Fraser Howie Interview Part 1: China’s Obsolete Growth Model

Fraser Howie on real economic performance and crisis management

U.S. dollar notes are counted next to stacks of Chinese 100 yuan bank notes at a bank in Huaibei, Anhui Province, China. STR/AFP/Getty Images

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.  This is Part 1 in a 3-part series. 

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• Fraser Howie Interview Part 1: China’s Obsolete Growth Model
• Fraser Howie Interview Part 2: China’s Messy Power Politics
• China Is Not the World’s Largest Economy