A delayed collapse of China.

Gordon Chang’s 2001 book “The Coming Collapse of China” was a bestseller partly because its central message was what many western readers wanted to hear.

The book has spent 19 years on my bookshelf. Today, non-performing loans in China’s banking system are far bigger, both in magnitude and in percentage to banking assets or GDP. But a collapse has not happened.

I am going to wait no longer. To create space for other books, I have dumped Gordon’s book in a trash bin.