China's capital and financial sector development and its impact on economic growth (1989 - 2004):
Gespeichert in:
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| Format: | Abschlussarbeit Buch |
| Sprache: | English |
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2007
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| Beschreibung: | Zsfassung in dt. Sprache. |
| Beschreibung: | 12, 153 S. graph. Darst. |
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| 245 | 1 | 0 | |a China's capital and financial sector development and its impact on economic growth (1989 - 2004) |c vorgelegt von Haining Zhang |
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| 300 | |a 12, 153 S. |b graph. Darst. | ||
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| 500 | |a Zsfassung in dt. Sprache. | ||
| 502 | |a Frankfurt am Main, Univ., Diss., 2007 | ||
| 648 | 7 | |a Geschichte 1989-2004 |2 gnd |9 rswk-swf | |
| 650 | 7 | |a China |2 stw | |
| 650 | 7 | |a Entwicklung |2 stw | |
| 650 | 7 | |a Finanzmarkt |2 stw | |
| 650 | 7 | |a Finanzsektor |2 stw | |
| 650 | 7 | |a Systemtransformation |2 stw | |
| 650 | 7 | |a Wirtschaftswachstum |2 stw | |
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Datensatz im Suchindex
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| adam_text | 0.1. Contents
0.1. Contents 3
0.2. List of Figures 5
0.3. List of Tables 6
0.4. Abbreviation 6
0.5. ZliSAMMENFASSUNG 7
1. THEORETICAL OVERVIEW OF FINANCIAL SECTOR DEVELOPMENT
AND ECONOMIC GROWTH 1
1.1. flnancialsector development and economic growth 1
1.2. Determinants of economic growth 3
1.3. Economic transition and financial sector development 5
1.4. paper structure and data reliability 8
2. THE IMPACT OF THE CAPITAL AND FINANCIAL SECTOR
DEVELOPMENT 11
2.1. Characteristics of the Chinese financing source and distribution
structure 13
2.1.1. Characteristics of the financing source structure 13
2.1.2. Characteristics of the financing distribution structure 15
2.2. The impact of the financial sector on the economic growth and
performance 18
2.2.1. Effects of the investment on economic growth 18
2.2.2. Impacts of the interest rale on deposit and investment 26
2.2.3. Contribution of capital and labor effectiveness 33
23. Impact of the total investment on industry structure transition 35
2.3.1. Industry structure and industry efficient ratio 35
2.3.2. The driving force ofindustry structure transition 39
2.4. IMPACT OF THE TOTAL INVESTMENT ON INCOME DISPARITY 46
2.4.1. Impact of the investment on the increasing income disparity 46
2.4.2. Factor analysis: investment, labor, and location 50
2.4.3. The increasing rural-urban disparity 54
23. THE FUTURE ROLE OF THE FINANCIAL MARKET IN THE NATIONAL ECONOMY 58
2.5.1. Output elasticity of capital and other factors 58
2.5.2. The declining birth rate 60
2.5.3. An increasingly important role of the financial sector 62
3. CAPITAL AND FINANCIAL SECTOR DEVELOPMENT MECHANISM:
MARKET ORIENTATION AND GOVERNMENT REGULATION 64
3.1. The credit market: the on-going reform process and the heavy burden of
non-performing loans 65
3.11. The role of the banking industry in the economy 66
3.1.2. The illegal credit market in the early 1990s 68
3.1.3. Banking reforms in the 1990s 69
3.1.4. Non-performing loans 72
3.1.5. The trend of banking system reform since 2000 74
3.2. The bond market: a repressed market and the distorted relation between
earnings and risk 75
3
3.2.1. National debt market 75
3.2.2. Corporation bond market 81
33. The stock market, the conflict between supply and demand as well
between market and administration 83
3.3.1. Stock market in retrospect 83
3.3.2. Foundation of the Shanghai Stock Exchange 85
3.3.3. The initial stage in the early 1990s 87
3.3.4. Conflicts between demand and supply 93
3.3.5. Cointegration analysis of the stock market performance 97
3.4. The money market: the short history of a promising market 100
3.4.1. Interbank money market 100
3.4.2. Securities repurchase market 102
3.5. The foreign exchange market: using complicated administration
METHODS TO RESTRAIN CAPITAL TRANSACTION 103
3.5.7. Foreign exchange regulation before 1994 103
3.5.2. Foreign exchange regulation since 1994 106
3.6. The derivatives market: initial attempts under special historical
conditions 108
3.6.1. Stagnation in the secondary market: the background of establishing a national debt
futures market 108
3.6.2. Contract 327 national debt futures event: trigger to close the newborn financial
derivatives market 110
3.7. International comparison of capital markets 112
3.7.1. A more significant rule in the economy: China s capital market in comparison with
certain transition countries 114
3.7.2. Dominated by the government vs. dominated by the market: capital markets in China
and in India 121
3.7.3. Higher speculation level: China s capital market in comparison with those in
industrialized countries 125
3.7.4. Conclusions 131
4. CONCLUDING REMARKS AND FURTHER DISCUSSIONS 133
4.1. The main findings regarding the role of CFS development in China s
ECONOMIC GROWTH AND TRANSITION 133
4.1.1. The capital and financial sector and the economic growth 133
4.1.2. The capital and financial sector and the industry structure 134
4.1.3. The capital and financial sector and the income disparity 135
4.2. The characteristics and the functions ofthe CFS in China 135
