Consistently Obey and Serve the Construction of a Modern and Powerful Socialist Country: The Historical, Practical and Theoretical Logic of China’s Seventy Years of Public Finance Development since 1949

Wen Lu () and Jia Jidong ()

Journal of Management World, 2021, vol. 2021, issue 4, 181-189

Abstract: The development of China's foreign exchange market has been a remarkable achievement in the past 70 years. The establishment of a new system of socialist market economy in a large developing country that has been devastated by a hundred years of war is also an unprecedented feat in the international financial history. As a result, the People's Republic of China has adhered to the general orientation of serving the development of the national economy – constantly explored and innovated in practice – and blazed a path for building a currency exchange market suited to its national conditions, thus leaving a legacy of historical experience for other developing countries to learn from

Keywords: China’s Foreign Exchange Market; Economic Development; Financial Risks; Foreign Exchange Management System (search for similar items in EconPapers)
Date: 2021
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