Financial Reform in China

The book looks at China’s current financial system in terms of "extractive" and "inclusive". It focuses on the importance for China to correct the present imbalance in the relationship between the financial sector and the real 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 Chinas 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 Chinas 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.

Get Financial Reform in China by at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Taylor & Francis Ltd and it has pages.