Studies on the Chinese Economy

Xu, Xiaoping

The transformation of China's economy has involved major changes in the financial sector. This book offers a detailed and authoritative guide to financial reform in China since 1979. Bank loans replaced budgetary grants as the most important source of funds for investment. A two-tier financial structure, consisting of a central bank and a newly created specialised commercial bank, developed. Nonbank financial institutions also mushroomed. The book outlines the process of change, compares these changes to the earlier mono-banking system, and shows the problems which remained - including the lack of a proper financial control mechanism. There is a detailed case-study of the Shanghai financial markets.

Details

Published by: Palgrave Macmillan

Publication Date: 1998-01-01

Format: Paperback

ISBN-13: 9781349264605

DOI: 10.1007/978-1-349-26458-2

Dimensions: 216cm x140cm

Pages: 227