• Financial System in China

    Oliver Rui, CEIBS Professor of Finance & Accounting and Director of CEIBS-World Bank China Centre for Inclusive Finance, explains how the Chinese financial system really works.

    published: 05 Jun 2014
  • Darrell Duffie: Understanding China's Financial System

    China’s financial system... how does it work, what does an outsider need to know and what does the future hold? In this overview, Stanford Graduate School of Business Professor Darrell Duffie offers valuable insights for anyone interested in learning what makes one of the world's largest economies tick. Darrell Duffie is the Dean Witter Distinguished Professor of Finance at the Stanford Graduate School of Business. Learn more about Darrell Duffie and his work here: https://www.gsb.stanford.edu/faculty-research/faculty/darrell-duffie

    published: 27 Apr 2015
  • The Chinese Banking Crisis Explained

    == ASK ME A QUESTION == https://www.facebook.com/economista https://twitter.com/Tetracarbon == SOURCES == Chinese banks sitting on $1.7 trillion debt time bomb mobile.abc.net.au/news/2016-05-24/chinese-banks-1.7-trillion-debt-time-bomb/7439844 Tue 24 May 2016 Finance in China: Big but brittle http://www.economist.com/news/leaders/21698240-it-question-when-not-if-real-trouble-will-hit-china-coming-debt-bust May 7th 2016 China’s financial system: The coming debt bust http://www.economist.com/news/special-report/21697983-china-needs-free-up-its-financial-system-even-if-it-hurts-says-simon-rabinovitch-big May 7th 2016 Free exchange: Red ink rising http://www.economist.com/news/finance-and-economics/21693963-china-cannot-escape-economic-reckoning-debt-binge-brings-red-ink-rising Mar 5th 20...

    published: 29 Jun 2016
  • Illustrating China's Shadow Banking Problem

    Perhaps the biggest wild card in the world economy right now is China. Will the world's second-biggest economy keep growing strongly, or will it suffer for all the money it's borrowed in the past five years? The WSJ's Ken Brown explains a major risk in China's financial system. Click here to subscribe to our channel: http://bit.ly/14Q81Xy Visit us on Facebook: http://www.facebook.com/wsjlive Follow us on Twitter: https://twitter.com/WSJLive Visit the Wall Street Journal: www.wsj.com

    published: 14 Jan 2014
  • China's Banking System in Claymation

    China's leaders are well aware that there's too much infrastructure spending and too little spending by consumers, and they're trying to "rebalance" the economy by easing interest rates and adding deposit insurance. The WSJ's Ken Brown explains China's financial system—with some help from claymation. Click here to subscribe to our channel: http://bit.ly/14Q81Xy Visit us on Facebook: http://www.facebook.com/wsjlive Follow us on Twitter: https://twitter.com/WSJLive Visit the Wall Street Journal: www.wsj.com

    published: 14 Jan 2014
  • China And Russia Are Preparing For A Bankrupt US Financial System - Episode 876a

    Check Out The X22 Report Spotlight YouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ Get economic collapse news throughout the day visit http://x22report.com Report date: 01.25.2016 The tech sectors is now getting hit with layoffs. The Dallas Fed survey is at a 6 year low and crashing. Manufacturing in a decline which is signalling a major depression coming soon. The East know the West is now bankrupt and they are preparing and waiting patiently for it to be complete. Norway's biggest bank is now pushing a cashless society. The house of Saud will most likely contribute to the collapse of the global economy. All source links to the report can be found on the x22report.com site. Most of artwork that are included with these videos have been created by X22 Repo...

    published: 26 Jan 2016
  • China's Financial Future: Shadow Banking in China

    published: 22 Jul 2015
  • Is China's Economy On The Verge Of Collapse?

    Can The US Still Call Itself A Wealthy Nation? - http://testu.be/1sNPbhs Subscribe! http://bitly.com/1iLOHml With the second largest economy in the world, China is now encountering bumps along the road. So is China on the verge of an economic collapse? Learn More: China's stock market crash, explained in charts http://www.vox.com/2015/7/8/8911519/china-stock-market-charts "China's stock market has plunged over the past month. Here are eight charts that help you understand what's going on." A crisis of young and old in China's birth rate http://www.nytimes.com/2006/06/28/world/asia/28iht-age.2074563.html "Shanghai is rightfully known as a fast-moving, hypermodern city full of youth and vigor." Asia to face 'significant economic challenges' in 2015 http://www.dw.com/en/asia-to-face-...

