Financial Reform and Economic Development in ChinaChina'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 contains a wealth of information for anyone concerned with China's economic future, and should be required reading for those in the corporate business sector, academics and government analysts. |
From inside the book
Results 1-3 of 13
... borrowing ( IMF , AREAER 1998 , p . 115 ) . Plan borrowing includes ( 1 ) borrowing by the government sector from foreign governments and international financial institutions ; ( 2 ) external borrowing by Chinese financial institutions ; ( ...
... borrowing B is calcu- lated using equation ( 7.3 ) ( Table 7.10 , column 8 ) . China's actual borrowing as a ... foreign capital has been able to enter China , and at least partly explains why China has not been a large net capital importer .
... foreign capital , if actual foreign debt increased at a slower / faster rate than the capacity to repay debt , then this would be indicative of under - borrowing / over - borrowing . The theoretical conditions for sustainable borrowing ...
Contents
Domestic financial liberalization and financial depth in China | 8 |
The performance of Chinas stateowned industrial enterprises | 32 |
The performance of Chinas stateowned banks | 46 |
Copyright | |
7 other sections not shown
Other editions - View all
Financial Reform and Economic Development in China James Laurenceson,Joseph C.H. Chai Limited preview - 2003 |