ChinaFile Recommends
10.16.17In China, Trading Begins on WeChat
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
09.27.17Cracking the China Conundrum
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
ChinaFile Recommends
09.21.17S&P Downgrades China, Says Rising Debt Is Stoking Economic, Financial Risks
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.
ChinaFile Recommends
07.04.17China Shadow Banking Is Slowing amid More Coordinated Government Measures, Says Moody’s
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.
ChinaFile Recommends
03.01.16Dodging 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
02.24.16Regulators 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...
ChinaFile Recommends
06.15.15China’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.
ChinaFile Recommends
04.21.15China is Still Rising, Just More Slowly
Foreign Affairs
Embracing China's "new normal" or why the economy Is still
on track.
ChinaFile Recommends
06.21.14A Showdown Looms
Economist
Hong Kong, China’s most prosperous city, is becoming dangerously polarized.
ChinaFile Recommends
01.23.14Investigative Stories Delve Into the Use of Offshore Companies by Chinese
New York Times
This year's first big China investigative story has come from the International Consortium of Investigative Journalists.
Sinica Podcast
04.13.12Muckraking with Chinese Characteristics
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...