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The China BoomWhy China Will Not Rule the World$
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Ho-fung Hung

Print publication date: 2015

Print ISBN-13: 9780231164184

Published to Columbia Scholarship Online: May 2016

DOI: 10.7312/columbia/9780231164184.001.0001

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PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2022. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 07 July 2022

Global Crisis

Global Crisis

(p.145) Six Global Crisis
The China Boom

Ho-fung Hung

Columbia University Press

China's development has been darkened by an increasing imbalance between consumption and investment and the subsequent accumulation of non-performing loans, and such imbalance originates from the social political institutions underlying the China boom. China's economic imbalance is a source of the global economic imbalance that eventually fostered a global financial collapse in 2008. China is far from a solution to the global economic turmoil.

Keywords:   bad debts, overinvestment, underconsumption, global financial crisis, rebalancing, stimulus

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