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?
Category Archives: People’s Bank of China
Social instability and a touchy change of power in 2012 are just two of a set of stinging problems China’s sky-high debts is causing the country, political analyst Victor Shih tells the Global Post in an extensive interview on the country’s shortfall.
China bear Victor Shih explains Medill Reports from Chicago why China’s growing debts are getting out of hand, despite efforts by the financial authorities to act on the growing concerns. It’s a wash, he claims.
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.
Victor Shih is assistant professor political science at Northwestern University and aleading specialist on China’s financial systems. Victor Shih has also consulted for the US government and the private sector on risk scenarios and “black swan” events related to China. He travels from Evanston, Ill.