Financial Reform and Economic Development in China

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Edward Elgar Publishing, Jan 1, 2003 - Business & Economics - 159 pages
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.

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Domestic financial liberalization and financial depth in China
The performance of Chinas stateowned industrial enterprises
The performance of Chinas stateowned banks
Nonbank financial institutions and economic development in China
Stock markets and economic development in China
External financial liberalization in China

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Page xiii - The author and publishers wish to thank the following who have kindly given permission for the use of copyright material.
Page 50 - ... the stipulations by the People's Bank of China. Article 33 A commercial bank shall guarantee the payment of the principal and interests of every deposit and shall not delay or refuse the payment thereof. Chapter IV Basic Principles for Loans and Other Businesses Article 34 A commercial bank shall conduct its loan business in accordance with the need for the development of the national economy and social progress and under the guidance of the state industrial policy.
Page 46 - Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC). Bank of China (BoC).
Page 149 - Japan," in T. Ito and A. Krueger (eds.) Financial Deregulation and Integration in East Asia, University of Chicago Press. Krugman, P., 1998, "Its Back: Japan's Slump and the Return of the Liquidity Trap," Brookings Papers on Economic Activity, No.
Page 140 - Of Finance and Development: Neglected and Unsettled Questions", World Development, 20(1), 133-142.
Page 58 - ... ranks amongst the 100 largest banks in Europe and this is a consolidated financial group. 6. Direct government subsidies to loss making SOEs were relatively stable throughout the 1980s and 1990s, ranging between RMB33 billion and RMB60 billion per year (Perkins, 1999). 7. Loans overdue were defined as loans not repaid when due or not repaid after the due date has been extended.
Page 50 - ... persons have made investment or assumed senior managerial positions. Article 41 No organization or individual may force a commercial bank to extend a loan or provide guarantee for a loan. A commercial bank shall have the right to refuse any organization's or individual's demand for a loan or guarantee. A commercial bank owned solely by the state should provide loans for special projects approved by the State Council.
Page xiii - This book is based on a thesis submitted and accepted for the degree of Doctor of Philosophy at the University of Queensland, Australia.

About the author (2003)

James Laurenceson is a Lecturer in Economics and Joseph C.H. Chai is Associate Professor of Economics at the University of Queensland, Australia

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