Zhao, C: Financial Reform in China
Language: English
Published by Taylor & Francis, 2019
Series: Book 146 of 190 - Routledge Studies in the Modern World Economy
- Softcover
- New
Condition: New
£ 45.31
Quantity: Over 20 available
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- Title
- Zhao, C: Financial Reform in China
- Author
- Changwen Zhao (Development Research Center of the State Council (DRC), China)|Hongming Zhu (Development Research Center of the State Council (DRC), China)
- Publisher
- Taylor & Francis
- Publication year
- 2019
- Condition
- New
- Binding
- Soft cover
- Language
- English
- ISBN 10
- 0367374870
- ISBN 13
- 9780367374877
- Series
- Book 146 of 190: Routledge Studies in the Modern World Economy
This book focuses on the importance for China to correct the present imbalance in the relationship between the financial sector and the real economy.
The book looks at China’s current financial system in terms of "extractive" and "inclusive". It asserts that the financial sector is producing huge "siphonic effects" that distort the overall development of the Chinese economy. Like a giant magnet, the financial sector attracts too many innovation factors, such as talents, capital and entrepreneurship away from the real economy and inhibits the development of the latter. Hence, the book argues that China’s financial system must now be thoroughly reformed to become an inclusive financial system, where finance and the rest of the economy can co-exist and develop in support of each other.
"Synopsis" may belong to another edition of this title.
About the Author
Changwen Zhao is Research Fellow and Director-General of the Research Department of Industrial Economy of the Development Research Center of the State Council (DRC), China.
Hongming Zhu is Associate Research Fellow in the Financial Research Institute, Development Research Center of the State Council (DRC), China.
"About the title" may belong to another edition of this title.
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