China's Superbank Debt, Oil and Influence - How China Development Bank Is Rewriting the Rules of Finance

Name: China's Superbank Debt, Oil and Influence - How China Development Bank Is Rewriting the Rules of Finance
Price: 18.99 USD
Availability: InStock
ISBN: 9781118176368

ISBN-10: 1118176367

ISBN-13: 9781118176368

Edition: 2013

Authors: Henry Sanderson, Michael Forsythe

List price: $76.00

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Description:

Anyone wanting a primer on the secret of China's economic success needs look no further than China Development Bank (CDB). The bank, 100 percent owned by the Chinese government, holds the key to understanding the inner workings of China's state-led economic development model, and its most glaring flaws. The bank is at the center of the country's efforts to build a world-class network of highways, railroads and power grids, pioneering a lending scheme to local governments that threatens to spawn trillions of yuan in bad loans. It is doling out credit lines by the billions to Chinese solar and wind power makers, threatening to bury global competitors with a flood of cheap products. Another…

Book details

List price: $76.00
Copyright year: 2013
Publisher: John Wiley & Sons Canada, Limited
Publication date: 1/22/2013
Binding: Hardcover
Pages: 250
Size: 6.40" wide x 9.30" long x 0.82" tall
Weight: 1.210
Language: English



Preface


Acknowledgments



Let 10,000 Projects Bloom


The Wuhu Model


The Chongqing Model


Global Financial Crisis


A Town Called Loudi


Li's Story


"Manhattan" in China


Credit Risk in a One-Party State


Cracks in the System



Turning a Zombie Bank into a Global Bank


A Life in the Party


The Princeling Party: The Beginning of State Capitalism


Taking Over a Basket Case


Transforming CDB from an ATM Machine


Developing a Slogan


Beating the Commercial Banks


Gao Jian: Creating a Market for "Risk-Free" Bonds


The West Self-Destructs: The Financial Crisis


Moving Beyond Wall Street



Nothing to Lose but Our Chains: China Development Bank in Africa


Made in Ethiopia


Ethiopia's Zone: Exporting to the West


China-Africa Development Fund: The State's Private Equity Arm


Rising Role of China in Africa


Fixed Capital: Western-Style Lending


African Tiger: Can Ghana Escape the Resource Curse?


Fresh Capital



Risk versus Reward: China Development Bank in Venezuela


Default in Bolï¿½var's Country


China's Venezuelan Adventure


Loans for Oil


Cars, Housing, and Gold: Good Business for China


Ecuador


Russia


China in the Backyard of the United States



Funding the New Economy


Obama's Dream


Default-Free Bond Market


Financing China's Global Company: Huawei


The Final Frontier: Private Equity


Acting as a Gatekeeper


Imprint of the State



The Future


About the Authors


Index