{"product_id":"the-china-sinkhole-axel-rey-9781692683238","title":"The China Sinkhole: Increasing systemic fragility underneath China's debt-laden economy, expedited by the US-China trade war","description":"\u003cb\u003e How will China's economic fallout impact on your Money?\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eFor the consecutive two years of 2017-18, total interest costs in servicing China's gargantuan debt loads had much more than wiped out the entire gains from GDP growth. 1 in every 6 bucks created as the nation's output now needs to be expensed as the interest cost, to carry the nation's debt load.\u003c\/b\u003e\u003cbr\u003eWorse yet, \u003cb\u003eChina's debts are now growing at a pace that's twice to the average rate of increase in debt worldwide.\u003c\/b\u003e Interest expenses required to service all the piles of debts in 2018 amount to 16% of China's GDP.\u003cbr\u003eIs your financial future undermined by misleading information from Wall Street and some mainstream media? \u003cem\u003eQuite likely, a substantial portion of your stocks, mutual funds or 401-K are with investments linked to China's economy one way or the other.\u003c\/em\u003e\u003cbr\u003eWith the on-going US-China trade war, we now live in a recalibrated global economy.\u003cbr\u003e\u003cb\u003eWill the China debt sinkhole transduces into your money's sinkhole?\u003c\/b\u003e\u003cbr\u003eThis book helps to answer the above question by illustrating how China's ever-intensifying debt-driven growth model for the last decade has the entire world fooled.\u003cbr\u003e\u003cb\u003eIt makes available to the English-speaking world unreported prognosis from China's top-echelon high-finance sphere insiders, much of these were made available to the English-speaking world for the first time.\u003c\/b\u003e. For instance, with the China model, the creation of one trillion GDP requires the incurring of 6 trillion debt.\u003cbr\u003e\u003cem\u003eIf we apply the accrual principle in management accounting to China's GDP measurement, then China's GDP growth rates for both of the two years of 2017 and 2018 need to be construed as negative.\u003c\/em\u003e\u003cbr\u003eThis gauge, is what Wall Street money managers and mainstream media will not want to tell you about, for reasons relating to their own vested interests.\u003cbr\u003e \u003cb\u003eRating agency S\u0026amp;P assessed in September 2019 that, should the US-China trade war go on escalating, China's GDP growth rate could in a worst scenario decrease to 3.7% (from the 6.1% of 2018) in the next 10 years.\u003c\/b\u003e\u003cbr\u003e This book substantiates a view among some economists that China's economy is \u003cb\u003e\"not too big to fail, but too big to save\".\u003c\/b\u003e It features numerous crucial facts previously unreported in the English-speaking world, among others: \u003cb\u003eChina now carries a foreign debt of about US$ 2 Trillion. The no-frill value is only a fraction of the apparent book value of US$ 3 trillion that Beijing wants to show you.\u003c\/b\u003e\u003cbr\u003e Levin Y. Zhu, a former CEO to China International Capital Corporation had in 2018 estimated that \u003cb\u003ethe accrual total debt currently in China is, in reality, much larger than the official figure of 300% of GDP, as colossal amounts of debts, carried in the shadow banking industry is not being included in the pile.\u003c\/b\u003e\u003cbr\u003e\u003cem\u003e\"No one knows who owes what to whom or how much, only when it starts to go bankrupt will things start falling apart.\"\u003c\/em\u003e Peter Pauly, an economics professor at the University of Toronto's Rotman School of Management, commenting in an April 2018 CNBC report, regarding China's shadow banking industry.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e Axel Rey\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 1692683233\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9781692683238\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Independently Published\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 09\/12\/2019\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 90\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Paperback\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.32lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.02h x 5.98w x 0.22d","brand":"Axel Rey","offers":[{"title":"Paperback","offer_id":48587821973759,"sku":"9781692683238","price":12.75,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.whiterainbookhouse.com\/products\/the-china-sinkhole-axel-rey-9781692683238","provider":"WR Book House","version":"1.0","type":"link"}