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China And The Credit Crisis
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Book Synopsis China and the Credit Crisis by : Giles Chance
Download or read book China and the Credit Crisis written by Giles Chance and published by John Wiley & Sons. This book was released on 2012-11-27 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: The western world attributed China’s role as world’s largest financer of the developed world and third largest economy in the world to new economic efficiencies, a revolution in risk management and its own wise policies. China and the Credit Crisis argues that if the extent of the role played in the new prosperity by an emerging China, and the fundamental nature of the changes it brought had been better understood, more appropriate policies and actions would have been adopted at the time which could have avoided the crash, or at least limited its impact. China’s Credit Crisis examines the larger role that China will play in the recovery from the current credit crisis and in the post-crisis world. It addresses the major questions which arise from the financial crisis and discuss the landscape of the post-credit crisis world, initially by continuing to provide growth to a world deep in recession, and later by sharing global economic and political leadership
Book Synopsis Sustaining China's Economic Growth After the Global Financial Crisis by : Nicholas R. Lardy
Download or read book Sustaining China's Economic Growth After the Global Financial Crisis written by Nicholas R. Lardy and published by Peterson Institute. This book was released on 2012 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The China Crisis by : James R. Gorrie
Download or read book The China Crisis written by James R. Gorrie and published by John Wiley & Sons. This book was released on 2013-05-08 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: A controversial look at the impending Chinese economic collapse—the history behind it, its contemporary causes, and its dire implications for the global economy All the experts agree: the 21st century belongs to China. Given America's looming insolvency and the possibility of the collapse of the U.S. dollar, who can doubt that China is poised to take over the role of economic superpower? Written by political economist and leading financial journalist James Gorrie, this book offers a highly controversial, contrarian view of contemporary China. Drawing upon a wealth of historical and up-to-the-minute data, Gorrie makes a strong case that China, itself, is on the verge of an economic crisis of epic proportions. He explains how, caught in a recurrent boom/bust cycle that has played itself out several times over the past sixty years, China is again approaching total economic and social collapse. But with one important difference this time: they may very well take the entire global economy down with them. Explores the Chinese communist party's unfortunate history of making costly and very bloody mistakes on an enormous scale One-by-one Gorrie analyzes those critical mistakes and explains how they may lead to economic collapse in China and global depression Describes Chinese "cannibal capitalism," and where its massive abuse of the country's environment, people, and arable lands is leading that country and the world economy Chronicles China's history of recurring economic crisis and explains why all the evidence suggests that history is about to repeat itself
Book Synopsis China and the Global Financial Crisis by : Jean-Pierre Cabestan
Download or read book China and the Global Financial Crisis written by Jean-Pierre Cabestan and published by Routledge. This book was released on 2012 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines China's response to the 2007-2008 global financial crisis, and the resulting new status acquired by China within the international economy. It considers the things China did to weather the crisis, discussing the stimulus package put in place by China and how China's banks coped, but above all examines the measures which countries outside China look to China to put in place in order to better encourage and secure world-wide economic recovery, measures such as currency revaluation, tax reform and greater stimulation of domestic demand. The book contrasts China's response to the crisis, and China's increasingly central role in the world economy, with the responses of the European Union. The book also assesses China's increasingly important regional role, in particular its dialogue with the new Japanese government, and China's positioning towards Southeast Asia, and also discusses the growth of Chinese foreign direct investment.
Book Synopsis Global Financial Crisis and Challenges for China by : Mu Yang
Download or read book Global Financial Crisis and Challenges for China written by Mu Yang and published by World Scientific. This book was released on 2012 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview on the global financial crisis and a detailed study of its impact on China. It covers topics such as China's response to tackling the crisis and its impact on her once mighty manufacturing industry. Standing Up to the Challenge will also investigate its effect on China's property and stock markets, and explore whether the crisis will have a positive effect with regard to China's overseas investments thus acting as an impetus for its Western development process. Written in a simple and accessible manner, this book can be used as a reference source by students and academics interested in China's economy and the global financial crisis.
Book Synopsis China in the Asian Financial Crisis by : Peter Nolan
Download or read book China in the Asian Financial Crisis written by Peter Nolan and published by Routledge. This book was released on 2021-06-01 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: The widely held view of the Asian Financial Crisis is that it had no substantial impact on China. In fact, the country was far more vulnerable than most people realized, due to the high possibility of financial contagion entering the system from Hong Kong through Guangdong province. This book analyzes the severe policy challenge that it presented for China’s leaders. The crisis in Guangdong’s financial institutions provided a forewarning of the difficulties that lay ahead as China’s integration with the global financial system deepened. The experience of Guangdong in the Asian Financial Crisis provided a profound lesson for China’s policy-makers as they planned the country’s strategy for financial reform in the following years. China was able to avoid disaster by astute and difficult policy choices, in the face of fierce pressure from outside the country, as well as from different domestic interests at many different levels. The successful resolution of the crisis provided a breathing space for the leadership. It gave it time to undertake necessary reforms in the country's financial system in the decade that followed the crisis.