4.3. The past and the future of the Chinese economic growth 137
4.3.1. Why could China achieve its economic growth without a considerable privatization
process? 137
4.3.2. Is China s economic mushroom just a fragile soap bubble? 138
5. ATTACHMENTS 141
5.1. Tables 141
5.2. References 147
0.2. List of Figures
Figure 1-1 Paper structure....................................................................................................................................9
Figure 2-1 Fund source of total investment (1981-2004)..................................................................................12
Figure 2-2 Financing structure of different economic entities (2002)................................................................14
Figure 2-3 Capital raised in the domestic stock market (1992-2002)................................................................14
Figure 2-4 Structure and trend of fixed investment (1980-2004)......................................................................16
Figure 2-5 Annual growth rates of investment by ownership ((1986-2004)......................................................16
Figure 2-6 GDP index and annual growth rate (1953-2004).............................................................................19
Figure 2-7 Fixed investment and GDP growth (1953-2001).............................................................................20
Figure 2-8 Total investment and economic growth (1985-2001).......................................................................21
Figure 2-9 Investment rate and GNP growth in 44 countries (1990-2001)........................................................22
Figure 2-10 Output and investment rate in previous periods..............................................................................23
Figure 2-11 Output and investment rate in current period (1990, 1998-2000)..................................................23
Figure 2-12 Output growth rate and investment effectiveness (1992-2001)......................................................24
Figure 2-13 Official interest rates (1990-2002).................................................................................................27
Figure 2-14 Interest rate and deposit amount (1989-2002)................................................................................29
Figure 2-15 Savings deposits and its sensitivity to the interest rate (1990-2002)..............................................29
Figure 2-16 Real lending interest rate and annual growth rate of fixed investment...........................................30
Figure 2-17 Real loan interest rate (1953-2002)................................................................................................31
Figure 2-18 Interest rate margins in China and in the United States (1980-1997).............................................32
Figure 2-19 Industry structure (1952-2004)......................................................................................................36
Figure 2-20 GDP components in current and comparable prices.......................................................................37
Figure 2-21 Industry efficient ratio (1981-2001)...............................................................................................38
Figure 2-22 Number of employed persons by industry (1981-2001)................................................................39
Figure 2-23 Driving forces of different industries in the 1990s.........................................................................43
Figure 2-24 Impulse-response coefficients among three industries....................................................................45
Figure 2-25 Impulse-responses and convergence of industry efficient ratios.....................................................45
Figure 2-26 The evidence of convergence in 36 countries.................................................................................48
Figure 2-27 Divergence within China (1990-2001)...........................................................................................50
Figure 2-28 GDP per capita in Western, Middle, and Eastern China (1989-2001)............................................53
Figure 2-29 Annual income increase of rural and urban households (1991-2001)............................................54
Figure 2-30 Rural-urban households income disparity (1978-2002).................................................................55
Figure 2-31 China s urbanization progress (1962-2001)...................................................................................56
Figure 2-32 Infant mortality rate (1962-2001)...................................................................................................57
Figure 2-33 Infant mortality rate (1978-1990 and 1990-2001).........................................................................58
Figure 2-34 Annual growth rates of output, capital supply, and labor (1990-2001)..........................................60
Figure 2-35 Birthrate and natural growth rate (1980-2004)..............................................................................62
Figure 3-1 Investment of the government and the banking system (1981-2001)..............................................67
Figure 3-2 Growth rates ofGNP and banking credit (1981-2001)....................................................................68
