Banking and Financial Sector Reforms in China: Experience and Prospects for the Future

Ding Lu

Chapter 10 in Resurgent China, 2009, pp 258-288 from Palgrave Macmillan

Abstract: Abstract Since the launch of market-oriented reforms in 1979, in a range of a quarter of a century, China has successfully completed two transitions: One is the transition from a low-income under-developed economy featured by poverty and isolation to a middle-income, newly industrialized, and booming economic giant that has changed world economic landscape. The other transition is institutional: the economic system has evolved from an inward-looking, centrally planned socialist command economy to a predominantly market-based one with considerable openness to trade and foreign investment.

Keywords: World Trade Organization; Commercial Bank; Banking Sector; Initial Public Offering; Foreign Bank (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23425-3_10

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DOI: 10.1057/9780230234253_10

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