Book Synopsis Finance and the Real Economy by : Peter Nolan
Download or read book Finance and the Real Economy written by Peter Nolan and published by Routledge. This book was released on 2020-10-05 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: The different approach taken by China and the West towards finance and the real economy rests upon philosophical foundations that have diverged fundamentally since the Ancient World. Since the Asian Financial Crisis in 1997–98 a tremendous transformation has taken place in the financial systems in both China and the West. China has persisted steadily with reform of its financial system but it remains heavily protected from international competition. In the West regulatory structures have been progressively dismantled, permitting an unprecedented secular expansion of asset prices and debt relative to GDP. The structure crashed to the ground with the collapse of asset prices in 2008–09. In the decade since the GFC asset prices and debt in the West have rebounded. The West’s financial system stands on a knife- edge. In 2018 China announced the intention to accelerate the opening up of the country’s capital markets. The way in which the Chinese and the West’s financial system interact constitutes a central issue in global political economy in the years ahead.
Book Synopsis Credit Booms—Is China Different? by : Ms.Sally Chen
Download or read book Credit Booms—Is China Different? written by Ms.Sally Chen and published by International Monetary Fund. This book was released on 2018-01-05 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: Strong Chinese output growth after the Global Financial Crisis was supported by booming credit. This credit boom carries risks. International experience suggests that China’s credit growth is on a dangerous trajectory, with increasing risks of a disruptive adjustment and/or a marked growth slowdown. Several China-specific factors—high savings, current account surplus, small external debt, and various policy buffers—can help mitigate near-term risks of a disruptive adjustment and buy time to address risks. But, if the risks are left unaddressed, these mitigating factors will likely not eliminate the eventual adjustment, but make the boom larger and last longer. Hence, decisive policy action is needed to deflate the credit boom safely.
Book Synopsis China's Unfinished Economic Revolution by : Nicholas R. Lardy
Download or read book China's Unfinished Economic Revolution written by Nicholas R. Lardy and published by Brookings Institution Press. This book was released on 1998-07-01 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's Unfinished Economic Revolution offers a fundamentally different interpretation of China's economic reform. The common view that China's gradualistic approach has served it well overlooks the fact that state-owned banks for the last two decades have channeled a large share of sharply rising household savings into what are mostly unreformed, money-losing companies. The result is that several of China's largest financial institutions now are insolvent. To avoid a major domestic banking crisis the book argues that China must recapitalize and restructure its domestic banking system and end the long-standing practice of making lending decisions based on political rather than economic criteria. Nicholas Lardy explains that this course will inevitably be costly in political terms, in part because it will lead for a time to a slower rate of economic growth. But the alternative is even less attractive—permanently slower growth, continued macroeconomic instability, an inability to meet the expectations of the international community for the opening of its domestic financial markets, and insufficient resources to deal with severe environmental deterioration, growing water shortages, and a rapidly aging population. This timely book also analyzes the new reform initiatives China has launched in the wake of the Asian financial crisis, suggests additional steps that must be taken, and evaluates the implications for U.S. policy.
Book Synopsis Reluctant Regulators by : Leo F. Goodstadt
Download or read book Reluctant Regulators written by Leo F. Goodstadt and published by Hong Kong University Press. This book was released on 2011-04-01 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2007-2009 global financial crisis was predictable and avoidable, but American and British regulators chose not to intervene. They failed to implement their own policies because of an Anglo-American "regulatory culture" of non-intervention that dominated financial regulation worldwide. Hong Kong--the international financial center of an increasingly prosperous China--defied world opinion and made stability its priority. This policy ensured Hong Kong's robust performance during the last 15 years, and it made possible Hong Kong's impressive contributions to financing China's economic take-off and to the modernization of its financial institutions.Reluctant Regulatorsis a scathing indictment of regulatory inertia in the West. It provides original insights into the causes of financial crises and pays special attention to China's attempts at reform and Hong Kong's place in China's financial modernization. Leo F. Goodstadtwas chief policy adviser to the Hong Kong Government as head of its Central Policy Unit (1989-1997) and has had an extensive consultancy practice in Asian banking. He has written widely on the global financial crisis and on China's economic development.
Book Synopsis Banking on Growth Models by : Stephen Bell
Download or read book Banking on Growth Models written by Stephen Bell and published by Cornell University Press. This book was released on 2022-05-15 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and inefficient bank-centric financial system. Stephen Bell and Hui Feng argue that if the Chinese growth model drives how key economic sectors interact, no amount of incremental reform can have much impact on the financial system—meaningful reform can stem only from a revised growth model. For a time after the global financial crisis, it appeared that the expansion of a more market-oriented shadow banking system might help sustain China's economic growth. Since around 2015, however, Xi Jinping's regime has reversed this trajectory and placed China's financial system under heavy state control, resulting in slowed economic development and skyrocketing national debt. China's market transition and economic rebalancing are now in doubt, as is the fate of the nation's economy. By pinpointing finance as a vital element of the growth model, Bell and Feng provide a convincing assessment of financial risks and the prospects for economic rebalancing in China. Banking on Growth Models demystifies the world of Chinese banking and finance as it investigates an ever-rising national debt, a declining rate of economic growth, and the possibility of dire and drastic reform by the Asian superpower's government.