    published: 09 Jul 2015
  • WORLD'S TOP FINANCIAL WATCHDOG WARNS CHINA IS FACING A FULL BLOWN BANKING CRISIS

    Sub for more: http://nnn.is/the_new_media | Ambrose Evans-Pritchard for Bloomberg reports China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis, according to early warning indicators released by the world’s top financial watchdog. Got Kids or Grandkids? Take a break at our new Kids Channel: (( SUBSCRIBE )) http://bit.ly/sub-to-Banchi-Brothers See the report here: https://youtu.be/AxD1IWxYBMQ Read more: http://www.telegraph.co.uk/business/2016/09/18/bis-flashes-red-alert-for-a-banking-crisis-in-china/ ------------------------------------------------------------------------------------ SUPPORT THE NETWORK WITH THE LINKS BELOW! ------------------------------------------------------------------------------------ Patreon $5/mo: http:/...

    published: 21 Sep 2016
  • China And Other Countries Are Discussing A Reset Of The World’s Financial System - Episode 778a

    Check Out The X22 Report Spotlight YouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ Get economic collapse news throughout the day visit http://x22report.com Report date: 09.29.2015 Using the government sponsored conference board consumer confidence is soaring compared to the people poll by Gallup. BofA getting ready to lay off employees. Glencore could be the next Lehman. Case Shiller home prices miss expectation as prices continue to come down.Home prices dropping in 10 cities and spreading. China now pushing the idea of resetting the financial system as it was done after WWII in Bretton Woods. The 4th and largest Obamacare Co-Op collapsed. All source links to the report can be found on the x22report.com site. Most of artwork that are included with these v...

    published: 30 Sep 2015
  • Interview: Nobel Prize-winning economists on China's financial system

    The 2016 Financial Street Forum has kicked off in Beijing. At the forum, CCTV reporter sat down with two Nobel Prize winners - Eric Maskin and Myron Scholes - to find out what they think about innovation, zombie companies and market supervision in China. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing

    published: 30 May 2016
  • China’s Coming Debt Crisis?

    The condition of the Chinese economy is increasingly becoming a significant factor exorcising the minds of global policy makers. Even though China’s most recent data has shown signs of stabilization (and the current turmoil in the Chinese market will likely provide more Chinese policy stimulus via further overinvestment, which could perpetuate this capex bubble in the short term) the world is still paying close attention to the gradual unwinding of the country’s historically unprecedented investment ratio of around 45% to GDP. That ratio (down from a peak of 55%) suggests that China is poised to embark on a powerful accelerator multiplier dynamic to the downside. Add to that ongoing dollar strength, which has inflicted further deflationary pressures on resource producers, most particularly...

    published: 02 Mar 2016
  • Can China Repair Its Financial System and Avoid Crisis?

    Charlene Chu, a senior partner of Autonomous Research Asia, talks with the WSJ’s Abheek Bhattacharya on the future of China’s financial system. Photo: Reuters Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/

    published: 16 Sep 2015
  • Reforms to China's financial system could help the economy get healthier

    Chinese stock valuations are currently low and potential gains from the government's recently announced reforms are far-reaching, making investments in China more attractive for risk-tolerant investors. 0214-1202

    published: 10 Mar 2014
  • China 30 years: Financial System

    12-15-2008

    published: 16 Dec 2008
  • China quietly introduces new financial system

    China has stealthily introduced a new financial system based on the renminbi which is well on its way to becoming fully convertible, according to a high-level Chinese source. In addition, China is purchasing 10,000 tons of gold to back up a new fund designed to develop and market heretofore forbidden and suppressed technologies. The fund will be based outside of China and will be controlled by prominent members of the Chinese overseas community. The gold purchase will take some time because of the logistics of transporting it and the Chinese wish to test it thoroughly. Both the Chinese government and MI6 now confirm reports that much of the gold sold by the Federal Reserve Board over the past decade is in fact gold plated tungsten. For its part, the renminbi is now convertible with Sou...

    published: 24 Nov 2009
Financial System in China

Financial System in China

  • Order:
  • Duration: 31:10
  • Updated: 05 Jun 2014
  • views: 1289
videos
Oliver Rui, CEIBS Professor of Finance & Accounting and Director of CEIBS-World Bank China Centre for Inclusive Finance, explains how the Chinese financial system really works.
https://wn.com/Financial_System_In_China
Darrell Duffie: Understanding China's Financial System

