Download or read book Major Issues and Policies in China s Financial Reform written by Yulu Chen and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Pants with close crotch," "polyandry," and "a tiger in a cage" -- these enigmatic terms are frequently used by Chinese economists and policy-makers to figuratively describe certain significant financial events in the history of New China. Major Issues and Policies in China's Financial Reform is a 4-volume guide to these kinds of events.With the economic transformation of late 1980s as a turning point, this series provides an in-depth examination of 28 key financial policies and issues in China over a 60-year timespan. The series combines vivid stories and theoretical analysis to explain the historical background of these financial reforms, including such concepts as replacing the fiscal appropriation of investment funds by bank loans, the replacement of profit delivery by taxes, and debt for equity swaps. The series also offers evaluations of the subsequent impacts of these policies on China's economic development. Major Issues and Policies in China's Financial Reform uses a review of history to provide a basis for policy recommendations, innovations, and future fiscal and financial reforms In China.

Download or read book Major Issues and Policies in China s Financial Reform written by Yulu Chen and published by . This book was released on 2016-02-29 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Pants with close crotch," "polyandry," and "a tiger in a cage" - these enigmatic terms are frequently used by Chinese economists and policy-makers to figuratively describe certain significant financial events in the history of New China. Major Issues and Policies in China's Financial Reform is a 4-volume guide to these kinds of events.With the economic transformation of late 1980s as a turning point, this series provides an in-depth examination of 28 key financial policies and issues in China over a 60-year timespan. The series combines vivid stories and theoretical analysis to explain the historical background of these financial reforms, including such concepts as replacing the fiscal appropriation of investment funds by bank loans, the replacement of profit delivery by taxes, and debt for equity swaps. The series also offers evaluations of the subsequent impacts of these policies on China's economic development. Major Issues and Policies in China's Financial Reform uses a review of history to provide a basis for policy recommendations, innovations, and future fiscal and financial reforms In China.

Download or read book Major Issues and Policies in China s Financial Reform written by Enrich Professional Publishing and published by . This book was released on 2016-11-30 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Pants with close crotch," "polyandry," and "a tiger in a cage" -- these enigmatic terms are frequently used by Chinese economists and policy-makers to figuratively describe certain significant financial events in the history of New China. Major Issues and Policies in China's Financial Reform is a 4-volume guide to these kinds of events. With the economic transformation of late 1980s as a turning point, this series provides an in-depth examination of 28 key financial policies and issues in China over a 60-year timespan. The series combines vivid stories and theoretical analysis to explain the historical background of these financial reforms, including such concepts as replacing the fiscal appropriation of investment funds by bank loans, the replacement of profit delivery by taxes, and debt for equity swaps. The series also offers evaluations of the subsequent impacts of these policies on China's economic development. Major Issues and Policies in China's Financial Reform uses a review of history to provide a basis for policy recommendations, innovations, and future fiscal and financial reforms In China.

Download or read book Financial Market Reform In China written by Baizhu Chen and published by Routledge. This book was released on 2019-09-17 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: As editors, first of all, we would like to thank the authors of this volume for their conscientious work that makes this volume possible. Many ideas in this book were first explored at an international symposium on financial market reforms in China, which was organized by the Chinese Economists Society. We would like to express our thanks to the sponsors of the conference: Center for International Business Education and Research, China Reform Foundation, MetLife, Hausman & Shrenger LLP, Lincoln National Insurance Company, City National Bank, Marshall School of Business, University of Southern California and The Chinese Economists Society. The Lincoln Foundation also provided generous support to this project through a grant made to Claremont Graduate University where this book was finalized.

Download or read book The Political Economy Of China s Financial Reforms written by Paul Bowles and published by Routledge. This book was released on 2019-07-11 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: THIS PATHBREAKING Work analyzes the evolution of China's financial reforms since 1979. China's reformers have stressed the construction of a more diverse, flexible, and competitive financial system as a crucial element of China's economic reform program. The authors assess the theory and practice of financial reform in light of China's specific characteristics as a large, developing country that still claims to be pursuing the goal of establishing a new form of "socialist" market economy. The authors utilize two approaches. First, they place the overall design and trajectory of. financial reform since 1979 within a broad comparative framework of alternative strategies of financial reform and financial systems. Second, they use a political economy perspective to explore the complex interactions among the political and economic actors— individual, group, or institutional—that affect reform outcomes. Integrating these two approaches, the authors conclude by assessing future directions for feasible and desirable financial reform in China.

