China’s richest man, Wang Jianlin, and his company Wanda, got kicked out of the Chinese lending system. Wanda is in deep trouble, says business analyst Shaun Rein to the South China Morning Post. Both in terms of assets backing up his purchases and political leverage.Read More →
China’s leadership is setting a new economic agenda halfway July, and much of the measures focus on the reduction on risk, even if – says political scientist Victor Shih at Bloomberg – that means announced financial reforms will be stalled.Read More →
Financial analyst Sara Hsu looks at the new chairman of the China Banking Regulatory Commission (CBRC), Guo Shuqing, and the man he replaces, Shang Fulin. What has Shang done to deal with this murky financial sector, and can Guo do better, she wonders in Asia Times.Read More →
President Xi Jinping will visit the World Economic Forum next week in Davos as the first Chinese head of state. It is part of China´s push for international recognition, but political and financial analyst Victor Shih sees at this stage little room for progress, he tells at the Economic Times.Read More →
China´s economy seems to have steered clear through the turbulance of the past few years, says economist Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® to Bloomberg. “I’d guess that Xi Jinping is feeling pretty confident about things.”Read More →
Although there is no reason to believe China´s economy is heading for a crash, the lack of real structural reforms still makes investors worried, writes economist Arthur Kroeber for the Brookings Institute and author of China’s Economy: What Everyone Needs to Know? While the state sector was supposed to shrink, it continues to grow.Read More →
Making sense out of Beijing`s recent financial direction is hard, even for veteran political and financial analyst Victor Shi. In the Wall Street Journal, he tries to give it a shot. “As with any addiction program, the first step is to admit you have a problem.”Read More →
China is preparing a Tobin tax, a tax on capital transactions. At this stage for a zero percentage, but the writing is on the wall. It´s effect on China´s currency depends very much on how the government is going to use this tool, says finance professor Victor Shih in Bloomberg.Read More →
China´s lawmakers arrive in Beijing for their annual meeting and finance is high on their agenda´s. And opinions are divided, says political analyst Victor Shih to Bloomberg, for example when it comes to the fiscal deficit.Read More →
How deep are the pockets of the People´s Bank of China (PBOC) to keep on funding its financial system? According to economist Arthur Kroeber they are safe for another year, and can use the time to clean up the current mess. Learning how to communicate with the markets is one talent that needs urgent development, he tells Bloomberg.Read More →
The governor of China´s central bank, the People´s Bank of China, Zhou Xiaochuan tried to ease the expected turmoil on the financial markets ahead of their opening after Lunar New Year. Zhou tries to save the few reforms he was able to achieve, says financial expert Victor Shih to Bloomberg.Read More →
China has faced a record outflow of capital since the end of 2015. Efforts to stop that outflow, maybe needed, delay severely the planned liberalization of the financial markets, writes financial analyst Sara Hsu in the Diplomat. “The rate of change is dissatisfying to those calling for reform.”Read More →