Financial Reform and Economic Development in China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Reform and Economic Development in China write by James Laurenceson. This book was released on 2003-01-01. Financial Reform and Economic Development in China available in PDF, EPUB and Kindle. China's prospects of successfully completing the transition to a market economy and becoming the world's largest economy during the 21st Century depend on the future sustainability of high rates of economic growth. This book is a comprehensive, balanced and realistic assessment of China's financial reform program and future direction. Covering not only the banking sector but also non-bank financial institutions, stock market development and external financial liberalization, the authors examine the impact of financial reform on economic development in China during the reform period. This volume will facilitate a more accurate assessment of the Chinese approach to financial reform, and will therefore allow more informed future policy choices for both China and other developing and transitional countries.
Financial Reform and Economic Development in China
Financial Reform and Economic Development in China - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Financial Reform and Economic Development in China write by James Laurenceson. This book was released on 2003. Financial Reform and Economic Development in China available in PDF, EPUB and Kindle. Table of contents
How China Grows
How China Grows - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook How China Grows write by James Riedel. This book was released on 2023-06-06. How China Grows available in PDF, EPUB and Kindle. Why investment and financial reform are essential to China's continued economic well-being Although China's economy has grown spectacularly over the last twenty-five years, economists disagree about how the Chinese economy is likely to fare in the short- and long-term future. Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? The first book on the relation between investment, finance, and growth in China, How China Grows dismisses this concern. James Riedel, Jing Jin, and Jian Gao argue that investment has not only been the engine of growth, but also the main source of technological progress and structural change in China. What threatens future growth instead, the authors argue, are the weaknesses of China's financial system that undermine efficiency in investment allocation. Financial-sector reform and development are necessary, not only for sustaining long-term growth, but also for maintaining macroeconomic stability. Although it includes some technical economic analysis, How China Grows is accessible to noneconomists and will benefit anyone who is interested in development finance in general and in China's economic growth in particular—whether economists, political scientists, bankers, or business people.
Banking on Growth Models
Banking on Growth Models - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Banking on Growth Models write by Stephen Bell. This book was released on 2022-05-15. Banking on Growth Models available in PDF, EPUB and Kindle. Banking on Growth Models contends that China's rapid economic rise from the late 1970s to today has been built on and shaped by a highly politicized and inefficient bank-centric financial system. Stephen Bell and Hui Feng argue that if the Chinese growth model drives how key economic sectors interact, no amount of incremental reform can have much impact on the financial system—meaningful reform can stem only from a revised growth model. For a time after the global financial crisis, it appeared that the expansion of a more market-oriented shadow banking system might help sustain China's economic growth. Since around 2015, however, Xi Jinping's regime has reversed this trajectory and placed China's financial system under heavy state control, resulting in slowed economic development and skyrocketing national debt. China's market transition and economic rebalancing are now in doubt, as is the fate of the nation's economy. By pinpointing finance as a vital element of the growth model, Bell and Feng provide a convincing assessment of financial risks and the prospects for economic rebalancing in China. Banking on Growth Models demystifies the world of Chinese banking and finance as it investigates an ever-rising national debt, a declining rate of economic growth, and the possibility of dire and drastic reform by the Asian superpower's government.
China’s 40 Years of Reform and Development: 1978–2018
China’s 40 Years of Reform and Development: 1978–2018 - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook China’s 40 Years of Reform and Development: 1978–2018 write by Ross Garnaut. This book was released on 2018-07-19. China’s 40 Years of Reform and Development: 1978–2018 available in PDF, EPUB and Kindle. The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.
