Business & Economics Books:

Financial Reform in China

The Way from Extraction to Inclusion
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Description

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.

Author Biography:

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.
Release date NZ
September 26th, 2019
Audience
  • Tertiary Education (US: College)
Illustrations
19 Tables, black and white; 46 Line drawings, black and white; 46 Illustrations, black and white
Pages
184
ISBN-13
9780367374877
Product ID
30917372

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