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Books > Business & Economics > Economics > Microeconomics
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Financial Reform in China - The Way from Extraction to Inclusion (Paperback)
Loot Price: R1,265
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Financial Reform in China - The Way from Extraction to Inclusion (Paperback)
Series: Routledge Studies in the Modern World Economy
Expected to ship within 12 - 17 working days
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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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