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The Mounting Risks in Chinese Banking

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The Mounting Risks in Chinese Banking
Pedestrians cross a road in front of buildings in the central business district in Beijing on Nov. 23, 2021. Qilai Shen/Bloomberg via Getty Images
Christopher Balding
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Commentary

The Chinese economy is hurting. Officially, the Chinese gross domestic product (GDP) registered a robust 5.5 percent growth in the first half of 2023. Unofficially, the picture appears much bleaker. However, a simple economic slowdown would be manageable for the Chinese Communist Party (CCP)—but it’s the financial risks that worry the regime.

Christopher Balding
Christopher Balding
Author
Christopher Balding was a professor at the Fulbright University Vietnam and the HSBC Business School of Peking University Graduate School. He specializes in the Chinese economy, financial markets, and technology. A senior fellow at the Henry Jackson Society, he lived in China and Vietnam for more than a decade before relocating to the United States.
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