1.The Faultless Default 1
2.Failure is an Option（in China’s Shadow Banking Problem） 31
3.Homebuyers Who Cannot Lose 55
4.Petition Against the CSRC 85
5.Alternative Financial Innovations 109
6.Behind the Growth Engine：The Great Slowdown 131
7.An Abundance of Overcapacity 151
8.From Fortune 500 to Truly Internationally Competitive Companies 175
9.The Mother of All Credit：The Government that Never Defaults 199
10.Voodoo Statistics 223
11.Guaranteed to Fail？International Lessons on Implicit Guarantees 245
12.When the Tide Goes Out：How to Reform 269
Index 301