China and the Global Financial Crisis

Meglio, Jean-François Di; Richet, Xavier

doi:10.4324/9780203115626

Cited by 5 publications

(2 citation statements)

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“…Many low-and middleincome households have to pay growing housing expenses due to a lack of affordable housing (Shi, 2012). In response, the Chinese government has provided credit support, tax relief and low-rent house building to stimulate housing consumption and reduce social unrest (Cabestan et al, 2012). It has to be said that the real estate market has grown rapidly and aggressively due to easing policies.…”

Section: Purchase Restriction Ordermentioning

confidence: 99%

An Islamic principle-based integrated solution for China’s housing affordability issues

Taib

Gold

2023

IJHMA

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Purpose This study aims to merge the world’s proven ways of housing finance, including musharakah mutanaqisah, housing cooperatives and real estate crowdfunding, to present an alternative housing unaffordability solution based on the Islamic finance principle. It is intended to reduce the burden of funding for both sides (consumers and developers) and create win–win chances for all stakeholders, including intermediaries. By moving away from debt financing and merging the features of crowdfunding and cooperative, it is hopeful that the burden of home ownership will no longer be the case. Design/methodology/approach This paper presents the opinions of potential Chinese homebuyers (minority Muslims and most non-Muslims) and a few industry experts toward the proposed model via a mixed research method. Findings According to the findings, the majority of respondents agreed with the proposed paradigm. Just concerned that China’s lack of community culture and trust could pose a major threat to implementation. However, this paper argues that Chinese local governments may perform pilot testing in places where Islamic culture is prevalent. Their unique community culture and fundamental understanding of Shariah law may affect the viability of the proposed model. Originality/value The proposed model would increase the applicability of Islamic finance as a way of protecting the social order of communities in the spirit of upholding justice and fairness. A new type of housing loan based on musharakah mutanaqisah may squeeze out the real estate bubble and provide stakeholders with a multidimensional investment channel. In particular, the study identifies the impact of Chinese Islamic financing on government and cultural needs. It presents possible challenges for implementing the proposed model in reality and helps bridge the gap between theory and practice.

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Section: Purchase Restriction Ordermentioning

confidence: 99%

An Islamic principle-based integrated solution for China’s housing affordability issues

Taib

Gold

2023

IJHMA

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“…With a total investment of US$1.9 billion, the PASDEP project was at the time the largest telecommunications contract undertaken by a Chinese company in Africa. 56 For a time, Ethiopia was Huaxia's "granary in Africa," accounting for almost 50 per cent of the company's African revenue. As a project manager from Huaxia commented:…”

Section: Gaining and Losing The Monopoly In Ethiopiamentioning

confidence: 99%

Chinese Telecommunications Companies in Ethiopia: The Influences of Host Government Intervention and Inter-firm Competition

Fei¹

2020

The China Quarterly

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This article examines Chinese engagement in Ethiopia's telecommunications sector. It argues that while theories of developmental state and global production networks contribute important insights on the roles of state agency and inter-firm relations in the rise of global lead firms from East Asia, they are insufficient to interpret the recent overseas ventures of Chinese companies in Africa. A case study of one flagship Chinese telecommunications company in Ethiopia advances the existing literature by highlighting the influences of host government intervention and inter-firm competition in shaping firms’ local operations. Specifically, this article analyses a myriad of changes in the case company's organizational structure and business practices in response to increased market competition administered by the Ethiopian government. Findings reveal that despite benefiting from official inter-state cooperation, Chinese overseas companies are neither static nor merely state-driven players but are flexible in adjusting strategies to improve their competitiveness in the local market.

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Geopolitical economy and the production of territory: The case of US–China geopolitical-economic competition in Asia

2017

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Recent work in political geography and Marxist, critical political economy has refocused attention on the interrelations between political economy and geopolitics. This paper examines the contributions of Antonio Gramsci to the theory of geopolitical economy and the production of territory. Doing so enables two key insights. First, explaining the production of territory requires unraveling multiple—sometimes competing—levels of geopolitical and geoeconomic power relations. It follows that geopolitical economy requires historicizing the practices of territorialization. The second point is that the practice of territorialization is today everywhere bound up with the project of producing and reproducing capitalist (i.e. class) social relations, including the capitalist form of the state as a social relation. To support this claim, we examine recent US–China hegemonic competition in regional, geoeconomic strategies—US’s “Trans-Pacific Partnership” and China’s “One Belt, One Road” Initiative.

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China and the Global Financial Crisis

Cited by 5 publications

References 0 publications

An Islamic principle-based integrated solution for China’s housing affordability issues

An Islamic principle-based integrated solution for China’s housing affordability issues

Chinese Telecommunications Companies in Ethiopia: The Influences of Host Government Intervention and Inter-firm Competition

Geopolitical economy and the production of territory: The case of US–China geopolitical-economic competition in Asia

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