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The Coming Collapse of China is a book by Gordon G. Chang, published in 2001, in which he argued for the Chinese Communist Party (CCP) to be the root cause of many of the China's problems and would cause the country's collapse in the near future. His book also made specific forecasts on the year that the party would collapse since Chang insisted that it would occur by 2011. When 2011 was almost over, Chang admitted that his prediction was wrong but said it was off by only a year.

 On 29 December 2011, Chang asserted in the Foreign Policy magazine, "Instead of 2011, the mighty Communist Party of China will fall in 2012. Bet on it." Consequently he made the magazine's "10 worst predictions of the year" twice when his prediction proved wrong again.

 

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.

 

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 communist government, along with the entire country. He prediced specifically that the party would collapse by 2011.

 

Reception

Dexter Roberts of Bloomberg Businessweek described the book as "Pessimism on a grand scale."

 

In 2002, Julia Lovell of The Observer noted 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

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