In China, Trading Begins on WeChat

Lianting Tu and Carrie Hong
Bloomberg
Regulators elsewhere may be clamping down on the financial industry’s use of private messaging apps, but in the world’s second-largest economy the practice is flourishing.

Books

09.27.17

Cracking the China Conundrum

Yukon Huang
China’s rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China’s economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China’s major economic, political, and foreign policy issues.Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China’s economy. He examines arguments about the causes and effects of China’s possible debt and property market bubbles, trade and investment relations with the West, the links between corruption and political liberalization in a growing economy, and Beijing’s more assertive foreign policies. Huang explains that such misconceptions arise in part because China’s economic system is unprecedented in many ways—namely because it’s driven by both the market and state—which complicates the task of designing accurate and adaptable analysis and research. Further, China’s size, regional diversity, and uniquely decentralized administrative system pose difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China’s economic state accurately.This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China’s economic environment. —Oxford University Press{chop}Related Reading:“What the West Gets Wrong About China’s Economy,” Yukon Huang, Foreign Affairs, September 14, 2017“Challenging Conventional Wisdom,” Chen Weihua, China Daily, April 28, 2017“Cracking China’s Debt Conundrum,” Yukon Huang, Financial Times, December 6, 2016“Despite Slower Growth, China’s Economy Is Undergoing Major Changes,” NPR Interview with Yukon Huang, January 19, 2016

S&P Downgrades China, Says Rising Debt Is Stoking Economic, Financial Risks

Elias Glenn
Reuters
S&P’s one-notch downgrade to A+ from AA- comes as Beijing grapples with the challenges of containing financial risks stemming from years of credit-fueled stimulus to meet ambitious government economic growth targets.

China Shadow Banking Is Slowing amid More Coordinated Government Measures, Says Moody’s

Huileng Tan
CNBC
Growth in shadow banking in China is slowing due to coordinated government action to contain systemic financial risks, a development that will benefit banks, although it will also bring adjustment risks.

Dodging Critics and Soothing Fears, China Meets Its G-20 Goals

Bloomberg
China pulled off a win at the Shanghai Group of 20 meeting of global finance leaders after months of angst abroad over economic and policy direction.

Caixin Media

02.24.16

Regulators Leave Wealth Management Industry Unplugged

Financial market supervisors admit that gaping holes pockmark the regulatory fences they’ve built in recent years to control the wealth management industry and protect its investors.By occasionally introducing new rules and regulations, supervisors...

China’s Unsettling Stock Market Boom

New York Times
After a peak in October 2007, prices fell about 70 percent over 12 months. This time, the risks are bigger and broader.

China is Still Rising, Just More Slowly

Hu Angang
Foreign Affairs
Embracing China's "new normal" or why the economy Is still 
on track...

A Showdown Looms

Economist
Hong Kong, China’s most prosperous city, is becoming dangerously polarized.

Investigative Stories Delve Into the Use of Offshore Companies by Chinese

Edward Wong
New York Times
This year's first big China investigative story has come from the International Consortium of Investigative Journalists...

Sinica Podcast

04.13.12

Muckraking with Chinese Characteristics

Jeremy Goldkorn, Li Xin & more from Sinica Podcast
In one of the juicier quotes making the rounds on social networks this week, a private equity investor in Shanghai savaged the Chinese media for its unblinking corruption, quipping to The New York Times that “if one of my companies came up with a...