Chinese banking’s SVB resilience
www.atlanticcouncil.org
Silicon Valley Bank's collapse has rippled across evert major banking hub except for China's. This is because of China's unique banking structure which emphases heavy state oversight and control while minimizing cross border connections with advanced economies

  • frippa
    21·
    2 years ago

    Another proof China didn’t “surrender to the US” It reminds me of the '29 crash, the USSR for the most part didn’t suffer it

  • JucheBot1988@lemmygrad.ml
    20·
    2 years ago

    The Great Recession also forced the CCP to reassess the model it would structure its financial system around. The crisis revealed a more volatile and risky face of Western banking. Leading government-affiliated scholars became increasingly skeptical of a market approach to finance, which they saw as driving financial instability in the United States and Europe.

    “Seeking truth from facts,” as Deng himself said.

    These policy choices have led to a financial system with more immunity to the problems facing the United States and Europe… But that protection comes with its own costs.

    Every single time, lol

    • lil_tank@lemmygrad.ml
      16·
      2 years ago

      Sure your economy is stable… but our billionaires are making a killing right now and yours aren’t 😏

      • PolandIsAStateOfMind@lemmygrad.ml
        101·
        2 years ago

        “Nice of you to mention “billionaires” and “killing” in one sentence, because yes, something like that is happening”

  • ihaveibs@lemmygrad.ml
    19·
    2 years ago

    Ultras will still claim China is part of the same extractionary financial capitalism as the west