If the world's second-largest economy stumbles, will you be ready?
A Great Leap Forward? investigates the current state of China's economy and the possible futures that could unfold. Presenting a range of perspectives from an all-star cast of China experts, brought together by the best-selling and renowned economist John Mauldin and Global Macro Strategist Worth Wray, this book digs deep into China's position on the edge of a great transformation—or epic disaster—and lays out the potential impacts from the world's economy down to your personal portfolio. China's old smokestack economy is overbuilt and awash in debt, with a banking system that may be seriously underwater; at the same time, explosive growth in retail consumption and productivity may be ushering in a new era of growth—but can it last? Whether China continues to reach new heights or succumbs to high debt, zombie industries, and a 'de-liquefied' banking system, the outcome will shake the world. This book shows you how to prepare yourself and your portfolio for whatever the next five years may bring.
Whether you realize it or not, you're deeply invested in China's outcome. This book gives you a new, deeper insight into the coming boom—or bust—and shows you how to steel your portfolio against any threats that arise.
- Delve inside the current state of China's economy
- Reconcile future predictions with present realities
- Learn how China's future will impact the world's economy
- Protect your portfolio no matter what unfolds
China's reformers face rising debt, widespread risks to unemployment, and even threats to the Communist Party itself. The People's Republic needs a new plan, and we will all learn soon enough what it will look like—and whether or not it will work. Don't wait for a possible crisis, start preparing now to keep your portfolio safe out of the coming turbulence. The future of China is the future of the world, and A Great Leap Forward? helps you look ahead to forge the clearest path.