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Books > Business & Economics > Finance & accounting > Finance > Banking
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The Evolution of China's Banking System, 1993-2017 (Paperback)
Loot Price: R1,404
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The Evolution of China's Banking System, 1993-2017 (Paperback)
Series: Routledge Studies on the Chinese Economy
Expected to ship within 10 - 15 working days
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This book traces the development of China's banking system through
the first 25 years of China's socialist market economy up to the
present. It examines how China's leaders have chosen their own path
for reforming and regulating the banking sector and shows how this
approach has differed significantly from the neoliberal approach
promoted by the West. The book demonstrates the effectiveness of
the Chinese approach, contrasting China's relative success in
weathering the Asian financial crisis with the huge disruption
experienced by other East and Southeast Asian nations which had
followed the neoliberal model much more closely. The book explains
how China's officials were able to resist the persistent efforts of
foreign financial institutions to gain control of China's financial
sector, particularly around the time of China's entry to the World
Trade Organization. It argues that China's increasing influence in
international financial institutions after the global financial
crisis can help mitigate the risk of future financial crises and
promote global financial stability.
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