{"product_id":"red-capitalism-9781118255100","title":"Red Capitalism","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003ePresents the truth behind the rise of China and whether or not it will be able to maintain it. This book looks at the social and political consequences of the unique business model that propelled China to economic powerhouse status, and question whether this rapid ascension really lives up to its reputation.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003ci\u003ePreface to the Second Edition xi\u003c\/i\u003e  \u003cp\u003e\u003ci\u003ePreface to the First Edition xvii\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eList of Abbreviations xxi\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1. Looking Back at the Policy of Reform and Opening  1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThirty years of opening up: 1978–2008  2\u003c\/p\u003e \u003cp\u003eThirteen years of reform: 1992–2005  10\u003c\/p\u003e \u003cp\u003eThe end of reform: 2005  15\u003c\/p\u003e \u003cp\u003eChina is a family business  22\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2. China’s Fortress Banking System  27\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBanks are China’s fi nancial system  29\u003c\/p\u003e \u003cp\u003eChina’s banks are big banks  31\u003c\/p\u003e \u003cp\u003eCrisis: The stimulus to bank reform, 1988 and 1998  33\u003c\/p\u003e \u003cp\u003eChina’s fortress banking system in 2010  41\u003c\/p\u003e \u003cp\u003eThe sudden thirst for capital \u003ci\u003eand\u003c\/i\u003e cash dividends, 2010  47\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3. The Fragile Fortress  53\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe People’s Bank of China restructuring model  56\u003c\/p\u003e \u003cp\u003eThe Ministry of Finance restructuring model  66\u003c\/p\u003e \u003cp\u003eThe “perpetual put” option to the PBOC  73\u003c\/p\u003e \u003cp\u003eThe new Great Leap Forward Economy  76\u003c\/p\u003e \u003cp\u003eChina’s latest banking model  82\u003c\/p\u003e \u003cp\u003eValuing the asset management companies  85\u003c\/p\u003e \u003cp\u003eImplications  88\u003c\/p\u003e \u003cp\u003e\u003cb\u003e4. China’s Captive Bond Market \u003c\/b\u003e \u003cb\u003e 95\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhy does China have a bond market?  98\u003c\/p\u003e \u003cp\u003eRisk management  102\u003c\/p\u003e \u003cp\u003eThe base of the pyramid: Protecting household depositors  116\u003c\/p\u003e \u003cp\u003e\u003cb\u003e5. The Struggle over China’s Bond Markets  125\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe CDB, the MOF, and the Big 4 Banks  126\u003c\/p\u003e \u003cp\u003eLocal governments unleashed  134\u003c\/p\u003e \u003cp\u003eCredit enhancements  141\u003c\/p\u003e \u003cp\u003eChina Investment Corporation: Linchpin of China’s financial system  145\u003c\/p\u003e \u003cp\u003eCycles in the fi nancial markets  158\u003c\/p\u003e \u003cp\u003e\u003cb\u003e6. Western Finance, SOE Reform, and China’s Stock Markets  163\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eChina’s stock markets today  164\u003c\/p\u003e \u003cp\u003eWhy does China have stock markets?  168\u003c\/p\u003e \u003cp\u003eWhat stock markets gave China  172\u003c\/p\u003e \u003cp\u003e\u003cb\u003e7. The National Team and China’s Government  185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eZhu Rongji’s gift: Organizational streamlining, 1998 186\u003c\/p\u003e \u003cp\u003eHow the National Team, its families, and friends benefit  196\u003c\/p\u003e \u003cp\u003eA casino or a success, or both?  209\u003c\/p\u003e \u003cp\u003eImplications  212\u003c\/p\u003e \u003cp\u003e\u003cb\u003e8. The Forbidden City  215\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Emperor of Finance  217\u003c\/p\u003e \u003cp\u003eBehind the vermillion walls  220\u003c\/p\u003e \u003cp\u003eAn Empire apart 227\u003c\/p\u003e \u003cp\u003eHave the walls been breached?   231\u003c\/p\u003e \u003cp\u003eCracks in the walls  235\u003c\/p\u003e \u003cp\u003eImperial ornaments  239\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAppendix  245\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eSelect Bibliography  249\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eIndex  251\u003c\/i\u003e\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":49406843617623,"sku":"9781118255100","price":22.94,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781118255100.jpg?v=1730497313","url":"https:\/\/bookcurl.com\/products\/red-capitalism-9781118255100","provider":"Book Curl","version":"1.0","type":"link"}