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Will $9 Trillion of Losing Bets by the CCP Cause an Asian Financial Crisis 2.0?

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Will $9 Trillion of Losing Bets by the CCP Cause an Asian Financial Crisis 2.0?
A Chinese bank worker prepares to count U.S. dollar bills and a stack of 100 yuan notes at a bank in Hefei, Anhui Province, China, on March 9, 2010. STR/AFP via Getty Images
Anders Corr
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Commentary

The Chinese Communist Party (CCP) is in dire straits. Economically, China looks like a basket case after having its growth directed for decades by an ideology of victimhood opposed to the most basic principles of market economics.

Anders Corr
Anders Corr
Author
Anders Corr has a bachelor's/master's in political science from Yale University (2001) and a doctorate in government from Harvard University (2008). He is a principal at Corr Analytics Inc. and publisher of the Journal of Political Risk, and has conducted extensive research in North America, Europe, and Asia. His latest books are “The Concentration of Power: Institutionalization, Hierarchy, and Hegemony” (2021) and “Great Powers, Grand Strategies: the New Game in the South China Sea" (2018).
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