Abstract
This book has examined the advantages and disadvantages, especially the costs, of decentralising the banking system in a reforming centrally planned economy.
A ‘planned economy’ is not only a feature of socialism. Capitalism also has plans. A ‘market economy’ is not only a feature of capitalism. Socialism also has markets. Both planning and markets are economic mechanisms.... The objective of systemic reform is to establish a socialist market economy in order to liberalise and develop productive forces (translated from report by Jiang Zeming in the People’s Daily, 20 October 1992).
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© 1996 Haiqun Yang
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Yang, H. (1996). Conclusions and Suggestions . In: Banking and Financial Control in Reforming Planned Economies. Studies on the Chinese Economy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-24470-6_8
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DOI: https://doi.org/10.1007/978-1-349-24470-6_8
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-24472-0
Online ISBN: 978-1-349-24470-6
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