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A delayed collapse of China.
Gordon Chang’s 2001 book “The Coming Collapse of China” was a bestseller partly because its central message was what many western readers wanted to hear.
The book has spent 19 years on my bookshelf. Today, non-performing loans in China’s banking system are far bigger, both in magnitude and in percentage to banking assets or GDP. But a collapse has not happened.
I am going to wait no longer. To create space for other books, I have dumped Gordon’s book in a trash bin.
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