Jason Burack of Wall St for Main St interviewed financial journalist, fellow at the Macro Polo Paulson Institute think tank and author of China's Great Wall of Debt: Shadow Banks, Ghost Cities, Massive Loans, and the End of the Chinese Miracle, Dinny McMahon. https://www.dinnymcmahon.com/ Follow Dinny on Twitter here: https://twitter.com/DinnyMcMahon DInny's book is available on Audible audio book here: https://www.audible.com/pd/Chinas-Great-Wall-of-Debt-Audiobook/B07BH3GJ4Z Buy the book from Amazon here: https://www.amazon.com/Chinas-Great-Wall-Debt-Massive/dp/1328846016 Dinny's full bio: Dinny McMahon spent ten years as a financial journalist in China, including six years in Beijing at The Wall Street Journal, and four years with Dow Jones Newswires in Shanghai, where he also contributed to the Far Eastern Economic Review. In 2015, he left China and The Wall Street Journal to take up a fellowship at the Woodrow Wilson International Center for Scholars, a think tank in Washington DC, where he wrote China's Great Wall of Debt. Dinny is an Australian who currently lives in Chicago, where he works at MacroPolo, a think tank focused on Chinese economic issues. During this hour+ long interview, Jason asks Dinny about how and why credit (debt) has increased so much in China in the last decade? Dinny talks about the perverse incentives for local government politicians to borrow and spend credit on make works projects (think Keynesian ditch digging) as well as how many local politicians in China also created fake dummy corporations to borrow from Chinese banks and the enormous shadow lending market despite the political leaders in Beijing telling them not to do so. Jason also asks Dinny a lot about the Chinese real estate market and how Chinese real estate investing is different from real estate investing in the US. Jason and Dinny cover a lot about Chinese banks, Baoshang Bank being taken over about 2 months ago and also the escalating US vs China trade war and what that might mean going forward. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 51 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**