China's National Balance Sheet

China's National Balance Sheet PDF

Author: Yang Li

Publisher: Springer

Published: 2017-06-08

Total Pages: 363

ISBN-13: 981104385X

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With the goal of perfecting the national governance system and raising the country’s governance capability, this book systematically analyzes the characteristics and trajectory of China’s economic expansion and structural adjustment, while also assessing a variety of short-term debt and long-term economic performance and financial risks. In addition to discussing the market-oriented reform process at the stage of economic development, institutional and structural characteristics, it presents research on the country as a whole, its residents, non-financial corporations, financial institutions and central banks, the central government, local government, and other external sectors. On the basis of extensive data, the book analyzes the national and sectoral balance sheets in China and explores a number of major issues the country is currently facing, such as sustainable development, government restructuring, local debt, welfare reform, openness and stability of the financial system, etc., as well as suitable policy measures and institutional arrangements for addressing them.

China: The Balance Sheet

China: The Balance Sheet PDF

Author: C. Fred Bergsten

Publisher: PublicAffairs

Published: 2007-03-13

Total Pages: 226

ISBN-13: 1586485350

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China's emergence as a major international power is perhaps the most important development in world affairs of the 21st century. Now, this book provides an indispensable survey of that country, the world's largest-- a vast land with 1.4 billion people and the world's most dynamic economy. Over the past year, Dr. Bates Gill, C. Fred Bergsten, Nicholas R. Lardy, and Derek Mitchell have led four task forces through a rigorous exercise of investigation and intelligence, compiling and analyzing the authoritative data on China's economy, foreign and domestic policy, and national security. Now that material has been shaped into an accessible narrative filled with facts, but written for the general reader. The expert judgements presented in China: The Balance Sheet will inform policymakers in Washintgon, scholars and the business community for years to come.

China's National Balance Sheet (2015): Leverage Adjustment and Risk Management

China's National Balance Sheet (2015): Leverage Adjustment and Risk Management PDF

Author: Yang Li

Publisher: Springer

Published: 2018-03-22

Total Pages: 240

ISBN-13: 9811077339

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The book aims at perfecting the national governance system and improving national governance ability. It evaluates the balance sheets of the state and residents, non-financial corporations, financial institutions and the central bank, the central government, local government and external sectors – the goal being to provide a systematic analysis of the characteristics and trajectory of China’s economic expansion and structural adjustment, as well as objective assessments of short and long-term economic operations, debt risks and financial risks with regard to the institutional and structural characteristics of economic development in market-oriented reform. It puts forward a preliminary analysis of China’s national and sectoral balance sheets on the basis of scientific estimates of various kinds of data, analyzes from a new perspective the major issues that are currently troubling China – development sustainability, government transformation, local government debt, welfare reform, and the financial opening-up and stability – and explores corresponding policies, measures, and institutional arrangements.

Fiscal Policy and the Government Balance Sheet in China

Fiscal Policy and the Government Balance Sheet in China PDF

Author: Mr. Waikei R Lam

Publisher: International Monetary Fund

Published: 2023-08-04

Total Pages: 55

ISBN-13:

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In this paper, we present the most comprehensive estimates of China’s government balance sheet to date. Based on these estimates, we show how major shifts in fiscal policy over the last two decades have shaped the health of the public sector prior to the Covid-19 pandemic. We find that, at US$12.5 trillion, China has the largest stock of financial assets in the world. However, its net financial worth as a percent of GDP—though still higher than the large majority of countries—has declined over the last decade. This trend can be traced back to the turn of the century when China undertook a major restructuring of its state-owned enterprises but left important shortcomings in the intergovernmental fiscal system unaddressed. Compounding these risks, reform momentum stalled in the aftermath of the global financial crisis leading to high leverage and falling profitability among state-owned enterprises.

Managing Financial Risks Amid China's Economic Slowdown

Managing Financial Risks Amid China's Economic Slowdown PDF

Author: Yang Li

Publisher: Springer Nature

Published: 2019-10-01

Total Pages: 183

ISBN-13: 9811357528

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The book is based on the research concerning China’s National Balance Sheet (NBS) which is conducted by NIFD, the unique research groups in China focusing on NBS. The relative data have been quoted by the IMF, Chinese government sectors, influential investment banks at home and abroad. This book offers readers a unique edited work that systematically presents solutions to manage financial risk in the context of the current situation in China.

