Growth Without Crisis: China's Modern Financial System
China's Modern Financial System| By: | China's Financial Policy Research Center |
| Publisher: | Independent Publishers Group (Chicago Review Press) |
| Print ISBN: | 9789814298322 |
| eText ISBN: | 9789814298339 |
| Edition: | 0 |
| Copyright: | 2012 |
| Format: | Page Fidelity |
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An in-depth analysis of China’s 30-year economic “crisis-free growth,” this record explores the fiscal and financial reasons for the nation’s success. Focusing on the relationship between economic growth, fiscal decentralization, local government behavior, and taxation, this informative account also examines the theory of the formation of Renmibi equilibrium exchange rate and identifies the political-economic mechanism of exchange rate reform as one of the main reasons for China’s economic progress.