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Factions and finance in China
Author:
ISBN: 9780521106474 9780521872577 9780511790591 9780511367618 0511367619 9780511366390 0511366396 0511790597 052187257X 1107180767 9781107180765 1281146234 9781281146236 9786611146238 6611146237 0511367023 9780511367021 0511365764 9780511365768 0511573723 9780511573729 0521106478 Year: 2008 Publisher: Cambridge Cambridge University Press

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Abstract

The contemporary Chinese financial system encapsulates two possible futures for China's economy. On the one hand, extremely rapid financial deepening accompanied by relatively stable prices are both manifestations of a vigorous growth trajectory that will one day make China the world's largest economy. On the other hand, the colossal store of non-performing loans in the banking sector augurs a troubling future. Factions and Finance in China inquires how elite factional politics has given rise to both of these outcomes since the reform in 1978. The competition between generalists in the Chinese Communist Party and politically engaged technocrats over monetary policies has time and time again prevented inflation from spinning out of control. Shih shows that elite politics has exerted a profound impact on monetary policies and banking institutions in contemporary China.


Book
Coalitions of the weak : elite politics in China from Mao's stratagem to the rise of Xi
Author:
ISBN: 1009022857 1316516954 1009036173 1009036114 Year: 2022 Publisher: Cambridge : Cambridge University Press,

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For the first time since Mao, a Chinese leader may serve a life-time tenure. Xi Jinping may well replicate Mao's successful strategy to maintain power. If so, what are the institutional and policy implications for China? Victor C. Shih investigates how leaders of one-party autocracies seek to dominate the elite and achieve true dictatorship, governing without fear of internal challenge or resistance to major policy changes. Through an in-depth look of late-Mao politics informed by thousands of historical documents and data analysis, Coalitions of the Weak uncovers Mao's strategy of replacing seasoned, densely networked senior officials with either politically tainted or inexperienced officials. The book further documents how a decentralized version of this strategy led to two generations of weak leadership in the Chinese Communist Party, creating the conditions for Xi's rapid consolidation of power after 2012.


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Coalitions of the weak
Author:
ISBN: 9781009022859 9781316516959 9781009016513 Year: 2022 Publisher: Cambridge Cambridge University Press

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Economic shocks and authoritarian stability : duration, financial control, and institutions
Authors: ---
ISBN: 0472126466 Year: 2020 Publisher: Ann Arbor, Michigan : University of Michigan Press,

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Abstract

Over two billion people still live under authoritarian rule. Moreover, authoritarian regimes around the world command enormous financial and economic resources, rivaling that controlled by advanced democracies. Yet, authoritarian regimes as a whole are facing their greatest challenges in the recent two decades due to rebellions and economic stress. Extended periods of hardship have the potential of introducing instability to regimes because members of the existing ruling coalition suffer welfare losses that force them to consider alternatives, while previously quiescent masses may consider collective uprisings a worthwhile gamble in the face of declining standard of living and possible elite splits. Economic Shocks and Authoritarian Stability hones in on the economic challenges facing authoritarian regimes through a set of comparative case studies, which include Iran, Iraq under Saddam Hussein, Malaysia, Indonesia, Russia, the Eastern bloc countries, China, and Taiwan, authored by the top experts in these countries. Through these comparative case studies, this volume provides readers with the analytical tools for assessing whether the current round of economic shocks will lead to political instability or even regime change among the world's autocracies. This volume identifies the duration of economic shocks, the regime's control over the financial system, and the strength of the ruling party as key variables to explain whether authoritarian regimes would maintain the status quo, adjust their support coalitions, or fall from power after economic shocks.

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