Abstract
This chapter examines financial system reform in China. It presents an overview of the changes in China’s financial sector since 1979, and discusses the main problems of the sector until 1992. The relevance of the Japanese financial system to Chinese reforms is then analysed. It is argued that China should adopt several institutional elements of the Japanese financial system. China should learn to adapt, rather than simply copy, the institutions found in other countries which are useful to its own specific situation.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: 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.