World Scientific Series In Chinese Business, Innovation, Investment, & Economic Growth – serie

With a strategic and geopolitical view on China's financial system, this book explores a number of roles that it plays in the world's second largest economy. The first key mission has been the financing of the domestic economy. The second one has been the financing of infrastructures (transportation, energy, and telecommunication) to offer companies a conducive environment to develop manufacturing facilities. Thirdly, it supports Chinese foreign investment. The final and most recent role is the active use of technology in finance and investment to collect big data.The book supports three theses. The first thesis argues that finance and investment are not only the product of market forces but also other dimensions like regulations, geopolitics, technology and internal governance. Another thesis is that the State Council is metaphorically the conductor, and financial and economic actors are the performers who must imperatively follow the conductor. Last but not least, the third thesis is that the sino-centric perspective adopted by the Chinese authorities impedes foreign entry. Contrary to industries opened to foreign companies, the Chinese government left ajar the door to banking industry — characterizing foreign banks as marginal actors in the system.

This book details China's idiosyncrasies, examines the "Chinese dream", and systematically analyses the stakes and consequences for China's neighbours and other main players on the global stage. China has come a long way since its opening in 1978, accomplishing impressive economic, financial, and even technological successes. Yet, after four decades of high demand, and indeed becoming the second best-performing economy in the world, the situation has changed. Why has China become less attractive? This book answers that question, showing how Chinese political leaders have shifted gears since China came back on the scene, and elaborating on how we've arrived at the current turning point.Geopolitics are complex, and the geo-economics of China even more so. Through this book, readers will gain a deeper understanding of how various economic, political and social factors have created the conditions surrounding China and the global economy today. It is a must read for anyone looking to gain a better understanding of the stakes and risks associated with activities in contemporary China.