Zhao / Zhu Financial Reform in China

The Way from Extraction to Inclusion
Erscheinungsjahr 2017
ISBN: 978-1-351-73618-3
Verlag: Taylor & Francis
Format: EPUB
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, 200 Seiten

Reihe: 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 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 could co-exist and develop in support of each other.

Autoren/Hrsg.

Zhao, Changwen

Zhu, Hongming

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftswissenschaften: Allgemeines

Inhaltsverzeichnis

1. From Extraction to Inclusion: A New Analytical Framework

2. The "Extractive" Financial System

3. The "Finance Curse"

4. The Formation of "Extractive" Financial Systems

5. Insufficient Competition, Implicit Guarantee and Financial Inefficiency

6. Financial Risks

7. Withdrawal of the Financial Restraint System: Reform of the financial system

8. Withdrawal of the Implicit Guarantee: Supportive reforms in other sectors

9. Internet Finance

Über Autor(innen)

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.