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Banking and Financial Sector Reforms in China: Experience and Prospects for the Future

In: Resurgent China

Author

Listed:
  • Ding Lu

    (University of the Fraser Valley)

Abstract

Since the launch of market-oriented reforms in 1979, in a range of a quarter of a century, China has successfully completed two transitions: One is the transition from a low-income under-developed economy featured by poverty and isolation to a middle-income, newly industrialized, and booming economic giant that has changed world economic landscape. The other transition is institutional: the economic system has evolved from an inward-looking, centrally planned socialist command economy to a predominantly market-based one with considerable openness to trade and foreign investment.

Suggested Citation

  • Ding Lu, 2009. "Banking and Financial Sector Reforms in China: Experience and Prospects for the Future," Palgrave Macmillan Books, in: Nazrul Islam (ed.), Resurgent China, chapter 10, pages 258-288, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-23425-3_10
    DOI: 10.1057/9780230234253_10
    as

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