Chinas Impossible Trinity The Structural Challenges to the Chinese Dream [Hardcover]

1. Impossible Trinity in China
2. Opening a Can of Worms
3. Betting on the Role of the State
4. Incentive Problem Standing in the Way
5. Power Struggle or Genuine Reform
6. From Financial Repression to Liberalisation
7. Monetary Policy Reform Fraught with Risks
8. Systemic Risk (I): Shadow Banks and Local Debt
9. Systemic Risk (II): Property Market Bubble
10 . China ' 's Future Monetary Policy

In this new book, like in his previous works, Chi gives a prescient analysis of the major challenges facing China's economy, such as interest rate reform, capital account liberalization and monetary policy evolution in the coming decades. Is all of this 'Mission Impossible'? Chi's research into the Impossible Trinity adds new insight into an emerging economy making tough decisions without creating risks on the global stage.'

- David M. Nesbitt, Director, Business and Trust Operations, Legacy Trust Company Ltd., Hong Kong

'Chi Lo not only skilfully unpacks the economic dilemmas facing Chinese policy makers, but also shows how technical economic considerations interact with the hardnosed business of building (and breaking) political alliances and maintaining regime legitimacy. The result is a system where there are strong political incentives at the local level to pursue policies that make it harder to undertake the fundamental further economic reforms that Chi thinks are essential for ensuring China's long term economic health.'

- Shaun Breslin, Professor of Politics and International Studies, University of Warwick

'Chi Lo's insightful Impossible Trinity concerns criticallcÀ