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portada Digital Media and Risk Culture in China’S Financial Markets (Routledge Research in Digital Media and Culture in Asia)
Type
Physical Book
Publisher
Author
Year
2018
Language
English
Pages
152
Format
Hardcover
ISBN13
9781138895836
Edition No.
1
Categories

Digital Media and Risk Culture in China’S Financial Markets (Routledge Research in Digital Media and Culture in Asia)

Zhifei Mao (Author) · Routledge · Hardcover

Digital Media and Risk Culture in China’S Financial Markets (Routledge Research in Digital Media and Culture in Asia) - Zhifei Mao

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Synopsis "Digital Media and Risk Culture in China’S Financial Markets (Routledge Research in Digital Media and Culture in Asia)"

This book analyzes the risk cultures in China that have emerged from the entanglement of new communication technologies and financial markets, examining the role that digital media play in Asian modernity and offering an alternative narrative to that of the West. The book illustrates the impact of exclusively Chinese digital media on power dynamics within risk definition, arguing that information and communication technologies (ICTs) empower individuals, enabling them to compete with an expert-oriented risk culture controlled by Government- and banker-led media outlets. With struggles, competitions, compromises, and confrontations, major communicators in financial world are collectively producing risk cultures based on interpersonal relations instead of contractual obligations, in which insider information is valued over professional analysis. Meanwhile, investors are trapped in a risk culture paradox that they themselves have produced, as they attempt to take advantage of other actors’ uncertainties and eventually produce risks for the entire market.

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