Speculations have been mounting the current governor or China´s central bank PBOC, Zhou Xiaochuan, is up for retirement soon. Bloomberg asked financial experts who they expect might be the next central banker. Financial expert Victor Shih explains why he puts his cards on Yi Gang.Read More →
China has announced it will cut salaries of key managers at its state-owned banks. A bad idea, tells political scienist and financial analyst Victor Shih in Businessweek. An exodus of bankers would cause “a big mess”.Read More →
The formal arrest and expected trial of Zhou Yongkang means a change in how China is dealing with its ruling elite, tells political scientist Victor Shih in the International Business Times. “No leader is safe from corruption investigation… We see now the rule by law.”Read More →
China’s currency the Renminbi is not going to be a global reserve currency soon, and perhaps not in a very long time, writes political science professor Victor Shih (co-authored with Susan Shirk) in Foreign Policy. Read More →
China needs to shift its economy from state investments to domestic consumption to survive. But can China withdraw that kind of power from state institutions, wonders political and financial analyst Victor Shih in the Financial Times.Read More →
Former China president Jiang Zemin made a surprise appearance in Beijing last month and is certainly a complicating factor in the ongoing succession games, tells political analyst Victor Shih in Today Online.Read More →
April had no shortage of news, and fortunately, our monthly top-5 of most-read stories at the China Speakers Bureau mirror those current affairs very well. Not only Bo Xilai made it into our top-5, but also Zhang Lijia’s appeal to repeal the death penalty for business women Wu YingRead More →
Disposed Chongqing leader Bo Xilai might have left behind a more prosperous city, that wealth comes at a price, as Chongqing’s debts are far higher than China’s average of already high liabilities, tells financial expert Victor Shih in the Wall Street Journal.Read More →
Former president and party leader Jiang Zemin has made appearances last week, joining the mayhem surrounding China’s leadership transition, later this year. Political analyst Victor Shih gives his take in this article for Bloomberg.Read More →
Is it like the Gang of Four in 1976? Or Tiananmen in 1989? Or the dismissal of Chen Liangyu in 2006? Commentators struggle to find a comparison. The downfall of Bo Xilai certainly showed cracks in the varnish of unity among China’s leaders, tells political analyst Victor Shih in the Voice of America.Read More →
The dismissal of flamboyant political leader Bo Xilai shows a new political landscape, where different political factions are becoming more prominent, says political analyst Victor Shih in The New Republic. Read More →
China’s economy is changing from cheap labor and export to domestic consumption. But the move away for wasteful investments is not an easy one, tells political and financial analyst Victor Shih in The Guardian.Read More →