Summary of Dinny McMahon's China's Great Wall Of Debt

By IRB Media

Please note: This is a companion version & not the original book. Book Preview:

#1 In 1985, China's General Secretary Hu Yaobang visited Australia. He visited Paraburdoo, a small mining town just inside the southern edge of the Pilbara, and spoke of the town's rich iron ore reserves.

#2 The Pilbara region in Western Australia has been the site of many mining companies since 2000, as China’s economy graduates to the next stage and becomes the world’s biggest by 2030. But China’s economic weakness should have us all worried.

#3 I have spent 13 years living in China, first as a student and then as a financial journalist. I have always found there to be something irresistible about China, the pace of change, and the dynamism of its people. However, I have also seen how the Chinese economy has become increasingly dysfunctional.

#4 China’s growth has been fueled by debt. While it is difficult to determine exactly how much debt China carries, it is believed that the country has accumulated about $12 trillion in debt since 2008, which is the size of the American banking system in 2008.

• Language: English
• Publisher: IRB Media
• Release date: May 9, 2022
• ISBN: 9798822509955

IRB Media

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Insights on Dinny McMahon's Chinas Great Wall Of Debt

Contents

Insights from Chapter 1

Insights from Chapter 2

Insights from Chapter 3

Insights from Chapter 4

Insights from Chapter 5

Insights from Chapter 6

Insights from Chapter 7

Insights from Chapter 8

Insights from Chapter 9

Insights from Chapter 10

Insights from Chapter 1

#1

In 1985, China's General Secretary Hu Yaobang visited Australia. He visited Paraburdoo, a small mining town just inside the southern edge of the Pilbara, and spoke of the town's rich iron ore reserves.

#2

The Pilbara region in Western Australia has been the site of many mining companies since 2000, as China’s economy graduates to the next stage and becomes the world’s biggest by 2030. But China’s economic weakness should have us all worried.

#3

I have spent 13 years living in China, first as a student and then as a financial journalist. I have always found there to be something irresistible about China, the pace of change, and the dynamism of its people. However, I have also seen how the Chinese economy has become increasingly dysfunctional.

#4

China’s growth has been fueled by debt. While it is difficult to determine exactly how much debt China carries, it is believed that the country has accumulated about $12 trillion in debt since 2008, which is the size of the American banking system in 2008.

#5

China’s economy has remained upright and maintained high rates of growth, despite predictions of a crisis. This is proof of China’s exceptionalism, and its belief that America will eventually decline because of its waste and debt.

#6

China’s ascent has been beneficial for Australia, as the country has benefited from China’s rise more than any other country. However, the fear is that, in return for the privilege of enjoying the fruits of China’s ascent, there will be a steep price to pay.

#7

China’s economy is exceptional in the way that it can indefinitely