China in the global financial crisis: Rising influence, rising challenges

Washington Quarterly

Volumn 33, Issue 1, 2010, Pages 21-34

  Overholt, William H ^a  

^a HARVARD UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 71049165498     PISSN: 0163660X     EISSN: 15309177     Source Type: Journal    
DOI: 10.1080/01636600903418652     Document Type: Article

References (14)

1. The statistics on HKFI member-owned companies and toy company bankruptcies, along with the HKFI members' interpretations of the causes, are from a presentation of HKFI findings at the International Chamber of Commerce annual meeting in Hong Kong in October 2008.
2. See CEIC Data, Web site, http://www.ceicdata.com/. (Detailed information only available for subscribers).
3. For a detailed analysis of the statistics on mass incidents, including the 1993 and 2000 numbers, see Murray Scot Tanner, "China Rethinks Unrest," The Washington Quarterly 27, no. 3 (Summer 2004): 137-156, http://www.twq.com/04summer/docs/04summer_tanner.pdf.
4. For the source on the 2004 number, see "Senior Chinese Officials Acknowledge Rising Social Unrest, but Rule Out Political Liberalization," Congressional-Executive Commission on China, July 4, 2005, http://www.cecc.gov/pages/virtualAcad/index.phpd?showsingle7209.
5. See Tony Saich, "The Changing Role of Urban Government," in Shahid Yusuf and Tony Saich, China Urbanizes: Consequences, Strategies, and Policies (Washington, D.C.: The World Bank, 2008), pp. 195-196, 200.
6. See Shai Oster, "Beijing Calls Off Sale of Steel Mill," Wall Street Journal, August 17, 2009, http://online.wsj.com/article/SB125043783917034879.html.
7. For example, see the quotations from economists of leading banks in "China Bank Lending: A Bubble in the Making?" CNN, July 24 2009, http://edition.cnn.com/2009/BUSINESS/07/24/china.record.lending/index.html.
8. This writer spent a week in Chongqing in July 2009. Senior government officials gave credible accounts of rapid economic growth. Every company visited reported rapid growth. According to official statistics, second quarter GDP growth was 15.7 percent over the previous year.
9. See Chris Oliver, "China Bank Lending Fell Almost 77% in July," Market Watch, August 11, 2009, http://www.marketwatch.com/story/china-bank-lending-falls-almost-77-in-july-2009-08-11.
10. See Jamil Anderlini, "China's Economy Cools as Lending Slows," Financial Times, August 11, 2009, http://www.ft.com/cms/s/0/06871ef4-8630-11de-98de-00144feabdc0.html.
11. See Fang Huilei, Wen Xiu, Yu Ning, and Song Yanhua, "New Bank Loans Soar to 1.6 Trillion Yuan," Caijing Online, February 12, 2009, http://www.caijing.com.cn/2009-02-11/110054980.html (in Chinese).
12. Richard Armitage and Joseph Nye, "The United States and Japan: Advancing Toward a Mature Partnership," INSS Special Report (Washington, D.C.: Institute for National Strategic Studies [INSS], October 2000), http://www.ndu.edu/inss/strforum/SR_01/SR_Japan.htm.
13. The phrase G-2, coined by Fred Bergsten, remains politically incorrect but is in common use. To read more about how most great Asian issues would inevitably end up being managed by a U.S.-China bicondominium
14. see William H. Overholt, Asia, America and the Transformation of Geopolitics (Cambridge, MA: Cambridge University Press, 2007).