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China's financial systemgrowth and i...

Duenas, Felipe Escobar.

China's financial systemgrowth and inefficiency /

Record Type:	Electronic resources : Monograph/item
Title/Author:	China's financial systemby Dominique De Rambures, Felipe Escobar Duenas.
Reminder of title:	growth and inefficiency /
Author:	Rambures, Dominique de.
other author:	Duenas, Felipe Escobar.
Published:	Cham :Springer International Publishing :2017.
Description:	xiii, 195 p. :ill., digital ;24 cm.
Contained By:	Springer eBooks
Subject:	Financial institutionsChina.
Online resource:	http://dx.doi.org/10.1007/978-3-319-40451-6
ISBN:	9783319404516$q(electronic bk.)

China's financial systemgrowth and inefficiency /
Rambures, Dominique de.

China's financial systemgrowth and inefficiency /[electronic resource] :by Dominique De Rambures, Felipe Escobar Duenas. - Cham :Springer International Publishing :2017. - xiii, 195 p. :ill., digital ;24 cm.

Introduction -- Chapter 1) China's decision making system -- 2) A non-independent central bank -- Chapter 3) Chinese banks between profit and control -- Chapter 4) Marginalized foreign banks -- Chapter 5) Lending black market -- Chapter 6) Booming Internet banking -- Chapter 7) Financial market - I: state controlled institutions -- Chapter 8) Financial market - II: fast growing, but unsophisticated markets -- Chapter 9) An unconvertible international currency -- Conclusion.

This book examines the volatile landscape of the Chinese economy and the barriers to its continuing development. The author argues that underlying inefficiencies in China's financial system currently prevent the further growth of its institutions and inhibit reform of monetary and fiscal policy. Rambures shows that, despite efforts to avoid a "middle income trap", such long-overdue structural reforms are still faced with strong resistance from both economic and political circles. Chapters discuss approaches in tackling the Chinese national debt, the recent stock exchange collapse and subsequent currency devaluation, declining trade surplus, the wariness of foreign investors and its negative impact on foreign exchange reserves, and the heavy burden of state-owned "zombie companies". The discussion positions current economic events within the context of China's transition from a foreign trade and investment-led economy to one that is propelled by domestic consumption, service industries and innovation. Crucially, Rambures also addresses financial trends with reference to pervasive long-term influencing factors such as an ageing population, increasing inequality, corruption, pollution and migration.

ISBN: 9783319404516$q(electronic bk.)

Standard No.: 10.1007/978-3-319-40451-6doiSubjects--Topical Terms:

394159
Financial institutions
--China.

LC Class. No.: HG3334 / .R36 2017

Dewey Class. No.: 332.0951

China's financial systemgrowth and inefficiency /
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245 1 0 $a China's financial system $h [electronic resource] : $b growth and inefficiency / $c by Dominique De Rambures, Felipe Escobar Duenas.
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505 0 $a Introduction -- Chapter 1) China's decision making system -- 2) A non-independent central bank -- Chapter 3) Chinese banks between profit and control -- Chapter 4) Marginalized foreign banks -- Chapter 5) Lending black market -- Chapter 6) Booming Internet banking -- Chapter 7) Financial market - I: state controlled institutions -- Chapter 8) Financial market - II: fast growing, but unsophisticated markets -- Chapter 9) An unconvertible international currency -- Conclusion.
520 $a This book examines the volatile landscape of the Chinese economy and the barriers to its continuing development. The author argues that underlying inefficiencies in China's financial system currently prevent the further growth of its institutions and inhibit reform of monetary and fiscal policy. Rambures shows that, despite efforts to avoid a "middle income trap", such long-overdue structural reforms are still faced with strong resistance from both economic and political circles. Chapters discuss approaches in tackling the Chinese national debt, the recent stock exchange collapse and subsequent currency devaluation, declining trade surplus, the wariness of foreign investors and its negative impact on foreign exchange reserves, and the heavy burden of state-owned "zombie companies". The discussion positions current economic events within the context of China's transition from a foreign trade and investment-led economy to one that is propelled by domestic consumption, service industries and innovation. Crucially, Rambures also addresses financial trends with reference to pervasive long-term influencing factors such as an ageing population, increasing inequality, corruption, pollution and migration.
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