Abstract
ABSTRACT Despite more than three decades of economic reform, China’s financial repression still remains. Implicit state guarantees continue to be widespread while government interventions are pervasive in almost all economic activities, from determination of bank lending and deposit rates to selective allocation of credit and initial public offering quotas, as well as having majority control of large financial institutions. These financial distortions come with costs which have become heavier over time, particularly after 2008. This paper attempts to provide an integrated perspective in examining how financial repression in China has led to economic imbalances that elevate financial risk, particularly in the midst of ongoing US-China trade tussle and the Covid-19 pandemic.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
