County in Shaanxi in a Deep Hole as Mining Bubble Pops

Shenmu Rolled in Cash When Coal Prices Soared. Now Private Bankers are Fleeing and the Local Government is in a Bind.

A financial crisis triggered by falling coal prices is brewing in Shenmu County, in the northwestern province of Shaanxi.

Construction projects have been halted, universal health care has run into payment problems and many private bankers have disappeared in the last few months, all indications that another story of legendary development is now just a bubble bursting.

China Threat?

From the long-term threat of nuclear war between the U.S. and China, to the disappearance of the African elephant due to Chinese demand for ivory, each week brings a new round of critique and denunciation of the risks China poses to the stability of the entire planet. While critics raise a certain number of fundamental questions that bear asking about this nascent superpower, the answers put forth are usually based on ideological or economic considerations. Lionel Vairon systematically challenges these views in this first English language edition of China Threat?

With an incisive review of China’s economic strategy, deployment of resources, national defence, political reform, ethnicity and religion, terrorism, and developments in human rights, Vairon amply demonstrates that China poses no threat to the world. On the contrary, China Threat? shows that China’s peaceful rise should be a matter of positive news across the globe.  —CN Times Books