Download or read book Financial Reform and Economic Development in China written by James Laurenceson and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book To Get Rich Is Glorious written by Jacques deLisle and published by Brookings Institution Press. This book was released on 2019-09-24 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: " In 1978, China launched economic reforms that have resulted in one of history’s most dramatic national transformations. The reforms removed bureaucratic obstacles to economic growth and tapped China’s immense reserves of labor and entrepreneurial talent to unleash unparalleled economic growth in the country. In the four decades since, China has become the world’s second-largest economy after the United States, and a leading force in international trade and investment. As the contributors to this volume show, China also faces daunting challenges in sustaining growth, continuing its economic ransformation, addressing the adverse consequences of economic success, and dealing with mounting suspicion from the United States and other trade and investment partners. China also confronts risks stemming from the project to expand its influence across the globe through infrastructure investments and other projects under the Belt and Road Initiative. At the same time, China’s current leader, Xi Jinping, appears determined to make his own lasting mark on the country and on China’s use of its economic clout to shape the world around it. "

Download or read book China s Economy Into the New Century written by John Wong and published by World Scientific. This book was released on 2002 with total page 478 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last two decades of the 20th century, China stood out as the world''s star performer in economic growth, thanks to the market-oriented reform that started in 1978. At the turn of the century, the Chinese economy faces a series of challenges to sustain its growth and stability. The two-decade-long rapid growth has effectively strengthened China''s economic power and raised its people''s standard of living. It has also transformed China from a centrally planned command economy into a OC socialist market economyOCO, which operates increasingly in line with capitalist norms. Major structural problems, however, remain and are growing acute. Weakness in the fiscal system breeds rent seeking at the local level and causes tension in the state budget. The flawed financial institutions and the biased ownership structure continue to distort resource allocation and cause huge efficiency losses. Inter-provincial and inter-regional disparity is reaching a level that threatens national unity and social stability. As China joins the World Trade Organization and becomes more integrated into the world economy, it urgently needs to improve the domestic business environment and to beef up indigenous industries for foreign competition.This volume is a collection of papers written by scholars at the East Asian Institute to address those problems during the period 1999OCo2001. The authors, with their knowledge and experience in China studies, provide in-depth observations and professional analyses of some of the most important issues for the Chinese economy at the turn of the century. Some of the observations and analyses lead to enlightening policy recommendations. The solid scholarship combined with the policy orientation of these papers will appeal greatly to researchers in academia, governments and other institutions. The policy-oriented and fact-based analyses will also be of interest to practitioners in business, including business consultants."

Download or read book China s Reforms At 30 Challenges And Prospects written by Dali L Yang and published by World Scientific. This book was released on 2009-01-05 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book consists of papers presented at the International Conference on “China: The Next Decade”, organized by the East Asian Institute at the National University of Singapore in 2007 to commemorate the Institute's 10th anniversary. With eight papers covering China's economic, social and political development, this volume offers a balanced yet in-depth assessment of the challenges facing China in the next decade.Featuring contributions from internationally renowned scholars, this timely volume analyzes key aspects of China's reforms and development, such as the financial reform, international trade, leadership succession, social protests, health care reform and ethnic relationships. It is suitable for China scholars as well as advanced undergraduate and graduate students interested in China's polity, economy and society.

Download or read book China s Financial Sector Reform in the Transition to a Market Economy written by Feng Wei and published by LIT Verlag Münster. This book was released on 2000 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: " The book is a problem-oriented study of China's financial sector in the transitional process since 1979. It provides deep and precise insights into the characteristics and problems of China's financial sector with respect to investment finance, the central banking and commercial banking systems, the financial market, and the legal and institutional framework of bank supervision in China. More importantly, the book has also proposed workable strategies for resolving two acute problems: interest rate liberalization and solving the issue of non-performing loans in China's banking system. The recent financial crisis in Asia is also a subject of the book, especially as regards its effects on the banking sector, stock markets, and extemal financial market liberalization in China. Furthermore, a projection is made about the trends in Chinese economic policies, particularly the interest rate policy, the exchange rate policy, and the fiscal policy, and about the perspectives of China's financial sector reform. This book is a valuable reference for academic researchers, investors, business managers, and policy-makers who are concemed with China's banking and financial system. "

Download or read book China s Financial Markets written by Ming Wang and published by Routledge. This book was released on 2014-05-16 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides an overview of China’s financial markets and their latest developments. The book explores and discusses the difficulties in building modern financial markets that are compatible with an increasingly complicated market economy and examines the various strategies to reform China’s financial system. It covers a range of topics: China’s financial structure, financial regulation, financial repression and liberalization, monetary policy and the People's Bank of China, banking reforms, exchange rate policy, capital control and capital-account liberalization, and development of the stock markets. The book provides a basic understanding of the current issues related to the development of China’s financial markets. It enhances knowledge of China’s regulatory framework which has helped to shape China’s financial landscape. It provides specific, useful knowledge about investment in China, such as, market sense, to identify the investment opportunities in various asset classes.

