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Factions and Finance in China

Name: Factions and Finance in China
Brand: Cambridge University Press
SKU: 02048358
Price: 128.95 EUR
Availability: InStock
Author: Victor C. Shih
ISBN: 9780521872577

Elite Conflict and Inflation

Victor C. Shih

Jezik

Engleski

Knjiga Tvrdi uvez

Libristo kod: 02048358

Nakladnici Cambridge University Press, prosinac 2007

The contemporary Chinese financial system encapsulates two possible futures for China's economy. On... Cijeli opis

Libristo kod: 02048358

314 b

128.95 €

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The contemporary Chinese financial system encapsulates two possible futures for China's economy. On the one hand, extremely rapid financial deepening accompanied by relatively stable prices are both manifestations of a vigorous growth trajectory that will one day make China the world's largest economy. On the other hand, the colossal store of non-performing loans in the banking sector augurs a troubling future. Factions and Finance in China inquires how elite factional politics has given rise to both of these outcomes since the reform in 1978. The competition between generalists in the Chinese Communist Party and politically engaged technocrats over monetary policies has time and time again prevented inflation from spinning out of control. Shih shows that elite politics has exerted a profound impact on monetary policies and banking institutions in contemporary China.