Darrell Duffie: Understanding China's Financial System

  • Order:
  • Duration: 7:41
  • Updated: 27 Apr 2015
  • views: 13421
videos
China’s financial system... how does it work, what does an outsider need to know and what does the future hold? In this overview, Stanford Graduate School of Business Professor Darrell Duffie offers valuable insights for anyone interested in learning what makes one of the world's largest economies tick. Darrell Duffie is the Dean Witter Distinguished Professor of Finance at the Stanford Graduate School of Business. Learn more about Darrell Duffie and his work here: https://www.gsb.stanford.edu/faculty-research/faculty/darrell-duffie
https://wn.com/Darrell_Duffie_Understanding_China's_Financial_System
The Chinese Banking Crisis Explained

The Chinese Banking Crisis Explained

  • Order:
  • Duration: 11:00
  • Updated: 29 Jun 2016
  • views: 5740
videos
== ASK ME A QUESTION == https://www.facebook.com/economista https://twitter.com/Tetracarbon == SOURCES == Chinese banks sitting on $1.7 trillion debt time bomb mobile.abc.net.au/news/2016-05-24/chinese-banks-1.7-trillion-debt-time-bomb/7439844 Tue 24 May 2016 Finance in China: Big but brittle http://www.economist.com/news/leaders/21698240-it-question-when-not-if-real-trouble-will-hit-china-coming-debt-bust May 7th 2016 China’s financial system: The coming debt bust http://www.economist.com/news/special-report/21697983-china-needs-free-up-its-financial-system-even-if-it-hurts-says-simon-rabinovitch-big May 7th 2016 Free exchange: Red ink rising http://www.economist.com/news/finance-and-economics/21693963-china-cannot-escape-economic-reckoning-debt-binge-brings-red-ink-rising Mar 5th 2016 Xi Boosts Party in China’s $18 Trillion State Company Sector http://www.bloomberg.com/news/articles/2016-07-07/xi-boosts-party-say-in-china-s-18-trillion-state-company-sector July 8, 2016 ------------------------- Music produced by Material Wonders - materialwonders.com ------------------------- Happy Studies! -Phillip
https://wn.com/The_Chinese_Banking_Crisis_Explained
Illustrating China's Shadow Banking Problem

Illustrating China's Shadow Banking Problem

  • Order:
  • Duration: 2:42
  • Updated: 14 Jan 2014
  • views: 11487
videos
Perhaps the biggest wild card in the world economy right now is China. Will the world's second-biggest economy keep growing strongly, or will it suffer for all the money it's borrowed in the past five years? The WSJ's Ken Brown explains a major risk in China's financial system. Click here to subscribe to our channel: http://bit.ly/14Q81Xy Visit us on Facebook: http://www.facebook.com/wsjlive Follow us on Twitter: https://twitter.com/WSJLive Visit the Wall Street Journal: www.wsj.com
https://wn.com/Illustrating_China's_Shadow_Banking_Problem
China's Banking System in Claymation

China's Banking System in Claymation

  • Order:
  • Duration: 2:12
  • Updated: 14 Jan 2014
  • views: 3192
videos
China's leaders are well aware that there's too much infrastructure spending and too little spending by consumers, and they're trying to "rebalance" the economy by easing interest rates and adding deposit insurance. The WSJ's Ken Brown explains China's financial system—with some help from claymation. Click here to subscribe to our channel: http://bit.ly/14Q81Xy Visit us on Facebook: http://www.facebook.com/wsjlive Follow us on Twitter: https://twitter.com/WSJLive Visit the Wall Street Journal: www.wsj.com
https://wn.com/China's_Banking_System_In_Claymation
China And Russia Are Preparing For A Bankrupt US Financial System - Episode 876a

China And Russia Are Preparing For A Bankrupt US Financial System - Episode 876a

  • Order:
  • Duration: 20:27
  • Updated: 26 Jan 2016
  • views: 144605
videos
Check Out The X22 Report Spotlight YouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ Get economic collapse news throughout the day visit http://x22report.com Report date: 01.25.2016 The tech sectors is now getting hit with layoffs. The Dallas Fed survey is at a 6 year low and crashing. Manufacturing in a decline which is signalling a major depression coming soon. The East know the West is now bankrupt and they are preparing and waiting patiently for it to be complete. Norway's biggest bank is now pushing a cashless society. The house of Saud will most likely contribute to the collapse of the global economy. All source links to the report can be found on the x22report.com site. Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place. Intro Music: YouTube Free Music: Warrior Strife by Jingle Punks Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo. The X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.
https://wn.com/China_And_Russia_Are_Preparing_For_A_Bankrupt_US_Financial_System_Episode_876A
China's Financial Future: Shadow Banking in China

China's Financial Future: Shadow Banking in China

  • Order:
  • Duration: 1:15:00
  • Updated: 22 Jul 2015
  • views: 377
videos
https://wn.com/China's_Financial_Future_Shadow_Banking_In_China
Is China's Economy On The Verge Of Collapse?

