China's Approach to Capitalism: Banking System and Money Creation

This chapter delves into China's unique approach to capitalism, particularly their inclusion of the banking system in their analysis. It examines the concept of money creation and the consequences of China's post-2008 financial crisis response. The speakers also discuss the theories of innovation and the role of the state in driving finance and investment, comparing different perspectives and highlighting China's ability to rapidly innovate and industrialize through government money creation.