Blog Archives

More control and more openness: China conundrum – Victor Shih

China’s economy is more and more controlled by the state, but the country is also pledging more openness. Political analyst Victor Shih looks at CNBC whether China can deal with this conundrum, or not. China’s agenda and ambitions are clear, but now how they might work out, he says.

China’s financial strategy to take over Hong Kong – Victor Shih

Hong Kong has been taken over silently by mainland China in financial terms already before the handover by the UK in 1997, says financial analyst Victor Shih to AFP. But what has gone wrong is the lack of tools to control that take-over, especially when Xi Jinping defined corruption as the major evil to be addressed, Shih says.

Why China is a Ponzi scheme – Victor Shih

Calculating China’s debt has been a major political game, and political analyst Victor Shih claims the country’s debt “around 328% of GDP in May”, writes Livemint. The central bank overcalculated banking assets, he says.

Conservative resistance against liberalization of the yuan – Victor Shih

Retiring central banker Zhou Xiaochuan called this week for the liberalization of China’s currency, the Yuan. But conservative forces might find this step from the People’s Bank of China (PBOC) a step too far, says financial expert Victor Shih to Bloomberg.

Why so many financial scams are emerging – Victor Shih

Financial scams are emerging in China on an epidemic scale. Rising costs of living have enticed many to join these scams, says Victor Shih, associate professor in political economy and China expert at the University of California San Diego to the BBC. Local government did not step in.

Strategy experts at the China Speakers Bureau (updated)

Making sense out of China has always been challenging, although the questions companies and people have to ask themselves change permanently. From a rather uregulated booming economy, now dealing we a tsunami of new rules, anti-corruption and a – relatively – slowing economy changes the strategic questions you have to deal with And while everybody has an opinion, at the China Speakers Bureau we are happy to have a range of expert opinions on China´s strategic challenges. We have a selection here (but you can always ask for more).

Expect no conciliatory tone from China – Victor Shih

Pressure is up on US president Trump to act against China in trade issues. Trump has been avoiding harsh action up to now, and political analyst Victor Shih warns that with a major political conference ahead, moderation will not be high on the country’s agenda, he tells Bloomberg.

Ownership companies mostly remains opaque – Victor Shih

HNA was the last in a row of Chinese conglomerates, losing support from their most important financial backers. In the slipstream details emerged about the hidden ownership structure behind HNA. But most of these ownership relations remain opaque says political analyst Victor Shih to Fortune.

Reducing risk, at the expense of reform – Victor Shih

China’s leadership is setting a new economic agenda halfway July, and much of the measures focus on the reduction on risk, even if – says political scientist Victor Shih at Bloomberg – that means announced financial reforms will be stalled.

Xi Jinping has few friends in the Party – Victor Shih

President Xi Jinping’s position at the helm of his country seems pretty secure, says political analyst Victor Shih, author of Factions and Finance in China: Elite Conflict and Inflation to the Economist. Although, his support at the next layer in the Party seems pretty meagre, he adds.