China’s financial system is much tightly controlled by the government compared to what the world is used to, says financial expert Victor Shih at the BBC. China has been spending trillions of US dollars in loans to both the developing and the developed countries, including to the insurer of the CIA’s pension fund, writes the BBC.Read More →
On the surface, government debt in China appears well-manageable, but that is because the central government pushes its costs to a local level, says financial expert Victor Shih, author of Factions and Finance in China: Elite Conflict and Inflation, in an interview on Dwarkesh Clips.Read More →
The jury is still out on whether Trump’s tariffs on imports from China will hurt the US or China more. But political analyst Victor Shih has seen how China has been anticipating the latest wave of tariffs, he tells CNN. “But China can sustain that (situation) much more so than American politicians can,” he said.Read More →
China can and will use its financial tools to offset the negative effects of the massive tariffs US President Trump has imposed on Chinese goods, says financial expert Winston Ma, adjunct professor at the New York University in a discussion with Bloomberg. China has not been using financial stimuli during and after the Covid crisis unlike the US, and still has the resources to do so now, he says.Read More →
The number of billionaires has increased more in the US compared to China for the first time in ten years, according to the latest 14th annual Hurun Global Rich List, according to Barrons. “It’s been a tough year for luxury, telecommunications, and real estate in China”, writes Rupert Hoogewerf, chairman and chief researcher of the Hurun Report.Read More →
The introduction of the digital yuan didn’t make much headlines in 2024, but financial expert Winston Ma, an adjunct law professor at New York University and former managing director at China’s sovereign wealth fund, expects the debate will be back in 2025, he tells the Cointelegraph.Read More →
Financial expert Victor Shih, director of the 21st Century China Center at the University of California San Diego School of Global Policy and Strategy, discusses today’s state of China’s economy at the Centre for Geopolitics with William Hurst, and how it has developed in the 25-year long collaboration between both.Read More →
China’s economic situation has deteriorated over the past two months, says business analyst Shaun Rein in a discussion on CNBC. The hope for a financial bazooka to boost the economy by the government has not materialized and is unlikely to do so. The government seems fine with the current 4/5% growth and also lacks the money to spend as tax income has remained poor, while geopolitical challenges forces the Chinese government to be prudent too.Read More →
Days are gone when Chinese consumers carried large plastic bags of cash to pay for houses, cars, international trips, and other big-ticket purchases. Credit cards are big among especially younger consumers, says Shanghai-based business analyst Shaun Rein at the WSJ.Read More →
Financial expert Victor Shih dives into the 2024 figures at the annual NPC and concludes China cannot roll over debts anymore and finance its budget like it did before. He tells Bloomberg that central state policies have increasingly replaced a market-driven economy.Read More →
China is the only economy that has survived in history several downturns successfully, is the second largest economy, and as the largest country in population, we should focus on it, says Singapore-based super-investor Jim Rogers in an interview with FSC Board Member Andrew Pancholi.Read More →
China’s economy is not going to recover for the next two years, says renowned investor Jim Rogers to The Deep Dive. For the first time, the country is deeply indebted, faces a global bear market, and has not been able to solve the downturn in its real estate, he tells at the Deep Dive.Read More →