Introduction

Dominique Rambures and Felipe Escobar Duenas
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Dominique Rambures: Paris I University Panthéon Sorbonne
Felipe Escobar Duenas: Paris I University Panthéon Sorbonne

Chapter 1 in China’s Financial System, 2017, pp 1-4 from Springer

Abstract: Abstract Before addressing the strengths and weaknesses of its financial system, it is worth remembering that China experienced one of the fastest growth rates over a long period (an average of 10% a year over 30 years, 1978–2008). It was much higher than England during the Industrial Revolution (less than 1% a year over a century) [1]. Based on its economic and social achievements, the Chinese economy is by far the most effective. In 2015, China was outperformed only by India (7.5% as opposed to 6.9%), although India started far behind and from a much lower level. However, the Chinese growth model that triggered such a remarkable economic performance, thanks to a combination of market and State stimuli, might well be the cause of the steadily declining growth rate and the deteriorating growth model.

Keywords: Investment Rate; Chinese Economy; Cash Market; Chinese Leader; Foreign Exchange Reserve (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/978-3-319-40451-6_1

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