What is Behind China's Latest National Balance Sheet

What is Behind China's Latest National Balance Sheet PDF

Author: Yang Li

Publisher:

Published: 2018

Total Pages: 0

ISBN-13: 9781844645046

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Based on the existing compilation framework, this report tries to update the main data and focuses on China's economic development and restructuring process during the period from 2012 to 2014; intends to deeply explore the challenges in the process of stabilizing economic growth, adjusting economic structure, transforming development mode and controlling economic risks, especially in the process of deleverage and the controlling of financial risks; and puts forward policy proposals for resolving the balance sheet risks. This report also collects the experts' speeches on the symposium, which point out the way to perfect the compilation of the national balance sheet and give advice on how to make a better analysis and application of the national balance sheet. (Series: China Advanced Research and Analysis Series) [Subject: Macroeconomics, Economics, Economic Development, Asian Studies]

Shadow Banking in China

Shadow Banking in China PDF

Author: Andrew Sheng

Publisher: John Wiley & Sons

Published: 2016-07-12

Total Pages: 288

ISBN-13: 1119266327

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An authoritative guide to the rise of Chinese shadow banking and its systemic implications Shadow Banking in China examines this rapidly growing sector in the Chinese economy, and what it means for your investments. Written by two world-class experts in Chinese banking, including the Chief Advisor to the China Banking Regulatory Commission and former Chairman of the Securities and Futures Commission in Hong Kong, this book is unique in providing true, first-hand perspectives from authorities within the world's largest economy. There is little widely-available information on China's shadow banking developments, and much of it is rife with disparate data, inaccuracies and overblown risks due to definitional and measurement differences. This book clears the confusion by supplying accurate information, on-the-ground context and invaluable national balance sheet analysis you won't find anywhere else. Shadow banking has grown to be a key source of credit in China, and a major component of the economy. This book serves as a primer for analysts and investors seeking real, useful information about the sector to better inform investment decisions. Discover what's driving the growth of shadow banking in China Learn the truth about both real and inflated risks Dig into popular rhetoric and clarify common misconceptions Access valuable data previously not published in English Despite shadow banking's critical influence on the Chinese economy, there have been very few official studies and even fewer books written on the subject. Understanding China's present-day economy and forecasting its future requires an in-depth understanding of shadow banking and its inter-relationship with the banking system and other sectors. Shadow Banking in China provides authoritative reference that will prove valuable to anyone with financial interests in China.

Summary: China: The Balance Sheet

Summary: China: The Balance Sheet PDF

Author: BusinessNews Publishing,

Publisher: Primento

Published: 2017-01-30

Total Pages: 18

ISBN-13: 2511000431

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The must-read summary of a book by C. Fred Bergsten, Dr. Bates Gill, Nicholas R. Lardy and Derek Mitchell on behalf of The Center for Strategic and International Studies and the Institute for International Economics: “China: the Balance Sheet, What the World Needs to Know Now about the Emerging Superpower”. This complete summary of "China: The Balance Sheet" outlines the authors' examination of the facts and dynamics at the basis of China’s rise. It also puts forward the best ways to integrate China in the international community. Added-value of this summary: • Save time • Understand China's role as an emerging market • Expand your knowledge of global economics and commerce To learn more, read "China: The Balance Sheet" and discover a balanced view of the emergence of one of the key players of the 21st century.

China's Sovereign Debt

China's Sovereign Debt PDF

Author: Jianguo Xu

Publisher:

Published: 2015

Total Pages: 19

ISBN-13:

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We analyze China's sovereign debt by constructing balance sheets for China's government and public sector. We find that China's government debt-to-GDP ratio is lower than that of most large developed economies.We also find the debt-to-asset ratio of China's government and public sector significantly lower than its own historical height (1998-2002). Local government debt is mainly to finance infrastructure investments. Local government debt risk is amplified by two mismatches. The first is the income-expenditure mismatch between central and local governments.The second is the maturity mismatch of short-term debt and long-term infrastructure investments. The maturity mismatch may cause short-term repayment difficulties.