Jan Kregel on Financial Liberalisation in China

Jan Kregel gives a talk below called “China in the World: Growth, Adjustment, and Integration,” given at the Institute for New Economic Thinking’s “Changing of the Guard?” conference held in Hong Kong.

The talk from about 27.55 discusses issues of financial regulation, liberalisation, real estate speculation, and the emerging shadow banking system in China and its role in Chinese economic development.

One important point brought out is how China’s stimulus after 2008 was implemented via funding from its banking system, something Western nations are not able to do with such lesser control over their financial systems.