Conclusion

He Wei Ping

Chapter 8 in Banking Regulation in China, 2014, pp 149-156 from Palgrave Macmillan

Abstract: Abstract Over the past three decades, China has grown from being a rather underdeveloped agricultural country riven by civil war and internal political conflicts, into a nation with the second largest economy in the world. This achievement has occurred in the center of, and must be considered partly attributable to, the adoption by the Chinese central government of the ideology of a socialist market economy in the last three decades. It is important to realize that this is not a Chinese code for the gradual adoption of capitalism. Control of the economy by the central government remains central to the idea of China’s socialist market economy. All governments attempt to control economic outcomes in order to maintain political status.1 In China, however, the government’s control is dominant, and banking regulation is a manifestation of its aims of social and economic stability and advancement.

Keywords: Banking Sector; Foreign Bank; Banking Regulation; Socialist Market Economy; Chinese Public (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36755-6_8

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DOI: 10.1057/9781137367556_8

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