Book of Donmon Teith

Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial

Nonviable “zombie” firms have become a key concern in China. Using novel firm-level industrial survey data, this paper illustrates the central role of zombi

The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many

This book presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies. Pettis comb

Inside the engine-room of China's economic growth—the China Development Bank Anyone wanting a primer on the secret of China's economic success need look no fu