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However, as of December 2014, the People’s Bank of China "started to undo decades of financial repression" and the government now allows Chinese savers to collect up to a 3.3% return on one-year deposits. At China's 1.6% inflation rate, this is a "high real-interest rate compared to other major economies". [1]
Ronald Ian McKinnon (10 July 1935 – 1 October 2014) was an applied economist.His primary interests were international economics and economic development, with strong secondary interests in transitional economies and fiscal federalism.
In 2020 Federal Bureau of Investigation (FBI) director Christopher A. Wray gave a speech at the Hudson Institute in New York where he talked at length about Fox Hunt and said the purpose of Fox Hunt is political repression, not anti-corruption. According to Wray, targets are given the option of returning to China or committing suicide. [29]
The three red lines (Chinese: 三條紅線, Simplified: 三条红线, Pinyin: sān tiáo hóng xiàn) are financial regulatory guidelines in the People's Republic of China introduced in August 2020 relating to the ratio of debt to cash, equity and assets. [1]
Transnational repression by China refers to efforts by the government of the People's Republic of China to exert control and silence dissent beyond its national borders. Transnational repression targets groups and individuals perceived as threats to or critics of the Chinese Communist Party (CCP).
The Tangshan protest occurred in 2004 after more than 11,000 farmers in Hebei Province, China, signed a petition calling for the removal of Communist Party officials who were allegedly involved in corruption. The protest led to a crackdown on rights activists and further repression of the farmers.
Shadow banking in China involves several different forms of credit activity, some which include banks, and others which do not. In China, the most common forms of shadow banking include the use of Wealth Management Products (WMPs), other trust products, entrusted loans as well as financial system interlinkages such as transferring beneficiary rights for trust accounts.
Labor protests in China's industrial sector are common, as migrant workers resist low wages or poor working conditions. There are trade unions in China, but they consist of CCP cadres. [22] [23] Trade unions are supposedly an extension of the CCP in companies, factories and general management. [24] [25] [26]