China’s private sector has made significant inroads in recent decades in industries like technology, manufacturing, steel, and chemicals, but its financial sector remains dominated by local or national government-owned intermediaries. This session of the Peterson Institute for International Economics (PIIE) event series Financial Statements examines the obstacles private-sector financial firms face in developing their activity in China. Host Nicolas Véron (PIIE) and guests Qiao Yide (Shanghai Development Research Foundation) and Victor Shih (University of California, San Diego) discuss on May 10, 2023.
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