by Carl Walter & Fraser Howie (Author's)
Red Capitalism provides a compelling analysis of the mechanisms behind China’s rapid economic ascent, emphasizing the fragile financial and institutional foundations that underpin it. Carl Walter and Fraser Howie explore the intersection of state control, banking, and capital markets, revealing how political priorities often override economic logic. The book is particularly valuable for its insider perspective on China’s financial system, highlighting the risks inherent in shadow banking, corporate debt, and state-directed investments. By combining rigorous research with accessible explanations, it offers readers both a clear understanding of China’s extraordinary growth and a cautionary perspective on potential vulnerabilities. While dense at times, Red Capitalism remains essential reading for economists, policymakers, and business professionals seeking to understand the complexities and paradoxes of China’s economic model. Rating: ⭐⭐⭐⭐☆ (4/5) Strengths: In-depth research, insider insights, practical relevance Limitations: Can be technical and dense for casual readers
Format
