Publisher's Synopsis
China's stunning economic growth over the past three decades is mysterious to many observers. China's rise poses numerous questions: How did China eclipse two hundred years of Western growth in just three decades? Why have money and wealth grown so quickly in China? Why does the Chinese stock market frequently experience extreme spikes? Why are Chinese property prices so unpredictable? Why are more and more high interest loans being made?
In The Wealth of China, prominent financial observer Gao Qiang and well-known economic scholar Yu Yi examine these and other questions in detail. From stock market bubbles to the prospect of financial deregulation, Gao and Yu combine their expertise to explore China's diverse and complex economy. Along the way, they untangle the central mystery of China's growth, with clear and candid commentary on a wealth of issues.
