Shadow Banking and the Rise of Capitalism in China (Paperback, Softcover reprint of the original 1st ed. 2017)

This book is about the growth of shadow banking in China and the rise of China's free markets. Shadow Banking refers to capital that is distributed outside the formal banking system, including everything from Mom and Pop lending shops to online credit to giant state owned banks called Trusts. They have grown from a fraction of the economy ten years ago to nearly half of all China's annual Rmb 25 trillion ($4.1 trillion) in lending in the economy today. Shadow Banks are a new aspect of capitalism in China - barely regulated, highly risky, yet tolerated by Beijing. They have been permitted to flourish because many companies cannot get access to formal bank loans. It is the Wild West of banking in China. If we define capitalism as economic activity controlled by the private sector, then Shadow Banking is still in a hybrid stage, a halfway house between the state and the private economic. But it is precisely this divide that makes Shadow Banking an important to the rise of capitalism. How Beijing handles this large free market will say a lot about how the country's economy will grow - will free markets be granted greater leeway?

General

Imprint:	Springer Verlag, Singapore
Country of origin:	Singapore
Release date:	August 2018
First published:	2017
Authors:	Andrew Collier
Dimensions:	210 x 148 x 12mm (L x W x T)
Format:	Paperback
Pages:	205
Edition:	Softcover reprint of the original 1st ed. 2017
ISBN-13:	978-981-10-9759-1
Categories:	Books > Business & Economics > Economics > General Books > Business & Economics > Finance & accounting > Finance > General Books > Business & Economics > Industry & industrial studies > Service industries > Financial services industry Books > Money & Finance > General Promotions
LSN:	981-10-9759-3
Barcode:	9789811097591

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!