China’s financial system: two decades of gradual reforms
Abstract
Describes the efforts made since 1979 by China to reform its financial system to support its emerging market economy; and the associated problems. Cites research evidence that the reforms have been inadequate and analyses 1986‐2000 national statistics to calculate three macro‐indicators of financial crisis, three measures of government permeability and some other ratios for the Chinese financial system. Identifies many weaknesses, concludes that it remains vulnerable to crisis and points out the potential dangers inherent in plans to allow foreign banks to engage in local currency businesses within the next five years.
Keywords
Citation
Neveda DaCosta, M.M. and Ping Ngoh Foo, J. (2002), "China’s financial system: two decades of gradual reforms", Managerial Finance, Vol. 28 No. 10, pp. 3-18. https://doi.org/10.1108/03074350210768086
Publisher
:MCB UP Ltd
Copyright © 2002, MCB UP Limited