The Case for China's Coming Collapse [View All]

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http://english.ohmynews.com/articleview/article_view.asp?no=167839&rel_no=1

The Case for China's Coming Collapse
An unraveling Communist Party, world's worst banking and environment disasters sources of demise

Though often called a pessimistic outsider for sounding the alarm about the rapidly deteriorating status quo in China, Gordon G. Chang, an American lawyer and author, takes the ad hominem attacks in stride.

During his nearly 20 years in Hong Kong and Shanghai as a corporate finance and securities lawyer, Chang saw a shadow creeping up on China's future. But what he was reading in the press in the late 1990s about the Chinese reform process was markedly different from the reality on the ground. Though China appeared to have changed remarkably on the outside, little had changed underneath.


Gordon Chang (left) speaks with Dane Richmond, a Korean Studies exchange student from Australian National University
©2004 T. Thacker
China's leadership was weak and doggedly pursing unsustainable policies. Meanwhile a crisis in its social welfare system grew. All this rested on what he called "the worst banking system in the world."

After writing about China for the New York Times and other prominent papers, and briefing U.S. government officials from the CIA and Pentagon, among others, he finally give up his law practice to write "The Coming Collapse of China" (2001)
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