Financial Reform in China: The Way from Extraction to Inclusion Contributor(s): Zhao, Changwen (Author), Zhu, Hongming (Author) |
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ISBN: 1138736031 ISBN-13: 9781138736030 Publisher: Routledge OUR PRICE: $171.00 Product Type: Hardcover - Other Formats Published: October 2017 |
Additional Information |
BISAC Categories: - Business & Economics | Finance - General - Business & Economics | Economics - General |
Dewey: 332.095 |
LCCN: 2017008251 |
Physical Information: 0.6" H x 6.1" W x 9.3" (1.00 lbs) 184 pages |
Descriptions, Reviews, Etc. |
Publisher Description: 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. |