China's Superbank - Henry Sanderson; Michael Forsythe

China's Superbank
4.00 Oceń książkę!

Autor: Henry Sanderson; Michael Forsythe

 Wydawnictwo: John Wiley Sons
ISBN: 9781118176368
EAN:
Format: ...
Oprawa: twarda
Stron: 224
Data wydania: 2013-01-01
Gdzie kupić tanią książkę?
Merlin
książka
176.40zł
Kup książkę
Książka w Twoim domu w ciągu 48h
This title looks inside the engine-room of China's economic growth - the China Development Bank. Anyone wanting a primer on the secret of China's economic success need look no further than China Development Bank (CDB) - which has displaced the World Bank as the world's biggest development bank, lending billions to countries around the globe to further Chinese policy goals. In "China's Superbank", Bloomberg authors Michael Forsythe and Henry Sanderson outline how the bank is at the center of China's domestic economic growth and how it is helping to expand China's influence in strategically important overseas markets. 100 percent owned by the Chinese government, the CDB holds the key to understanding the inner workings of China's state-led economic development model, and its most glaring flaws. The bank is at the center of the country's efforts to build a world-class network of highways, railroads, and power grids, pioneering a lending scheme to local governments that threatens to spawn trillions of yuan in bad loans. It is doling out credit lines by the billions to Chinese solar and wind power makers, threatening to bury global competitors with a flood of cheap products. Another $45 billion in credit has been given to the country's two biggest telecom equipment makers who are using the money to win contracts around the globe, helping fulfill the goal of China's leaders for its leading companies to "go global." Bringing the story of China Development Bank to life by crisscrossing China to investigate the quality of its loans, China's Superbank travels the globe, from Africa, where its China-Africa fund is displacing Western lenders in a battle for influence, to the oil fields of Venezuela. It offers a fascinating insight into the China Development Bank (CDB), the driver of China's rapid economic development. Travels the globe to show how the CDB is helping Chinese businesses "go global". It is written by two respected reporters at Bloomberg News. As China's influence continues to grow around the world, many people are asking how far it will extend. "China's Superbank" addresses these vital questions, looking at the institution at the heart of this growth. "Compelling read" -- The Wall Street Journal "The book is another useful insight into the workings of the Chinese state apparatus to come out of the Bloomberg bureau in Beijing -- in July it printed an expose about the family finances of Xi Jinping, and its website has been blocked since. One of the most striking aspects of the CDB story is how the bank managed to balance being a state-owned company with maintaining sufficient independence to function as a commercial business." -- Irish Times "Calls for reform in China tend to come in two kinds -- one, the most common in Chinese social media and popular discussion, calls for a crackdown on endemic forms of local tyranny, such as land seizures, black prisons, and bribery. The other, found among liberals within the Party and expatriate businessmen, talks about rolling back the growing dominance of the state and state-owned companies over the Chinese economy, opening more markets to competition and ending the practices that allow state-owned (or state-blessed) companies to command cheap access to capital, natural resources, and land. So far, Xi Jinping's term looks promising for advocates of the first but the book [China's Superbank: Debt, Oil and Influence -- How China Development Bank is Rewriting the Rules of Finance] makes a case that land seizures are at the very foundations of China's model of state capitalism." -- The Diplomat

Książka "China's Superbank"
Henry Sanderson; Michael Forsythe