This title is printed to order. This book may have been self-published. If so, we cannot guarantee the quality of the content. In the main most books will have gone through the editing process however some may not. We therefore suggest that you be aware of this before ordering this book. If in doubt check either the author or publisher’s details as we are unable to accept any returns unless they are faulty. Please contact us if you have any questions.
China’s Financial System: Growth and Risks provides an updated and comprehensive review of China’s financial system and compares it with financial systems in other countries. It reviews what has worked and what has not within the markets and intermediaries in China, and further considers the effects of the recent development of China’s financial system on the real economy. It also examines a non-standard financial sector, which operates beyond the markets and banking sectors and consists of alternative financing channels, governance mechanisms, and institutions. Finally, the authors provide prospects for future research on several unresolved issues including how China’s financial system can integrate into the world’s markets and economy without being interrupted by damaging financial crises.
China’s Financial System: Growth and Risks draws four main conclusions about China’s financial system and its future development. First, compared with other developed and emerging economies, China’s financial system has been dominated by a large banking system. Second, China’s financial markets have witnessed significant development, however, their current scale and importance are not comparable to those of the banking sector and they may not be effective in allocating resources in the economy. Third, the alternative financial sector has played an important role in satisfying the financing demand and maintaining the high growth rate in the real economy. Finally, a significant challenge for China’s financial system is to avoid damaging financial crises that can severely disrupt economic stability.
