Controlled Neoliberalism: Formation and Development of the Chinese Banking-Financial System

DOI:  https://doi.org/10.12804/revistas.urosario.edu.co/desafios/a.7707

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Published: Jan 1, 2020
Issue: Vol. 32 No. 1 (2020): (January-June) China as an Advocate of a New Global Agenda? Challenges, Tensions, and Opportunities...
Section Thematic Dossier


Keywords: Chinese banking-financial system shadow banking system neoliberalism development bank of China.

Main Article Content

Authors

  Pedro Henrique Neves de Carvalho
Centro Universitário de Belo Horizonte

Abstract

The Chinese banking-financial system is at the center of the social and productive transformations of the great Asian economic power. A recently organized system that reaches crucial conditions for the renewal of the Chinese economic agenda. The article aims to gather the transformation agenda of this structure from a safer reading about the formation of the China’s shadow banking system. A common credit structure in neoliberal financial spaces. Therefore, the research is organized methodologically through a macrohistorical approach, to observe the structural transformation factors of the Chinese economy with respect to banking and financial regulation. And it is argued that this Chinese process exposes an update on neoliberal practice. This exposes an interpretation about controlled neoliberalism given the conditions of management of the public institutions that forms the Chinese State. As a result of this research, we present the structural changes of China’s controlled neoliberalism from: 1) The banking system, 2) The development bank of China as the main institution for credit renewal, and 3) Securitization of bank liabilities for investments in infrastructure.

How to Cite
Neves de Carvalho, P. H. (2020). Controlled Neoliberalism: Formation and Development of the Chinese Banking-Financial System. Desafíos, 32(1), 1–32. https://doi.org/10.12804/revistas.urosario.edu.co/desafios/a.7707
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