Monday , August 2 2021
Home / Bruegel Think Thank / China’s financial system: opening up and system risk

China’s financial system: opening up and system risk

Summary:
China is opening up its financial sector- What does that mean for China and the world? China’s financial sector has grown massively in size and has become systemically important. In addition, it has also become much more complex with increasing systemic risk. The cyclical -beyond the structural – deceleration that the Chinese economy is undergoing is one of the key risks that the Chinese financial system is facing. At the same time, China has decided to open up its financial sector to foreign competition. What can foreign banks expect to find? Should they grab this opportunity? Giuseppe Pocarro is joined by independent economist Gary Liu and Bruegel Senior Fellow, Alicia García-Herrero.

Topics:
The Sound of Economics considers the following as important: , , , , ,

This could be interesting, too:

B. T. writes Investments in human capital should be at the heart of Europe’s Covid-19 recovery strategy

B. T. writes Has the Covid-19 pandemic led to more informal and decentralised EU decision-making?

A. G.-H. writes Why China should fear the EU’s carbon border tax

B. T. writes Comparing the policy narratives of Angela Merkel and Boris Johnson during the Covid-19 pandemic

China is opening up its financial sector- What does that mean for China and the world?


China’s financial sector has grown massively in size and has become systemically important. In addition, it has also become much more complex with increasing systemic risk. The cyclical -beyond the structural – deceleration that the Chinese economy is undergoing is one of the key risks that the Chinese financial system is facing. At the same time, China has decided to open up its financial sector to foreign competition. What can foreign banks expect to find? Should they grab this opportunity? Giuseppe Pocarro is joined by independent economist Gary Liu and Bruegel Senior Fellow, Alicia García-Herrero.

Sound Money Economics System was a fringe political party in Manitoba, Canada, during the provincial election of 1941.

Leave a Reply

Your email address will not be published. Required fields are marked *