Thinking About China
Opinion

The Mounting Risks in Chinese Banking

Google LogoMark Us Preferred on Google
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
|Updated:
0:00
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.

Google LogoMark Us Preferred on Google
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.
Related Topics