Articles liés à Financial Reform in China: The Way from Extraction...

Financial Reform in China: The Way from Extraction to Inclusion - Couverture rigide

Livre 146 sur 190: Routledge Studies in the Modern World Economy

Zhao, Changwen; Zhu, Hongming

 
9781138736030: Financial Reform in China: The Way from Extraction to Inclusion

Synopsis

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.

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À propos de l'auteur

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.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.