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The contemporary Chinese financial system encapsulates two possible futures for China's economy. On the one hand, extremely rapid financial deepening accompanied by relatively stable prices are both manifestations of a vigorous growth trajectory that will one day make China the world's largest economy. On the other hand, the colossal store of non-performing loans in the banking sector augurs a troubling future. Factions and Finance in China inquires how elite factional politics has given rise to both of these outcomes since the reform in 1978. The competition between generalists in the Chinese Communist Party and politically engaged technocrats over monetary policies has time and time again prevented inflation from spinning out of control. Shih shows that elite politics has exerted a profound impact on monetary policies and banking institutions in contemporary China.
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1
Factions and Finance in China: Elite Conflict and Inflation
2012, Cambridge University Press
in English
0511790597 9780511790591
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2
Factions and Finance in China: Elite Conflict and Inflation
2009, Cambridge University Press
in English
0521106478 9780521106474
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3
Factions and finance in China: elite conflict and inflation
2008, Cambridge University Press
in English
052187257X 9780521872577
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Factions and Finance in China
2008, Cambridge University Press
E-book
in English
0511363982 9780511363986
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5
Factions and Finance in China: Elite Conflict and Inflation
2008, Cambridge University Press
Hardcover
in English
- 1 edition
052187257X 9780521872577
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6
Factions and Finance in China: Elite Conflict and Inflation
2008, Cambridge University Press
in English
0511367619 9780511367618
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7
Factions and Finance in China: Elite Conflict and Inflation
2007, Cambridge University Press
in English
0511365764 9780511365768
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8
Factions and Finance in China: Elite Conflict and Inflation
2007, Cambridge University Press
in English
0511366396 9780511366390
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Edition Notes
Includes bibliographical references and index.
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