Abstract
For China to continue to achieve high economic growth rates into the 21st century, it will be necessary to improve the efficiency of banks and financial institutions, so that scarce capital can be allocated to high productivity uses. Moreover, China must continue to attract foreign loan and business capital. This chapter gives some insights concerning the prospects in these areas over the near future.
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Notes
Gang Yi, Money, Banking and Financial Markets in China, Westview Press, Boulder, 1993, Chapter 1.
International Monetary Fund, Economic Reform in China: A New Phase, Washington, DC, November 1994, pp. 13–14.
Tony Walker, ‘China’s Leaders Struggle to Keep Rampant Inflation Under Control,’ Financial Times, September 5, 1994, p. 4.
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Tony Walker, ‘China May Permit More Banks,’ Financial Times, January 30, 1995, p. 17.
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Lincoln Kaye, ‘Labour Pains,’ Far East Economic Review, June 16, 1994, pp. 32–3.
Foo Choy Peng, ‘Central Bank a Long Way Off,’ South China Morning Post, April 15, 1995, p. B5.
Dede Nickerson and Foo Choy Peng, ‘Outcry Over Downgrading as Banks Defend Record,’ South China Morning Post, April 22, 1995, p. B2.
Christine Chan and Renee Lai, ‘CITIC May Face Rating Change,’ South China Morning Post, April 22, 1995, p. B2.
Duncan Hughes, Sean Kennedy, and Foo Choy Peng, ‘Top China Banks Hit by Credit Rate Drop,’ South China Morning Post, April 22, 1995, p. 11.
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© 1997 Francis A. Lees
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Lees, F.A. (1997). Banking, Money, and Credit. In: China Superpower. Palgrave Macmillan, London. https://doi.org/10.1057/9780230371699_7
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DOI: https://doi.org/10.1057/9780230371699_7
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-39472-2
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