Banking on Growth Models: China's Troubled Pursuit of Financial Reform and Economic Rebalancing
Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and inefficient bank-centric financial system. Stephen Bell and Hui Feng argue that if the Chinese growth model drives how key economic sectors in...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Ithaca, NY
Cornell University Press
[2022]
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Schriftenreihe: | Cornell Studies in Money
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Schlagworte: | |
Online-Zugang: | FHA01 Volltext |
Zusammenfassung: | Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and inefficient bank-centric financial system. Stephen Bell and Hui Feng argue that if the Chinese growth model drives how key economic sectors interact, no amount of incremental reform can have much impact on the financial system—meaningful reform can stem only from a revised growth model.For a time after the global financial crisis, it appeared that the expansion of a more market-oriented shadow banking system might help sustain China's economic growth. Since around 2015, however, Xi Jinping's regime has reversed this trajectory and placed China's financial system under heavy state control, resulting in slowed economic development and skyrocketing national debt. China's market transition and economic rebalancing are now in doubt, as is the fate of the nation's economy. By pinpointing finance as a vital element of the growth model, Bell and Feng provide a convincing assessment of financial risks and the prospects for economic rebalancing in China.Banking on Growth Models demystifies the world of Chinese banking and finance as it investigates an ever-rising national debt, a declining rate of economic growth, and the possibility of dire and drastic reform by the Asian superpower's government |
Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Jul 2022) |
Beschreibung: | 1 online resource (306 pages) 4 charts, 29 graphs |
ISBN: | 9781501762536 |
DOI: | 10.1515/9781501762536 |
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Datensatz im Suchindex
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author | Bell, Stephen |
author_facet | Bell, Stephen |
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dewey-ones | 332 - Financial economics |
dewey-raw | 332.0951 |
dewey-search | 332.0951 |
dewey-sort | 3332.0951 |
dewey-tens | 330 - Economics |
discipline | Wirtschaftswissenschaften |
discipline_str_mv | Wirtschaftswissenschaften |
doi_str_mv | 10.1515/9781501762536 |
format | Electronic eBook |
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illustrated | Not Illustrated |
index_date | 2024-07-03T20:21:06Z |
indexdate | 2024-07-10T09:36:50Z |
institution | BVB |
isbn | 9781501762536 |
language | English |
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physical | 1 online resource (306 pages) 4 charts, 29 graphs |
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publisher | Cornell University Press |
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series2 | Cornell Studies in Money |
spelling | Bell, Stephen Verfasser aut Banking on Growth Models China's Troubled Pursuit of Financial Reform and Economic Rebalancing Hui Feng, Stephen Bell Ithaca, NY Cornell University Press [2022] © 2022 1 online resource (306 pages) 4 charts, 29 graphs txt rdacontent c rdamedia cr rdacarrier Cornell Studies in Money Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Jul 2022) Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and inefficient bank-centric financial system. Stephen Bell and Hui Feng argue that if the Chinese growth model drives how key economic sectors interact, no amount of incremental reform can have much impact on the financial system—meaningful reform can stem only from a revised growth model.For a time after the global financial crisis, it appeared that the expansion of a more market-oriented shadow banking system might help sustain China's economic growth. Since around 2015, however, Xi Jinping's regime has reversed this trajectory and placed China's financial system under heavy state control, resulting in slowed economic development and skyrocketing national debt. China's market transition and economic rebalancing are now in doubt, as is the fate of the nation's economy. By pinpointing finance as a vital element of the growth model, Bell and Feng provide a convincing assessment of financial risks and the prospects for economic rebalancing in China.Banking on Growth Models demystifies the world of Chinese banking and finance as it investigates an ever-rising national debt, a declining rate of economic growth, and the possibility of dire and drastic reform by the Asian superpower's government In English Asian Studies General Economics Political Science & Political History POLITICAL SCIENCE / Political Economy bisacsh Banks and banking China China Economic policy 1976-2000 Finance Government policy China Finance China Financial institutions China Feng, Hui Sonstige oth https://doi.org/10.1515/9781501762536 Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Bell, Stephen Banking on Growth Models China's Troubled Pursuit of Financial Reform and Economic Rebalancing Asian Studies General Economics Political Science & Political History POLITICAL SCIENCE / Political Economy bisacsh Banks and banking China China Economic policy 1976-2000 Finance Government policy China Finance China Financial institutions China |
title | Banking on Growth Models China's Troubled Pursuit of Financial Reform and Economic Rebalancing |
title_auth | Banking on Growth Models China's Troubled Pursuit of Financial Reform and Economic Rebalancing |
title_exact_search | Banking on Growth Models China's Troubled Pursuit of Financial Reform and Economic Rebalancing |
title_exact_search_txtP | Banking on Growth Models China's Troubled Pursuit of Financial Reform and Economic Rebalancing |
title_full | Banking on Growth Models China's Troubled Pursuit of Financial Reform and Economic Rebalancing Hui Feng, Stephen Bell |
title_fullStr | Banking on Growth Models China's Troubled Pursuit of Financial Reform and Economic Rebalancing Hui Feng, Stephen Bell |
title_full_unstemmed | Banking on Growth Models China's Troubled Pursuit of Financial Reform and Economic Rebalancing Hui Feng, Stephen Bell |
title_short | Banking on Growth Models |
title_sort | banking on growth models china s troubled pursuit of financial reform and economic rebalancing |
title_sub | China's Troubled Pursuit of Financial Reform and Economic Rebalancing |
topic | Asian Studies General Economics Political Science & Political History POLITICAL SCIENCE / Political Economy bisacsh Banks and banking China China Economic policy 1976-2000 Finance Government policy China Finance China Financial institutions China |
topic_facet | Asian Studies General Economics Political Science & Political History POLITICAL SCIENCE / Political Economy Banks and banking China China Economic policy 1976-2000 Finance Government policy China Finance China Financial institutions China |
url | https://doi.org/10.1515/9781501762536 |
work_keys_str_mv | AT bellstephen bankingongrowthmodelschinastroubledpursuitoffinancialreformandeconomicrebalancing AT fenghui bankingongrowthmodelschinastroubledpursuitoffinancialreformandeconomicrebalancing |