Economic structural reform and China's financial security —Issues, logic and countermeasures

Yulu Chen and Fang Wang ()
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Yulu Chen: School of Finance, Renmin University of China, Beijing 100872, China
Fang Wang: School of Finance, Renmin University of China, Beijing 100872, China

Frontiers of Economics in China-Selected Publications from Chinese Universities, 2007, vol. 2, issue 2, 151-168

Abstract: The authors believe that the financial operation based on the issuance of paper money in excess of economic capacity resulting from dependence on the state investment is the central manifestation of factors of China's financial insecurity. The financial support for the economic reform, the financial reform and the impact of globalization constitute the major logic of its formation. The fundamentals to safeguard financial security lie in the persistence of the state's comprehensive development strategy, so as to maintain long-term accumulation of the state's net wealth and the stability of faith in markets.

Keywords: financial security; economic reform; financial reform; economic globalization (search for similar items in EconPapers)
JEL-codes: E44 E6 (search for similar items in EconPapers)
Date: 2007
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