China’s central bank PBOC is dressing up its figures. Financial analyst Victor Shih, author of Factions and Finance in China: Elite Conflict and Inflation, has for Bloomberg a look at…
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The developing trade war between China and the US focuses on tariffs for commodities, while China could hurt the US really nasty by deploying its consumer power by boycotting products, tourism and US-related education. Political analyst Victor Shih, author of Factions and Finance in China: Elite Conflict and Inflation, explains in Bloomberg why China has not done so.
China has been reluctantly been shooting back with tariffs at US imports up to now in the Donald Trump trade war. It might be even more reluctant to use the powerful tool of its consumers in the trade war, says political analyst Victor Shih in the Financial Post. But it could, and Apple and Starbucks should prepare, says business analyst Shaun Rein on Fox News.
Rumors say China is willing to offer a reduction of its annual trade deficit with the US by US$200 billion. Even if China would be willing to do so, it would almost be “difficult to contemplate.”, says political analyst Victor Shih to Bloomberg.
We have seen this before, says financial analyst Victor Shih about the efforts by the financial authorities in China to reduce debts. In 2014 they tried the same, and in 2015, 2016 the PBOC, China’s central bank, started to print money again. When economic growth comes under a certain level, that will happen again, he tells Bloomberg.
China’s government seems eager to control debts, even when it means a mitigation of economic growth. But the financial stimulus will remain a trusted tool in the country’s financial toolbox, in case growth drops too far, says financial analyst Victor Shih at the Deutsche Welle
As China prepares for the second term of president Xi Jinping, the world wonders what is behind his acts. Political analyst Victor Shih, author Factions and Finance in China: Elite Conflict and Inflation takes at the Guardian a helicopter view on Xi’s anti-corruption drive, his global aspirations and plans for the future.
The first five years of president Xi Jinping’s rule saw many promises on financial and economic reforms. But he fell short on delivering on those promises, says financial and political analyst Victor Shih to Quartz.
China faces a financial dilemma, as it wants economic growth, and forces local governments to borrow more money, against the wishes of the central government, says financial and political analyst Victor Shih in the CeMEAS Conversations on China’s economic future. But external threats to the country’s stability do exist, he adds.