Please note that the seminar has been cancelled as one of the speakers is unwell. Professor Stephen Bell & Dr Hui Feng send their apologies. We are hoping to reschedule the seminar sometime soon. 


Professor Stephen Bell (POLSIS/UQ) & Dr Hui Feng (Griffith University)

Stephen Bell:

Hui Feng:



China’s state-directed banking and financial system has long poured vast amounts of credit into China’s state sector economy, especially in infrastructure and the giant state-owned enterprises. Since 2008 the state has increased the flow drastically, increasing financial assets by an amount that rivals the size of the entire US financial system. However, the state-directed credit-based growth model and the export-led growth model are now in trouble. A revised growth model must emphasize domestic-led consumption growth, which has been lagging. We argue that liberal reformers in the state have (quietly) sanctioned the growth of the informal shadow banking sector as an institutional work-around to help foster the new growth model. This, in fact, amounts to China’s version of ‘banking reform’; a classic reflection of China’s capacity for ‘informal institutional adaptation’ in the shadow of hierarchy.

About School Research Seminar Series

This series brings together the School’s research community and domestic as well as international leaders in the field of politics and international affairs. Across each semester, the series showcases a diverse and exciting range of topics. We welcome anyone who might be interested in attending.

Please note that most of the research seminars are recorded and are available online.