Download or read book The Heart of Economic Reform written by Donald Daochi Tong and published by Routledge. This book was released on 2017-11-22 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2002.Banking reform lies at the heart of economic reform in China and is central to sustaining the countries high economic growth. This timely book covers an important economic policy issue in China, namely the existing and potential roles of the financial sector in the development of the Chinese economy. It explores for the first time the relationship between the reforms of the financial sector, of state-owned enterprises (SOEs) and of the social welfare system. Donald D. Tong presents a wealth of valuable data accompanied by original insights and interpretations. The author also examines the original estimates of the cost of the social welfare burden given that social services such as old age pension, housing, healthcare and education are provided by the SOEs rather than by the private or public sector directly.

Download or read book China s Emerging Financial Markets written by James R. Barth and published by Springer Science & Business Media. This book was released on 2009-12-02 with total page 661 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s emerging financial markets reflect the usual contrast between the country’s measured approach toward policy, regulatory, and market reform, and the dynamic pace of rapid economic growth and development. But they also offer unusual challenges and opportunities. In the past five years, the pace of opening and reform has accelerated sharply. Recapitalization and partial privatization of the largest banks, and the allowance of some joint venture and branch operations for foreign financial institutions, are making rapid headway in developing and expanding financial services and improving access to domestic business and households. This book provides the most extensive look available at the evolving Chinese financial system. It begins with alternative perspectives on the evolution of the financial system and the broad outlines of its prospects and potential contribution to economic growth. Three articles review broad aspects of the financial system. Franklin Allen, Jun ‘‘QJ’’ Qian, Meijun Qian, and Mengxin Zhao lead off with overviews of the banking system and performance of the equity market and other institutions.

Download or read book China s Economic Conditions written by Wayne M. Morrison and published by DIANE Publishing. This book was released on 2010-10 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the initiation of economic reforms and trade liberalization 30 years ago, China has been one of the world¿s fastest-growing economies and has emerged as a major economic and trade power. China¿s economy and economic policies are of major concern to many U.S. policymakers. Contents of this report: Most Recent Developments; An Overview of China¿s Economic Development; Measuring the Size of China¿s Economy; Foreign Direct Investment in China; China¿s Trade Patterns; China¿s Growing Overseas Direct Investment; Major Long-Term Challenges Facing the Chinese Economy; Fallout From the Current Global Financial Crisis. Charts and tables.

Download or read book Red Capitalism written by Carl E. Walter and published by John Wiley & Sons. This book was released on 2011-01-19 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Red Capitalism, Carl Walter and Fraser Howie detail how the Chinese government reformed and modeled its financial system in the 30 years since it began its policy of engagement with the west. Instead of a stable series of policies producing steady growth, China's financial sector has boomed and gone bust with regularity in each decade. The latest decade is little different. Chinese banks have become objects of political struggle while they totter under balance sheets bloated by the excessive state-directed lending and bond issuance of 2009. Looking forward, the government's response to the global financial crisis has created a banking system the stability of which can be maintained only behind the walls of a non-convertible currency, a myriad of off-balance sheet arrangements with non-public state entities and the strong support of its best borrowers--the politically potent National Champions--who are the greatest beneficiaries of the financial status quo. China's financial system is not a model for the west and, indeed, is not a sustainable arrangement for China itself as it seeks increasingly to assert its influence internationally. This is not a story of impending collapse, but of frustrated reforms that suggests that any full opening and meaningful reform of the financial sector is not, indeed cannot be, on the government's agenda anytime soon.

Download or read book China s Economic Rise written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-09-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.

Download or read book Chinese Economists on Economic Reform Collected Works of Li Jiange written by Jiange Li and published by Taylor & Francis. This book was released on 2016-10-04 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is part of a series which makes available to English-speaking audiences the work of the individual Chinese economists who were the architects of China’s economic reform. The series provides an inside view of China’s economic reform, revealing the thinking of the reformers themselves, unlike many other books on China’s economic reform which are written by outside observers. Li Jiange (1949-) is one of the most notable and powerful economists holding office in China at present. He is currently the Vice-Chairman of the Central Huijin Investment Company, one of the most influential financial institutions in China. He is also a member of the National Committee of the Chinese People’s Political Consultative Conference, and a Professor at the Chinese Academy of Social Sciences and other academic institutions. He has held many important positions in the state Research Office and the Department of Policies, Laws, and Regulations, and has been Director of the China Securities Regulatory Commission. His work has included major contributions to debates about maintaining financial stability, about achieving equitable income distribution, and about China’s overall economic development. The book is published in association with China Development Research Foundation, one of the leading economic and social think tanks in China, where many of the theoretical foundations and policy details of economic reform were formulated.