Financial Reform in China

The Way from Extraction to Inclusion

Business & Finance
Cover of the book Financial Reform in China by Changwen Zhao, Hongming Zhu, Taylor and Francis
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Author: Changwen Zhao, Hongming Zhu ISBN: 9781351736183
Publisher: Taylor and Francis Publication: July 6, 2017
Imprint: Routledge Language: English
Author: Changwen Zhao, Hongming Zhu
ISBN: 9781351736183
Publisher: Taylor and Francis
Publication: July 6, 2017
Imprint: Routledge
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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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