The warning by China’s National Audit Bureau local debts are a risk for the country, is a step forward, says political and financial analyst Victor Shih to the New York Times. Until Monday those local debts were kept under wraps. But it is only the beginning of a solution.Read More →
Federal Reserve chief Ben Bernanke is not worried about inflation in America, writes Shaun Rein in CNBC, but he should be worried when China sends its high costs to the US.Read More →
Victor Shih of the Northwestern University has been doing much of the legwork to find out how much China’s debt actually is, much higher than China’s financial authorities want to admit, he writes on this blog of the Financial Times. Much of the country’s financial bubble remains underground.Read More →
Even premier Wen Jiabao calls China’s economy unstable, unbalanced, uncoordinated and ultimately unsustainable, writes Reuters. But despite those misgivings, economic growth will steam ahead, adds economic analyst Arthur Kroeber. Read More →
Arthur Kroeber by Fantake via Flickr China’s government is placing its bets on increasing domestic spending by consumers, tells Arther Kroeber in The Guardian. But the inflation seems to be undermining the confidence among those consumers. The 11.7% rise in food costs reflected growing demand, a shrinking pool of youngRead More →
Victor Shih by Fantake via Flickr China’s three trillion US dollar of foreign reserves and other assets might look impressive, but when you withdraw the country’s debts and other liabilities, it looks no longer that special, tells Victor Shih at the US-China Institute. Local companies and governments hold those debts. VictorRead More →
Hong Kong via Wikipedia Since Shanghai emerged as a financial stronghold at the mainland, Hong Kong has been living in fear its would be outpaced by its northern competitor. Shaun Rein explains in the Financial Times’ weblog why Shanghai, after decades of development, is still not a real threat forRead More →
Victor Shih Fantake via Flickr Professor Victor Shih from the Northwestern University is the main investigator, looking for China’s sky high debts after its financial rescue operation. In Business Week Shih explains where China is hiding its debts, and why there might be more than even he can find, especially atRead More →
Alvin Wang Graylin is a thought leader on AI and the metaverse. He worked for decade at leading technology companies like Intel and HTC. As a born Chinese, he grew up and was educated in the US. He is publishing in 2024 his book “Our Next Reality – How the AI-Powered Metaverse will Reshape the World”. He is fluent in Chinese, English and Cantonese.Read More →
Ann Rutledge is a founding principal and CEO of R&R Consulting, which is a pioneer in dynamic structured credit modeling tools. An adjunct assistant finance professor at The Hong Kong University of Science and Technology in Hong Kong, Ms. Rutledge has consulted to high-level representatives of China’s MIIT (Ministry of Industry and Information Technology), CCDC (China Bond), CFOs of large SOEs, SOE banks and security companies, municipal and commercial leaders of Hangzhou, Tianjin, Shanghai and Beijing cities, and national accounting and statistics bureaus under the Ministry of FinanceRead More →
Sara Hsu is an expert on Chinese shadow banking and economic development. Dr. Hsu has coauthored two books on shadow banking, Informal Finance in China: American and Chinese Perspectives (2009) and Chinese Shadow Financial System (2012; in Chinese). She travels from New York.Read More →
Victor Shih is assistant professor political science at Northwestern University and aleading specialist on China’s financial systems. Victor Shih has also consulted for the US government and the private sector on risk scenarios and “black swan” events related to China. He travels from Evanston, Ill.Read More →