Translation Tag: finance
Zhou Yu, a researcher at the Shanghai Academy of Social Sciences, suggests the U.S. will increasingly resort to financial sanctions to pursue its geopolitical goals. Frequent and large-scale deployment of sanctions, Zhou argues, will ultimately undermine their effectiveness by encouraging other states to reduce their dependence on global financial public goods controlled by the U.S., and by dampening enthusiasm for sanctions among other Western powers, which the U.S. relies on to make its actions effective.
A researcher affiliated with the People’s Bank of China examines the nature and effects of a perceived growing U.S. tendency to deploy financial sanctions toward geopolitical objectives. The article outlines an extensive set of recommendations Beijing can take to better prepare for and protect against various sanctions scenarios, including deepening China’s global economic integration, improving diplomatic and trade ties with U.S. allies and partners, and promoting reform of the international monetary order.
Zhang Bei, a senior economist at the People’s Bank of China, warns that risks to China’s financial security are increasing amid an evolving geopolitical environment. Zhang sees sanctions as a double-edged sword, with economic and reputational costs to the sanctioning country—particularly if the sanctioned country is well-integrated with the global economy and financial markets. As a result, Zhang argues that China can reduce the likelihood and impact of potential sanctions by increasing financial openness and integration, diversifying trade and investment relations, and taking a more active role in global economic and monetary governance, including through measured RMB internationalization.
This document is the official readout of the June 2022 meeting of the Politburo, one of the CCP’s key decisionmaking bodies. The meeting agenda included a review of a report on political and discipline inspections of financial institutions, among other matters.
This article, published by the Development Research Center of the State Council, unpacks the “disorderly expansion of capital,” a term that rose to prominence in the wake of Beijing’s tech crackdown during the summer of 2021.
A former official at the China Securities Regulatory Commission encourages China to develop its own financial model in order to avoid the pitfalls of the U.S. model. He argues against excessive financialization, in order to avoid harming the development of the real economy.
Readout from the December convening of the Central Economic Work Conference, one of the most important annual venues for laying out the coming year’s economic policies and priorities.
A senior executive at the state-owned Industrial and Commercial Bank of China explains the role of finance in transitioning China’s economy and development model from quantity to quality in order to better serve the people and achieve national rejuvenation.