Book Synopsis China in the Wake of Asia's Financial Crisis by : Wang Mengkui
Download or read book China in the Wake of Asia's Financial Crisis written by Wang Mengkui and published by Routledge. This book was released on 2008-11-21 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines China’s response to the Asian financial crisis of 1997, both in its immediate aftermath and in the years since. The crisis caused turmoil throughout Asia’s economies, and precipitated wholesale reform of economic and financial policies and institutions across the region. As one of Asia’s largest economies, China responded to the crisis more successfully than many others, avoiding devaluation of its currency, whilst undertaking financial reform, restructuring state-owned enterprises, rural development, and social security systems. This book considers all of these issues, showing how the lessons drawn from the crisis have helped shape China’s policies of liberalisation and market-orientated reform, including its attitude towards globalisation and the outside world in general. Based on research conducted by the China Development Research Foundation, one of China’s leading think-tanks, this book includes contributions from senior policy makers in the Chinese government and some experts participating directly in the government’s policy-making process to assess the effects generated by the country’s related policies, making it an indispensable account of China’s own thinking on its response to the financial crisis.
Download or read book Re-balancing China written by Peter Nolan and published by Anthem Press. This book was released on 2015-03-01 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘Re-balancing China’ addresses three key sets of issues in China’s political economy. Part One provides an analysis of the profound effect of the global financial crisis upon China’s economy, as well as the positive impact of the massive rescue package that was implemented in response to the crisis. Part Two focuses on the challenge of globalization for China’s industrial policy. After more than two decades of industrial policy, China still has a negligible number of large firms that are competitive in global markets. China’s experience presents a fundamental challenge to traditional concepts of industrial policy and development. Part Three examines China’s international relations – in particular, its relationship with the US and the interactions between the two countries in the East and South China Seas.
Book Synopsis China's Economy and the Asian Financial Crisis by : East Asian Institute
Download or read book China's Economy and the Asian Financial Crisis written by East Asian Institute and published by World Scientific. This book was released on 1998-05-13 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Asian financial crisis has grown and spread. But China is the one economy in the Asia-Pacific region that has remained apparently unaffected by the present financial turmoil. Will China's financial sector be the next domino to fall? These papers will address this question by examining various pros and cons together with their backgrounds. Contents:China's Economy in 1997 (John Wong)Will China be the Next Financial Domino? (John Wong) Readership: General. Keywords:
Book Synopsis The Financial Crisis Inquiry Report, Authorized Edition by : Financial Crisis Inquiry Commission
Download or read book The Financial Crisis Inquiry Report, Authorized Edition written by Financial Crisis Inquiry Commission and published by Public Affairs. This book was released on 2011-01-27 with total page 578 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the causes of the financial crisis that began in 2008 and reveals the weaknesses found in financial regulation, excessive borrowing, and breaches in accountability.
Book Synopsis Resolving China’s Corporate Debt Problem by : Wojciech Maliszewski
Download or read book Resolving China’s Corporate Debt Problem written by Wojciech Maliszewski and published by International Monetary Fund. This book was released on 2016-10-14 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: Corporate credit growth in China has been excessive in recent years. This credit boom is related to the large increase in investment after the Global Financial Crisis. Investment efficiency has fallen and the financial performance of corporates has deteriorated steadily, affecting asset quality in financial institutions. The corporate debt problem should be addressed urgently with a comprehensive strategy. Key elements should include identifying companies in financial difficulties, proactively recognizing losses in the financial system, burden sharing, corporate restructuring and governance reform, hardening budget constraints, and facilitating market entry. A proactive strategy would trade off short-term economic pain for larger longer-term gain.
Book Synopsis China's Social Credit by : Zhai Xuewei
Download or read book China's Social Credit written by Zhai Xuewei and published by Taylor & Francis. This book was released on 2023-08-24 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses credit crisis issues in China from the aspect of individuals, enterprises, and government through investigations of six Chinese urban and rural areas. After China’s reform and opening up in the 1970s, a slew of new problems involving integrity, trust, and credit appeared with the establishment of a market economy and the creation of new business opportunities. To track these phenomena down to their very origins and to explore the theoretical principles underlying them through a truly holistic sociology, this book highlights a native Chinese perspective when dissecting and analysing the characteristics of their origins, mechanisms, and manifestations. The book will be of great interest to students and scholars of economic sociology, Chinese studies, and those who are interested in the sociology of credibility in general.
