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Red capitalism : the fragile financial foundation of China's extraordinary rise by Walter, Carl E; Howie, Fraser J T is a nonfiction available to read on EtoBox.

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SUMMARY: For many years now China's economy has seemed unstoppable. A slow appreciation of the renminbi in 2007 brought wave upon wave of liquidity into China and allowed its companies and banks to raise hundreds of billions in dollars via stock market listings. State banks that had started the new century as bankrupt relics of a communist past became the darlings of international investors. Even the collapse of Lehman Brothers in 2008 and the ensuing global financial crisis seemed to have little impact on China as the government quickly responded with a huge stimulus package. But the Lehman collapse was a dramatic wake up call to the Chinese leadership. This model of bank and capital market reform had been studiously emulated for more than a decade and had brought great benefits to China. But now, although they believed it to be bankrupt, the Chinese government were bereft of new ideas. In the face of the global financial crisis the government returned to what it knows best, massive state intervention via the banking system. Ten years of banking and capital market reforms were dead.In Red Capitalism, Carl Walter and Fraser Howie detail how the Chinese government reformed and model

Who reads Red capitalism : the fragile financial foundation of China's extraordinary rise?

Author

Walter, Carl E; Howie, Fraser J T

Publisher

John Wiley and Sons

Published

2010

Language

EN

ISBN

9780470828946

Category

nonfiction

Subjects

Economics, Finance, Political Science

Rating

3.9 / 5 (247 ratings)

Updated

2026-03-14