The Little Red Podcast
Bank Balance: China Purges its Finances
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Show notes
In the sixth episode in our China Rules series, we examine China’s purge of its banks. China’s banks are three times bigger than the US banking system, holding assets worth $60 trillion – equivalent to half the world’s GDP. But in the past year, Beijing has shuttered almost one-quarter of its smaller banks. To examine China’s authoritarian banking system, Louisa and Graeme are joined by two experts from the National University of Singapore: Jason Bedford, formerly a China-based investment analyst, now with the East Asia Institute and Adam Y. Liu of the Lee Kuan Yew School of Public Policy, author of Authoritarian Markets: The Politics of China’s Banking Explosion.
Image: Shanghai and Stock Market, June 2018. iStock photo ID: 970600792.
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