Worries continue to swirl around the Chinese and global economies, but the news from China in the third quarter of 2011 was basically positive: Inflationary pressures eased while growth slowed only slightly. Moreover, surface indicators of the health of China’s financial system remained stable and even improved slightly. These developments took some of the pressure off policy-makers, and opened up new space for policy adjustment and innovation. This has allowed China to make some adjustment around macroeconomic policy, loosening it slightly. However, large shifts in macroeconomic policy—of the sort expected by some in the global investment community—are not likely to occur soon. The overall economic environment is still challenging, and there is increasing evidence of complex interactions among different parts of the financial system, interactions that may not be fully understood. Moreover, today’s policy decisions are intertwined with important personnel changes. In fact, the man most responsible for the improvement in the financial health of China’s banks has just stepped down. The retirement of Liu Mingkang, head of the China Bank Regulatory Commission, may have profound consequences for the Chinese financial system.
-
About Hoover
About Hoover
Located on the campus of Stanford University and in Washington, DC, the Hoover Institution is the nation’s preeminent research center dedicated to generating policy ideas that promote economic prosperity, national security, and democratic governance.
Learn More -
Fellows
Fellows
Hoover scholars form the Institution’s core and create breakthrough ideas aligned with our mission and ideals. What sets Hoover apart from all other policy organizations is its status as a center of scholarly excellence, its locus as a forum of scholarly discussion of public policy, and its ability to bring the conclusions of this scholarship to a public audience.
View All Fellows -
Research
Research
Throughout our over one-hundred-year history, our work has directly led to policies that have produced greater freedom, democracy, and opportunity in the United States and the world.
Learn More -
Commentary
Commentary
Hoover scholars offer analysis of current policy challenges and provide solutions on how America can advance freedom, peace, and prosperity.
Learn More - Library & Archives
-
Support Hoover
Support Hoover
Learn more about joining the community of supporters and scholars working together to advance Hoover’s mission and values.
Learn More - Events
- Student Opportunities
-
-
What is MyHoover?
MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests.
Watch this video for an overview of MyHoover.
Create AccountForgot Password
Login?
-
-
What is MyHoover?
MyHoover delivers a personalized experience at Hoover.org. In a few easy steps, create an account and receive the most recent analysis from Hoover fellows tailored to your specific policy interests.
Watch this video for an overview of MyHoover.
Create AccountHave questions? Contact us
Forgot Password
Login?
-
Support Hoover
Support Hoover
Learn more about joining the community of supporters and scholars working together to advance Hoover’s mission and values.
Learn More