Books by Victor Shih
Victor Shih is a political economist at Northwestern University. He has written articles on Chinese political and economical life for The China Quarterly, Comparative Political Studies, The Asian Wall Street Journal and many other titles. He advises the private sector on the banking industry in China. His current research concerns elite political dynamics in China and Chinese fiscal policies.
Factions and Finance in China
by Victor Shih
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.
Interviews with Victor Shih
The best books on The Chinese Economy, recommended by Victor Shih
Victor Shih’s selection highlights rising inequality, economic irregularity and political heavy-handedness at the heart of modern China. As its economy blazes on, uncertain times may be looming