Is China's Economy On The Verge Of Collapse?

  • Order:
  • Duration: 2:58
  • Updated: 09 Jul 2015
  • views: 357135
videos
Can The US Still Call Itself A Wealthy Nation? - http://testu.be/1sNPbhs Subscribe! http://bitly.com/1iLOHml With the second largest economy in the world, China is now encountering bumps along the road. So is China on the verge of an economic collapse? Learn More: China's stock market crash, explained in charts http://www.vox.com/2015/7/8/8911519/china-stock-market-charts "China's stock market has plunged over the past month. Here are eight charts that help you understand what's going on." A crisis of young and old in China's birth rate http://www.nytimes.com/2006/06/28/world/asia/28iht-age.2074563.html "Shanghai is rightfully known as a fast-moving, hypermodern city full of youth and vigor." Asia to face 'significant economic challenges' in 2015 http://www.dw.com/en/asia-to-face-significant-economic-challenges-in-2015/a-18165069 "As China's economic expansion moderates and Japan struggles to come out of its third recession in two years, economists have revised down forecasts for several economies in the region. " People's Republic of China Financial System Stability Assessment http://www.imf.org/external/pubs/ft/scr/2011/cr11321.pdf "China has made remarkable progress in its transition toward a more commercially-oriented and financially sound system." Shadow banking in China: A primer http://www.brookings.edu/~/media/research/files/papers/2015/04/01-shadow-banking-china-primer/shadow_banking_china_elliott_kroeber_yu.pdf "The rapid development of China's shadow banking sector since 2010 has attracted a great amount of commentary both inside and outside the country." China's Total Debt Load Equals 282% of GDP, Raising Economic Risks http://blogs.wsj.com/economics/2015/02/04/chinas-total-debt-load-equals-282-of-gdp-raising-its-economic-risks/ "China's overall debt load has risen quickly since the global financial crisis." Subscribe to TestTube Daily! http://bitly.com/1iLOHml _________________________ TestTube News is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubenews Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork TestTube on Twitter https://twitter.com/TestTube Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq Special thanks to Lissette Padilla for hosting TestTube! Check Lissette out on Twitter:https://twitter.com/lizzette
https://wn.com/Is_China's_Economy_On_The_Verge_Of_Collapse
WORLD'S TOP FINANCIAL WATCHDOG WARNS CHINA IS FACING A FULL BLOWN BANKING CRISIS

WORLD'S TOP FINANCIAL WATCHDOG WARNS CHINA IS FACING A FULL BLOWN BANKING CRISIS

  • Order:
  • Duration: 2:13
  • Updated: 21 Sep 2016
  • views: 6721
videos
Sub for more: http://nnn.is/the_new_media | Ambrose Evans-Pritchard for Bloomberg reports China has failed to curb excesses in its credit system and faces mounting risks of a full-blown banking crisis, according to early warning indicators released by the world’s top financial watchdog. Got Kids or Grandkids? Take a break at our new Kids Channel: (( SUBSCRIBE )) http://bit.ly/sub-to-Banchi-Brothers See the report here: https://youtu.be/AxD1IWxYBMQ Read more: http://www.telegraph.co.uk/business/2016/09/18/bis-flashes-red-alert-for-a-banking-crisis-in-china/ ------------------------------------------------------------------------------------ SUPPORT THE NETWORK WITH THE LINKS BELOW! ------------------------------------------------------------------------------------ Patreon $5/mo: http://nnn.is/monthly-gift-5 Give Once: http://nnn.is/one-time-gift Give BTC: 13Hd1HFqS5CDLCMcFQPWu9wumubo6X2hSM Tip Brian The Editor: http://nextnewsnetwork.com/tip-the-editor/ T-Shirt Shop: http://nnn.is/get-your-gear-here Gold Buyer's Strategy: http://nnn.is/free-gold-secret Teach Your Child About Liberty: http://nnn.is/1HvxU37 Learn What Stocks Will Survive The Collapse: http://nnn.is/n3-trade-genius Watch Us on Tiger Steam! http://nnn.is/GET-TIGER --- $50 off promocode: BUYTIGERSTREAM Get The Tea! http://GetTheTea.com Stock Up On Survival Food Today! http://www.foodforliberty.com/nextnews Cast Your Vote In The Selection 2016 Poll: http://nextnewsnetwork.com/election-2016-poll/ ---------------------------------------- Send Us News Tips! ---------------------------------------- http://nextnewsnetwork.com/viewer-submitted-news/ ---------------------------------------- FOLLOW US ON SOCIAL! --------------------------------------- http://Facebook.com/NextNewsNet http://Twitter.com/NextNewsNet http://NextNewsNetwork.com Hashtag: #N3
https://wn.com/World'S_Top_Financial_Watchdog_Warns_China_Is_Facing_A_Full_Blown_Banking_Crisis
China And Other Countries Are Discussing A Reset Of The World’s Financial System - Episode 778a

