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I expect people to predict this will cause the downfall of China. People had been attributing causes to the downfall of China. "He is best known for his book

I expect people to predict this will cause the downfall of China. People had been attributing causes to the downfall of China. "He is 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, 2016, & 2017. Critics say that Chang has destroyed his own credibility by making wrong predictions repeatedly."[0] Here, Gordon Chang predicted that demographics will be the downfall of China.[1] Does anyone want to add other causes to the downfall of China? Being an author trying to make some money off people's wishful thinking is not a bad idea though. [0]: https://en.wikipedia.org/wiki/Gordon_G._Chang https://en.wikipedia.org/wiki/Gordon_G._Chang [1]: http://nationalinterest.org/feature/chinas-self-inflicted-demographic-disaster-here-14216 http://nationalinterest.org/feature/chinas-self-inflicted-de...

zht 9y ago
It's actually really frustrating every time I see Gordon Chang on CNN or some other news channel as an "expert" on China. He makes these Harold Camping like predictions about how China will fail by a specific year, none of which have obviously come true. I actually wonder if people who don't know his history of poor predictions that well see his last name "Chang" and assume that he has some inside knowledge or knows more about China than the actual pundit.
- eru 9y ago
  CNN wants to catch your attention long enough to look at the next advertisement. They don't care about whether Gordon Chang's predictions turn out true or not. Predictions of doom and gloom are more exciting than 'most likely systems will muddle through and status quo stays king'.
askgoranything 9y ago
China is already in a downfall. Did you not notice the stock market crash, strict capital control, prevention of outward investment by companies, outlaw of bitcoin, etc? Don't rule out the messege, just because of the messenger. Here are some others: - China central bank warns against 'Minsky Moment' due to excessive optimism (non gordon chang) http://www.reuters.com/article/us-china-congress-debt-minskymoment/china-central-bank-warns-against-minsky-moment-due-to-excessive-optimism-idUSKBN1CO0D6 http://www.reuters.com/article/us-china-congress-debt-minsky... - China’s debt surpasses 300 percent of GDP https://www.cnbc.com/2017/06/28/chinas-debt-surpasses-300-percent-of-gdp-iif-says-raising-doubts-over-yellens-crisis-remarks.html https://www.cnbc.com/2017/06/28/chinas-debt-surpasses-300-pe... - Why China Lost About $3.8 Trillion To Capital Flight In The Last Decade https://www.forbes.com/sites/insideasia/2017/02/22/china-capital-flight-migration/#76f64b4c4a37 https://www.forbes.com/sites/insideasia/2017/02/22/china-cap... - S&P says downgraded China as credit growth still too fast http://www.reuters.com/article/us-china-economy/sp-downgrades-china-says-rising-debt-is-stoking-economic-financial-risks-idUSKCN1BW18Z?il=0 http://www.reuters.com/article/us-china-economy/sp-downgrade...

zht 9y ago

It's actually really frustrating every time I see Gordon Chang on CNN or some other news channel as an "expert" on China. He makes these Harold Camping like predictions about how China will fail by a specific year, none of which have obviously come true. I actually wonder if people who don't know his history of poor predictions that well see his last name "Chang" and assume that he has some inside knowledge or knows more about China than the actual pundit.

eru 9y ago
CNN wants to catch your attention long enough to look at the next advertisement. They don't care about whether Gordon Chang's predictions turn out true or not. Predictions of doom and gloom are more exciting than 'most likely systems will muddle through and status quo stays king'.

askgoranything 9y ago

China is already in a downfall. Did you not notice the stock market crash, strict capital control, prevention of outward investment by companies, outlaw of bitcoin, etc? Don't rule out the messege, just because of the messenger. Here are some others: - China central bank warns against 'Minsky Moment' due to excessive optimism (non gordon chang) http://www.reuters.com/article/us-china-congress-debt-minskymoment/china-central-bank-warns-against-minsky-moment-due-to-excessive-optimism-idUSKBN1CO0D6 http://www.reuters.com/article/us-china-congress-debt-minsky... - China’s debt surpasses 300 percent of GDP https://www.cnbc.com/2017/06/28/chinas-debt-surpasses-300-percent-of-gdp-iif-says-raising-doubts-over-yellens-crisis-remarks.html https://www.cnbc.com/2017/06/28/chinas-debt-surpasses-300-pe... - Why China Lost About $3.8 Trillion To Capital Flight In The Last Decade https://www.forbes.com/sites/insideasia/2017/02/22/china-capital-flight-migration/#76f64b4c4a37 https://www.forbes.com/sites/insideasia/2017/02/22/china-cap... - S&P says downgraded China as credit growth still too fast http://www.reuters.com/article/us-china-economy/sp-downgrades-china-says-rising-debt-is-stoking-economic-financial-risks-idUSKCN1BW18Z?il=0 http://www.reuters.com/article/us-china-economy/sp-downgrade...