China: The Bubble that Never Pops

Thomas Orlik

Şub 2021 · Tantor Media Inc · Anlatan: Bob Souer

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The Chinese economy appears destined for failure, the financial bubble forever in peril of popping, the real estate sector doomed to collapse, the factories fated for bankruptcy. Banks drowning in bad loans. An urban landscape littered with ghost towns of empty property. Industrial zones stalked by zombie firms. Trade tariffs blocking the path to global markets. And yet, against the odds and against expectations, growth continues, wealth rises, international influence expands. The coming collapse of China is always coming, never arriving. Thomas Orlik, a veteran of more than a decade in Beijing, turns the spotlight on China's fragile fundamentals, and resources for resilience. Drawing on discussions with Communist cadres, shadow bankers, and migrant workers, Orlik pieces together a unique perspective on China's past, present, and possible futures. Mapping possible scenarios, Orlik games out what will happen if the bubble that never pops finally does. The magnitude of the shock to China and the world would be tremendous. For those in the West nervously watching China's rise as a geopolitical challenger, the alternative could be even less palatable.

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Thomas Orlik is Bloomberg's chief economist, based in Washington DC. Previously, Tom was the chief Asia economist for Bloomberg and China economics correspondent for the Wall Street Journal, based in Beijing. He is the author of Understanding China's Economic Indicators and China: The Bubble that Never Pops.

Bob Souer is a full-time professional storyteller and narrator. He has narrated numerous audiobooks, as well as broadcast and nonbroadcast projects for corporations and ministries across North America. You've heard Bob's voice on CBS, PBS, the History Channel, and many other networks.