In 2011, most people still thought China, as a nation, had less debt than Europe or the United States because of its relatively low government debt levels. Then came Fraser Howie’s seminal book Red Capitalism, one of the first books to expose the debt machine within the Chinese banking system and the risks of the debt-filled growth model.
After a six-year-stay in China, Fraser now lives in Singapore and still has one or two things to tell us about China and its economy.