China And Other Countries Are Discussing A Reset Of The World’s Financial System - Episode 778a

  • Order:
  • Duration: 25:01
  • Updated: 30 Sep 2015
  • views: 22594
videos
Check Out The X22 Report Spotlight YouTube Channel – https://www.youtube.com/channel/UC1rnp-CySclyhxyjA4f14WQ Get economic collapse news throughout the day visit http://x22report.com Report date: 09.29.2015 Using the government sponsored conference board consumer confidence is soaring compared to the people poll by Gallup. BofA getting ready to lay off employees. Glencore could be the next Lehman. Case Shiller home prices miss expectation as prices continue to come down.Home prices dropping in 10 cities and spreading. China now pushing the idea of resetting the financial system as it was done after WWII in Bretton Woods. The 4th and largest Obamacare Co-Op collapsed. All source links to the report can be found on the x22report.com site. Most of artwork that are included with these videos have been created by X22 Report and they are used as a representation of the subject matter. The representative artwork included with these videos shall not be construed as the actual events that are taking place. Intro Music: YouTube Free Music: Warrior Strife by Jingle Punks Fair Use Notice: This video contains some copyrighted material whose use has not been authorized by the copyright owners. We believe that this not-for-profit, educational, and/or criticism or commentary use on the Web constitutes a fair use of the copyrighted material (as provided for in section 107 of the US Copyright Law. If you wish to use this copyrighted material for purposes that go beyond fair use, you must obtain permission from the copyright owner. Fair Use notwithstanding we will immediately comply with any copyright owner who wants their material removed or modified, wants us to link to their web site, or wants us to add their photo. The X22 Report is "one man's opinion". Anything that is said on the report is either opinion, criticism, information or commentary, If making any type of investment or legal decision it would be wise to contact or consult a professional before making that decision.
https://wn.com/China_And_Other_Countries_Are_Discussing_A_Reset_Of_The_World’S_Financial_System_Episode_778A
Interview: Nobel Prize-winning economists on China's financial system

Interview: Nobel Prize-winning economists on China's financial system

  • Order:
  • Duration: 1:27
  • Updated: 30 May 2016
  • views: 143
videos
The 2016 Financial Street Forum has kicked off in Beijing. At the forum, CCTV reporter sat down with two Nobel Prize winners - Eric Maskin and Myron Scholes - to find out what they think about innovation, zombie companies and market supervision in China. Subscribe to us on Youtube: https://www.youtube.com/user/CCTVNEWSbeijing Download for IOS: https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download for Android: https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/cctvnewschina Twitter: https://twitter.com/CCTVNEWS Google+: https://plus.google.com/+CCTVNEWSbeijing Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
https://wn.com/Interview_Nobel_Prize_Winning_Economists_On_China's_Financial_System
China’s Coming Debt Crisis?

China’s Coming Debt Crisis?

