system: how it worked in the past\nand how it will work in the future; why reforms are needed; what risks they\nbring; and their impact on China and the rest of the world. By analyzing the\ntopic in terms of a few fundamental distortions, this book makes an otherwise\ncomplex topic accessible while simultaneously providing new insights. These\ndistortions provide a simple framework for understanding the nature of the\nChinese financial system and its future prospects. \u003c\/p\u003e\n\n\u003cp\u003eReform in China will transform the world’s\nsecond largest economy and impact everything from Peruvian copper mines to the\nLondon housing market. Business people, government officials, financiers and\ninformed citizens would all benefit from understanding how changes in China’s\nfinancial system will shape the global economy in the coming decades. \u003ci\u003e\u003c\/i\u003e\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2016-10-24\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9781137534002\u003c\/p\u003e \u003cp\u003eDOI: 10.1057\/978-1-137-53401-9\u003c\/p\u003e \u003cp\u003eDimensions: 235cm x155cm\u003c\/p\u003e \u003cp\u003ePages: 270\u003c\/p\u003e ","brand":"Palgrave Macmillan UK","offers":[{"title":"Default Title","offer_id":44752409493644,"sku":"9781137534002","price":49.49,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781137534002.jpg?v=1775916051","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781137534002","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}