The Coming Collapse of China
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| Author | Gordon G. Chang |
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| Language | English |
| Subject | China |
Publication date | 2001 |
| Publication place | United States |
| ISBN | 978-0812977561 |
| OCLC | 45636911 |
| Website | The Coming Collapse of China at the Internet Archive |
The Coming Collapse of China is a book by Gordon G. Chang, published in 2001, in which he argued that the Chinese Communist Party (CCP) was the root cause of many of China's problems and would cause the country's collapse by 2011. When 2011 was almost over, Chang admitted that his prediction was wrong but said it was off by only a year, asserting in Foreign Policy that the CCP would fall in 2012. Consequently he made the magazine's "10 worst predictions of the year" twice.[1][2][3]
Summary
[edit]In the introduction of his first edition published in 2001, Gordon G. Chang, an American lawyer, predicted the following scenario:
The end of the modern Chinese state is near. The People's Republic has five years, perhaps ten, before it falls. This book tells why.[4]
Based on the perceived inefficiency of state-run enterprises and the inability of the Chinese Communist Party to build an open democratic society, Chang argued that the hidden non-performing loans of the "Big Four" Chinese state banks would likely bring down China's financial system and its government, along with the entire country. He predicted specifically that the CCP would collapse by 2011.[5]
Reception
[edit]Dexter Roberts of Bloomberg Businessweek described the book as "Pessimism on a grand scale."[3]
In 2002, Julia Lovell of The Observer stated that although China's entry to the World Trade Organization could provide Western investors with many new opportunities, Chang's book "marshalled ample evidence to dampen such expectations."[6] In 2001, Patrick Tyler of The New York Times wrote:
As Chang discovered, China is a nation of contradictions. Many of its state industries are virtually bankrupt; its banking system sits on a mountain of unrecognized bad debts; its agriculture is primitive; pollution is out of control; and government interference and corruption are killing off a number of new business ventures...
— The New York Times, September 9, 2001[7]
Academic Roland Boer describes the book as an example of the "China doomer" approach to historical nihilism.[8] Academics Christopher Marquis and Kunyuan Qiao write that The Coming Collapse of China has been proven wrong and conclude that CCP governance of China will continue into the future.[9]: 235
Peter Thal Larsen writes in Reuters that the book "is now mostly referred to as a reminder of the dangers of making overly specific forecasts about the country’s future.[10]
Updates
[edit]In 2010, Chang wrote in The Christian Science Monitor that "China could fail soon" and predicted an economic crash.[11] In an article, "The Coming Collapse of China: 2012 Edition," published by the Foreign Policy, Gordon G. Chang admitted that his prediction was wrong but arguing that he was off only by one year: "Instead of 2011, the mighty communist party of China will fall in 2012. Bet on it."[12] On May 21, 2016, The National Interest published another article by Chang, "China's Coming Revolution." In it, he argued that the ruling class in China is divided and that it cannot deal with its economic problems. Chang claimed that would lead to a revolution, which would overthrow the CCP. He did not give the exact year that those events would take place.[13]
See also
[edit]References
[edit]- ^ "Survival of China's Communist Party". The Korea Times. January 2, 2013. Retrieved November 19, 2021.
- ^ Tao, Xie. "Why Do People Keep Predicting China's Collapse?". thediplomat.com. Retrieved November 19, 2021.
- ^ a b Dexter Roberts. "Pessimism on a Grand Scale". Bloomberg Businessweek. Archived from the original on September 3, 2014. Retrieved October 22, 2013.
- ^ "The coming collapse of China". WorldCat. Retrieved October 22, 2013.
- ^ "The Coming Collapse of China". www.gordonchang.com. Retrieved November 19, 2021.
- ^ Julia Lovell (March 10, 2002). "Observer review: The China Dream and The Coming Collapse of China". The Guardian.
- ^ Patrick E. Tyler (September 9, 2001). "'The Coming Collapse of China': Reckoning With a 'Paper Dragon'". The New York Times.
- ^ Boer, Roland (2021). Socialism with Chinese characteristics : a guide for foreigners. Singapore. pp. 10–12. ISBN 978-981-16-1622-8. OCLC 1249470522.
{{cite book}}: CS1 maint: location missing publisher (link) - ^ Marquis, Christopher; Qiao, Kunyuan (2022). Mao and Markets: The Communist Roots of Chinese Enterprise. New Haven: Yale University Press. ISBN 978-0-300-26883-6. OCLC 1348572572.
- ^ Thal Larsen, Peter. "Review: The limits of predicting China's demise". Reuters.
- ^ "China: the world's next great economic crash". Christian Science Monitor. January 21, 2010. ISSN 0882-7729. Retrieved August 30, 2021.
- ^ Gordon G. Chang, The Coming Collapse of China: 2012 Edition, Foreign Policy, December 29, 2011.
- ^ Chang, Gordon G. (May 21, 2016). "China's Coming Revolution". The National Interest.