IDEAS home Printed from https://ideas.repec.org/h/spr/stechp/978-4-431-55351-9_13.html
   My bibliography  Save this book chapter

China and the International Monetary Fund 1945–1985

In: History of the IMF

Author

Listed:
  • Catherine R. Schenk

    (University of Glasgow)

Abstract

The history of China’s engagement with the IMF was complicated by China’s broader political and economic relations with the capitalist world during the first three decades of the IMF’s operations. Chinese officials, government ministers and bankers were prominent at the Bretton Woods conference in 1944, enjoying the support of the Allied powers while the Japanese war still raged. During the early years of the Fund’s operations, the civil war in China preoccupied the KMT regime. After the victory of the Chinese Communist Party China’s territorial boundaries were not resolved with both the KMT and the PRC claiming to be the legitimate government of ‘China’. In the early 1970s, Mao reached out to the US President Nixon to begin to re-engage with the global system, a process that culminated in Deng Xiao-ping’s Open Door Policy in December 1978. After 30 years of gradual opening to international trade and investment, China joined the IMF in April 1980, unseating the Republic of China (ROC). Although Chinese experts influenced the design of the Bretton Woods institutions, the PRC was thus a late-comer to the IMF, joining when many key structures were already in place and left with the legacy of China (Taiwan)’s policy choices over 25 years.

Suggested Citation

  • Catherine R. Schenk, 2015. "China and the International Monetary Fund 1945–1985," Studies in Economic History, in: Kazuhiko Yago & Yoshio Asai & Masanao Itoh (ed.), History of the IMF, edition 127, chapter 0, pages 275-309, Springer.
    • Handle: RePEc:spr:stechp:978-4-431-55351-9_13
    DOI: 10.1007/978-4-431-55351-9_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:stechp:978-4-431-55351-9_13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.