Within the past three decades China has undergone tremendous structural changes in its economy. The Editors discuss the recent and ongoing reforms in China s financial system and their role in the world economy. China s GDP has grown almost three times the world average; now only behind the United States, Japan and Germany. The focus of this book is to examine, in detail, China s changing financial system in order to assess whether it can catch up with, or even drive economic growth.After the inception of Chinaa#39;s domestic stock exchanges, the SHSE and SZSE, in 1990, they initially grew quickly. ... However, following a string of negative news worldwide (including the sub- prime loans crisis in the United States) andanbsp;...
|Title||:||China's Emerging Financial Markets|
|Author||:||James R. Barth, John A. Tatom, Glenn Yago|
|Publisher||:||Springer Science & Business Media - 2009-12-02|