Factions and Finance in China: Elite Conflict and Inflation - Image 1

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Cambridge University Press Factions and Finance in China: Elite Conflict and Inflation

Name: Factions and Finance in China: Elite Conflict and Inflation
Brand: Cambridge University Press
Price: 94.0 GBP
Availability: InStock

Economic Conditions

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Description

The contemporary Chinese financial system encapsulates two possible futures for China's economy. On the one hand, extremely rapid financial deepening accompanied by relatively stable prices are both manifestations of a vigorous growth trajectory that will one day make China the world's largest economy. On the other hand, the colossal store of non-performing loans in the banking sector augurs a troubling future. Factions and Finance in China inquires how elite factional politics has given rise to both of these outcomes since the reform in 1978. The competition between generalists in the Chinese Communist Party and politically engaged technocrats over monetary policies has time and time again prevented inflation from spinning out of control. Shih shows that elite politics has exerted a profound impact on monetary policies and banking institutions in contemporary China.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 052187257X
Category: Books > Subjects > Business, Finance & Law > Economics > Economic Conditions
Domain: Amazon UK
Release Date: 03 December 2007
Listed Since: 14 May 2007

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Cambridge University Press Factions and Finance in China: Elite Conflict and Inflation

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