  • Order:
  • Duration: 15:30
  • Updated: 02 Mar 2016
  • views: 8481
videos
The condition of the Chinese economy is increasingly becoming a significant factor exorcising the minds of global policy makers. Even though China’s most recent data has shown signs of stabilization (and the current turmoil in the Chinese market will likely provide more Chinese policy stimulus via further overinvestment, which could perpetuate this capex bubble in the short term) the world is still paying close attention to the gradual unwinding of the country’s historically unprecedented investment ratio of around 45% to GDP. That ratio (down from a peak of 55%) suggests that China is poised to embark on a powerful accelerator multiplier dynamic to the downside. Add to that ongoing dollar strength, which has inflicted further deflationary pressures on resource producers, most particularly those who have borrowed dollars against declining resource revenues, all of which has put pressure on commodity prices. Is this the domino that can bring down the global economy? What is the nature of the debt? How much is private? Public? How much of it is foreign denominated (a germane consideration, considering the recent weakening of the Chinese currency)? As Professor Yan Liang, a professor of economics at Willamette University, has noted in her research on the country, China's growth model has relied on credit driven, investment led growth in the past decades. Its double-digit growth record has been nothing but impressive. However, this growth model has encountered mounting difficulties and China today is wresting with a vexing problem with debt. A high level debt, coupled with declining quality of debt, has rendered the private sector vulnerable; and yet, aggressive deleveraging could further decelerate the economy, producing a vicious “credit spiral”. So what are the numbers? According to Professor Liang, China's debt to GDP ratio has reached 217% of GDP (or 281% of GDP, if financial sector debt is included) in mid-2014, up from 134% in 2007. This level is rather unprecedented despite China’s long tradition of credit driven growth. Since China’s market reform in the 1980s, State Owned Commercial Banks, the backbone of China’s financial system, have lent generously to State Owned Enterprises (SOEs) to finance the latter’s fixed asset investment. Credit extension helped mobilize resources and facilitate China’s industrialization and urbanization, whereby engendering a Keynesian-Schumpeterian credit-investment-growth cycle. But this model has gradually run out of steam, as it causes debt accumulation, puts a heavy toll on natural resources and generates rising supply glut in recent years. Chinese policy makers have realized the limitation of the growth model and called for rebalancing, shifting demand from credit driven investment and export to consumption. However, the rebalancing plan did not effectively bring about a reduction of debt; rather, leverage heightens and debt continues to accumulate. In the interview below, Professor Liang discusses the challenges facing China and the prospects of managing a challenging "soft landing" that doesn't engender a major global economic calamity.
https://wn.com/China’S_Coming_Debt_Crisis
Can China Repair Its Financial System and Avoid Crisis?

Can China Repair Its Financial System and Avoid Crisis?

  • Order:
  • Duration: 2:19
  • Updated: 16 Sep 2015
  • views: 839
videos
Charlene Chu, a senior partner of Autonomous Research Asia, talks with the WSJ’s Abheek Bhattacharya on the future of China’s financial system. Photo: Reuters Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/
https://wn.com/Can_China_Repair_Its_Financial_System_And_Avoid_Crisis
Reforms to China's financial system could help the economy get healthier

Reforms to China's financial system could help the economy get healthier

  • Order:
  • Duration: 1:38
  • Updated: 10 Mar 2014
  • views: 241118
videos
Chinese stock valuations are currently low and potential gains from the government's recently announced reforms are far-reaching, making investments in China more attractive for risk-tolerant investors. 0214-1202
https://wn.com/Reforms_To_China's_Financial_System_Could_Help_The_Economy_Get_Healthier
China 30 years: Financial System

China 30 years: Financial System

  • Order:
  • Duration: 8:01
  • Updated: 16 Dec 2008
  • views: 950
videos
12-15-2008
https://wn.com/China_30_Years_Financial_System
China quietly introduces new financial system

China quietly introduces new financial system

  • Order:
  • Duration: 4:16
  • Updated: 24 Nov 2009
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China has stealthily introduced a new financial system based on the renminbi which is well on its way to becoming fully convertible, according to a high-level Chinese source. In addition, China is purchasing 10,000 tons of gold to back up a new fund designed to develop and market heretofore forbidden and suppressed technologies. The fund will be based outside of China and will be controlled by prominent members of the Chinese overseas community. The gold purchase will take some time because of the logistics of transporting it and the Chinese wish to test it thoroughly. Both the Chinese government and MI6 now confirm reports that much of the gold sold by the Federal Reserve Board over the past decade is in fact gold plated tungsten. For its part, the renminbi is now convertible with South American currencies, the rouble, Middle-Eastern currencies, the yen, South East Asian currencies and African currencies. "We will slowly introduce our new financial system in parallel with the old one and hope that people steadily migrate towards it," the Chinese official says.
https://wn.com/China_Quietly_Introduces_New_Financial_System