Social and Behavioral Sciences Commons^™

China: Reserve Requirements, 2015–2016, Carey K. Mott

Journal of Financial Crises

After China devalued the renminbi against the US dollar in August 2015, Chinese equity markets experienced a significant drop that spilled into international markets. The People’s Bank of China (PBOC) adjusted the reserve requirement ratio (RRR) five times between February 2015 and October 2015: three times before the market turmoil, to allocate credit to preferred sectors, and twice in response to the crisis to release liquidity into the financial system. Throughout this cycle, the central bank applied lower RRRs to rural credit institutions, agricultural lenders, leasing and financing companies, and other sectors in which government policy promoted lending. Although the …

China: Reserve Requirements, Gfc, Carey K. Mott

Journal of Financial Crises

In 2008, China experienced several natural disasters that slowed economic growth, and fearing contagion from the Global Financial Crisis (GFC), the central bank cut the reserve requirement ratio (RRR) three times for large financial institutions, to 15.5%, and four times for small and medium-size financial institutions, to 13.5%. This monetary easing, combined with a USD 586 billion fiscal stimulus package, caused explosive credit growth in China. One year after these RRR cuts, the central bank hiked the ratio 12 times, to a historically high 21.5% for large banks in June 2011; however, it maintained a different ratio for rural credit …

Questioning China’S Peaceful Development: A Mahanian Sea Power Analysis Of Blue Water Navy Accumulation, Patricia Patricia, Putu Agung Nara I.P. Satya

Global: Jurnal Politik Internasional

China has been rapidly accumulating naval capabilities for nearly 4 decades with the ambition of pursuing blue-water-navy forces through its People’s Liberation Army Navy (PLAN). With its peaceful development policy, the acquisition of such powers has been interpreted as an anomaly and therefore resulted in an increase of security dilemmas between states. In the quest for explanations behind China’s actions, multiple scholars have examined this phenomenon by utilizing offensive realism, defensive realism, and Tirpitzian non-hegemonic naval theory. Thus, this paper brings another perspective by applying the Mahanian Sea Power approach. Consequently, the analysis established that China’s pursuit of blue-water-navy is …

China, Europe, And The Pandemic Recession: Beijing’S Investments And Transatlantic Security, John R. Deni, Chris Alden, Erik Brattberg, Roger Cliff, Mark Duckenfield, R. Evan Ellis, Nicholas Nelson, Lauren Speranza

Monographs, Collaborative Studies, & IRPs

Given the depth and breadth of the pandemic-induced recession in Europe, private companies in need of capital and governments looking to shed state-owned enterprises may be tempted to sell shares, assets, or outright ownership to investors with liquidity to spare. Of greatest concern is the role that China might play in Europe, building Beijing’s soft power, weakening allied geopolitical solidarity, and potentially reprising the role it played in the 2010s, when its investments in Europe expanded dramatically. More specifically, there is concern over China’s investments in infrastructure and sensitive technologies relevant to American and allied military operations and capabilities.

Whether …

China Containment In East Asia: Preventative Or Provocative?, Rachel Solsman

Helm's School of Government Conference - American Revival: Citizenship & Virtue

Since the end of World War II, the United States has developed and maintained its strategic alliances with Japan, South Korea, the Philippines, and Taiwan, and has worked to contain China through bolstering its deterrence strategy. However, after a century of humiliation, China is modernizing its military capabilities, improving in trade, and increasing political cohesion to become a regional hegemon. In light of these changes to the international order, the United States must re-evaluate its East Asian alliances and its current military and economic deterrence strategy against China. This paper will discuss the history of these alliances, the rise of …