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Financial Reform in China: The Way from Extraction to Inclusion
Contributor(s): Zhao, Changwen (Author), Zhu, Hongming (Author)
ISBN: 1138736031     ISBN-13: 9781138736030
Publisher: Routledge
OUR PRICE:   $171.00  
Product Type: Hardcover - Other Formats
Published: October 2017
Qty:
Temporarily out of stock - Will ship within 2 to 5 weeks
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.