Is China's Economy Going to Collapse? Debate, History, Facts, Market, Outlook (2001)

• published: 13 May 2015
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Gordon Guthrie Chang (Chinese: 章家敦; pinyin: Zhāng Jiādūn) is a lawyer, author, and television pundit, best known for his book The Coming Collapse of China (2001), in which he argued that the hidden nonperforming loans of the "Big Four" Chinese State banks would likely bring down China's financial system and its communist government and China would collapse in 2006, 2011, 2012. In Nuclear Showdown: North Korea Takes On the World (2006), Chang suggests that North Korea is most likely to target Japan, not South Korea. Chang suggests that North Korean nuclear ambitions could be forestalled if there were concerted multinational diplomacy, with some "limits to patience" backed up by threat of an all-out Korean war. Chang's family was from Rugao, Jiangsu, China. Chang graduated from Columbia High School, Maplewood, New Jersey, in 1969, and served as class president in his senior year. He graduated from Cornell University, where he was a member of the Quill and Dagger society, in 1973, and the Cornell Law School in 1976. He is a regular contributor to The John Batchelor Show, The Glenn Beck Program on Fox News, and CNN. He appeared as a special guest on Comedy Central's The Daily Show with Jon Stewart on July 17, 2006. On February 3, 2010, he appeared on Al Jazeera English and argued that China does not have a lot of economic leverage over the United States, and it is actually the other way around. On November 24, 2010, he appeared on Imus in the Morning to discuss the Yeonpyeong artillery duel. Chang continues to maintain that China is on the brink of collapse and that the people are one step away from revolution. Chang also argues that China is a "new dot-com bubble", adding that the rapid growth by China is not supported by various internal factors such as decrease in population growth as well as slowing retail sales. In a separate interview, he remarked that China achieved its 149.2 percent of its current trade surplus with the United States through "lying, cheating, and stealing" and that if China decided to realize its threat that had been expressed since August 2007 to sell its US Treasuries, it would actually hurt its own economy which is reliant on exports to the United States; the economy of the United States would be hurt by a sell-off of Treasuries, causing the United States to buy less from China, which would in turn hurt the Chinese economy. http://en.wikipedia.org/wiki/Gordon_G._Chang Minxin Pei (Chinese: 裴敏欣; pinyin: Péi Mǐnxīn) is an expert on governance in the People's Republic of China, U.S.-Asia relations, and democratization in developing nations. He currently serves as the director of the Keck Center for International and Strategic Studies at Claremont McKenna College,[1] and is a former senior associate with the Asia Program at the Carnegie Endowment for International Peace. Pei earned his Bachelor's degree in English from the Shanghai International Studies University, and a Master's degree and PhD in Political Science from Harvard University. In addition, he holds an M.F.A. from the University of Pittsburgh.[2] He is a Tom and Margot Pritzker '72 Professor of Government and George R. Roberts Fellow and Director of the Keck Center for International and Strategic Studies. Pei has been a contributor to a number of periodicals, including China Quarterly, New York Times,[3] Foreign Policy, China Today, The Diplomat,[4] and Foreign Affairs,[5] and a frequent guest commentator on CNN, and National Public Radio, among others. In 2008, he was listed as one of the top 100 public intellectuals by Prospect magazine. http://en.wikipedia.org/wiki/Minxin_Pei