Inside China's Shadow Banking: The Next Subprime Crisis
Mr Zhang's book is marketed to people who suspect that systemic dangers lurk in these shadows. --Simon Cox, The Economist"Inside China s Shadow Banking" has hit shelves just as concerns about the country's runaway credit boom are capturing global headlines. --Peter Thal Larsen, Thomson ReutersOne of those who has helped shed a little light among the shadows is Joe Zhang, author of "Inside China's Shadow Banking: The Next Subprime Crisis". --Dinny McMahon, Wall Street Journal Now, two years on, he has written a book about his time at Wansui, entitled Inside China's Shadow Banking. His experiences are both illuminating and depressing. "Negative real interest rates and runaway credit growth have reinforced each other," he concludes, "creating the biggest credit bubble on the planet." --Tom Holland, South China Morning Post