Political scientist Victor Shih looks in The Financial Times into the trial of government officials after the Shanghai fire, costing 58 lives last November. “A disturbing pattern of corruption, which is endangering the lives of millions around China.”Read More →
Shaun Rein by Fantake via FlickrChina will not be able to play a role in mitigating a new financial crisis, like it did in 2008 at the first dip, writes business analyst Shaun Rein in CNBC. Sky-high debts and a stiff inflation rate limit the country’s room In CNBC: ThreeRead More →
The world’s major stock markets braced for a black Monday, but also China’s financial policy makers have had a sleepless weekend over the US downgrade by S&P, Shaun Rein writes in the CNBC. They get now very vocal on the financial problems of the US.Read More →
Political and finance analyst professor Victor Shih discusses the changes of massive capital flight from China. The amount of 3 trillion US dollar could leave the country, he argues in this video.How much value has its officially formidable foreign exchange reserve?Read More →
China’s Internet companies are delaying listings in the US and for good reason, business analyst Shaun Rein explains in the US-edition of the China Daily. Negative sentiments rule even among the often too optimistic US investors when they look at China.Read More →
Credits by Chinese banks are on a leash, cashing a slowdown in China’s breakneck growth speed. Financial and political analyst Victor Shih explains in Business Week how that works out.Read More →
China’s debts could be as high as 150% of its GDP, higher than that of the US and Greece, says political analyst Victor Shih in Aljazeera. But is should reform its inefficient economy to deal with that debt. Read More →
China’s financial institutions have been releasing assessments on the total of debts local governments have, writes Victor Shih in a guest blog at the Financial Times. But they are not yet close to the real debts of 15 to 20 trillion Renminbi.Read More →
The warning by China’s National Audit Bureau local debts are a risk for the country, is a step forward, says political and financial analyst Victor Shih to the New York Times. Until Monday those local debts were kept under wraps. But it is only the beginning of a solution.Read More →
Federal Reserve chief Ben Bernanke is not worried about inflation in America, writes Shaun Rein in CNBC, but he should be worried when China sends its high costs to the US.Read More →
Victor Shih of the Northwestern University has been doing much of the legwork to find out how much China’s debt actually is, much higher than China’s financial authorities want to admit, he writes on this blog of the Financial Times. Much of the country’s financial bubble remains underground.Read More →
Even premier Wen Jiabao calls China’s economy unstable, unbalanced, uncoordinated and ultimately unsustainable, writes Reuters. But despite those misgivings, economic growth will steam ahead, adds economic analyst Arthur Kroeber. Read More →