Mapping the Relationship Between Financial Developments and Economic Growth in China

Bhabani Shankar Nayak () and Zhong Yingnan
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Bhabani Shankar Nayak: University for the Creative Arts
Zhong Yingnan: University of Glasgow

Chapter Chapter 5 in China: The Bankable State, 2021, pp 73-86 from Springer

Abstract: Abstract There are many burgeoning literatures dominate the debates on relationship between financial developments and economic growth in China. It has always been a contagious one. The Chinese state is making coordinated effort for the development of the financial sector for economic growth to address issues of local development. Since the reforms of 1978, the Chinese economy has witnessed rapid growth. This chapter explores the relationship between financial development and economic growth in China. It argues that there is a bidirectional causality between financial development and economic growth in China.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-5252-3_5

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DOI: 10.1007/978-981-16-5252-3_5

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