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As the center of capitalism in China, Shanghai banking provides a unique perspective for assessing the impact of the changes from financial capitalism to socialist planning banking in the early 1950s, and for evaluating the reform of China's banking system since the 1980s. This book offers a comprehensive history of Shanghai banking and capital markets from 1842 to 1952, and illustrates the non-financial elements that contributed to the revolutionary social and financial changes since the 1950s, as well as financial experiences that are significant to China's economic development today. The book describes the rise and fall of China's traditional native banks, the establishment of foreign ban...
While the years between 1927 and 1953 in China were a time of war, revolution, and social disintegration, they were also a time for building political legitimacy. In this ground-breaking work, Ray Hartman painstakingly details how Chinese Communist Party (CCP) leaders perceived political legitimacy during the Party’s formative years. He argues that Chinese Communist leaders’ conception of legitimacy was the main force driving the Party’s policies and military strategy during this time. Although “legitimacy” often comes up in discussions pertaining to the CCP's performance regarding the Party's policies -- whether they be social, economic, or military -- this work is the first to de...
“By learning more not only about China, but from China, America is more likely to sustain a constructive relationship with the rising China. Lampton insightfully provides us with the much-needed guidance.”–Zbigniew Brzezinski, Center for Strategic and International Studies "Professor Lampton's stimulating and well-researched book provides a comprehensive framework for intelligent thinking about the implications for the United States and the world of the rapid expansion of China's economic and military power. Serious students of world affairs and non-specialists concerned about the outlook for U.S.-China relations will all benefit from the historically-based insights and judgments that fill the pages of this thought-provoking volume."—J. Stapleton Roy, former United States ambassador to China
When World War II ended Chiang Kai-shek seemed at the height of his power-the leader of Nationalist China, one of the victorious Allied Powers in 1945 and with the financial backing of the US. Yet less than four years later, he lost the China's civil war against the communists. Offering an insightful chronological treatment of the years 1944–1949, Parks Coble addresses why Chiang was unable to win the war and control hyperinflation. Using newly available archival sources, he reveals the critical weakness of Chiang's style of governing, the fundamental structural flaws in the Nationalist government, bitter personal rivalries and Chiang's personal lack of interest in finance. This major work of revisionist scholarship will engage all those interested in the shaping of twentieth-century history.
This book assesses new developments in and reform of China's banking law system following its accession of the WTO. It focuses on the relationship between GATS/WTO national treatment obligations and China's banking law. Tracing the history of national treatment in China, the book compares the treatment of foreign-funded banks with the treatment of Chinese-funded banks and examines the structure and shortcomings of the existing banking law framework in China. Offering suggestions as to how the framework could be restructured and analysing the economic and political bases of an integrated banking law framework, the book argues that reorganization would bring about greater consistency with GATS...
When European powers annexed parts of Asia, banking systems were an important part of that process. The essays in this edited collection are based on original research using primary sources in English, French, Russian, Chinese and Japanese. The book as a whole provides new insights into banking in imperial Asia and a platform for further research.
It's the end of April, 1975. Saigon is about to fall, as the situation goes from severely bad to completely fucked-up. The Snake is faced with a difficult decision: he can fade into the noise of history, slowly obscured by the haze and comfort of innocent love. Or he can follow his instincts into the violent depths of human nature, along a transnational path of conflict paved by drugs and weapons smugglers, from the ricefields of Vietnam to the jungles of El Salvador and Nicaragua. Hardly a choice. Power & Snake explores the implausible and yet highly probable story of how The Snake has found himself in this situation - and what he does about it. Using the historical events we are aware of as stepping stones in the dangerous swamps of twentieth century conflicts, The Snake brings the reader into the heart of darkness and shows us how to both respect and laugh at the creatures that call it their home.
China's Banking Transformation describes the strengths and weaknesses of the Chinese banking system based on the author's 12 years serving on two Chinese bank boards. Acknowledging the challenges banks face, the book challenges conventional views, maintaining that China's banks now function well within China's market socialist political economy, and within China's traditional collectivist cultural world.
As China emerges as a global powerhouse, this title examines its economic past and the shaping of its financial institutions.