Abstract
The Chinese financial system is undergoing a transformation. Although 5-year plans continue to be published, they are increasingly being overtaken by events. While planning for the real economy is tending to take the back seat, centrally controlled credit allocation still plays a major role, at least officially.
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© 2007 Springer-Verlag Berlin Heidelberg
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(2007). The monetary policy transmission mechanism in China. In: Challenges at the Bank for International Settlements. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-72790-3_14
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DOI: https://doi.org/10.1007/978-3-540-72790-3_14
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-72789-7
Online ISBN: 978-3-540-72790-3
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