Figure 3-3 Capital raising structure (1997-2002)..............................................................................................82
Figure 3-4 Financing in stock market (1992-2004)...........................................................................................85
Figure 3-5 Shanghai Stock Exchange Index (1991-2004).................................................................................89
Figure 3-6 Shanghai Stock Exchange Index and economic variables................................................................98
Figure 3-7 Interbank money market structure (2002).......................................................................................102
Figure 3-8 Term structure in securities repurchase market (2002)...................................................................102
Figure 3-9 Official foreign exchange rate (1981-2003)...................................................................................105
Figure 3-10 Foreign exchange market structure (2003)...................................................................................108
Figure 3-11 GDP in percentage of the world economy....................................................................................116
Figure 3-12 GDP per capita of China and eight transition countries................................................................116
Figure 3-13 Market capitalization of listed companies in percentage of GDP (1991-2001)...........................118
Figure 3-14 Total value of stock traded in percentage of GDP (1991-2001)...................................................118
Figure 3-15 Average market capitalization of listed companies (1994-2001).................................................119
Figure 3-16 Market turnover ratio (1992-2001)..............................................................................................120
Figure 3-17 Per capita PPP GDP and GDP of India and China........................................................................122
Figure 3-18 Amount of total listed domestic companies (1990-2001)............................................................123
Figure 3-19 Market capitalization of listed companies in percentage of GDP (1990-2000)...........................124
5
Figure 3-20 Average market capitalization of listed companies (1993-2001).................................................I25
Figure 3-21 PPP GDP (1978-2001).................................................................................................................127
Figure 3-22 PPP GDP per capita (1976-2001).................................................................................................127
Figure 3-23 Commercial energy per capita and energy efficiency...................................................................128
Figure 3-24 Market volume and market depth.................................................................................................I29
Figure 3-25 Average market capitalization of listed companies (1988-2001).................................................13°
Figure 3-26 Capital market speculation degree................................................................................................13
03. List of Tables
Table 2-1 Four moments of industry efficient ratios (1981-2001).....................................................................43
Table 2-2 The convergence phenomena in 36 countries.....................................................................................49
Table 2-3 Growth route convergence by groups: China (1990-2001)................................................................49
Table 2-4 Sample descriptive of regional difference model...............................................................................51
Table 2-5 Per capita GDP in Western, Middle, and Eastern China.....................................................................53
Table 3-1 China s banking system in 2004.........................................................................................................72
Table 3-2 Non-performing loans of China s banking system (Year end of 1999)..............................................73
Table 3-3 Amount of the listed companies (1990-2004)....................................................................................S5
Table 3-4 Domestic and foreign sources of investment (1992-2002)................................................................85
Table 3-5 Unit root test results...........................................................................................................................98
Table 3-6 long-term relationship between stock market and national economy.................................................99
Table 3-7 Cointegration test results....................................................................................................................99
Table 3-8 Official foreign exchange rate (1969-2004)....................................................................................107
Table 3-9 GDP in percentage of the world economy (1990-2003)..................................................................115
Table 3-10 Amount of listed domestic companies in seven transition countries (1991—2001).........................117
Table 3-11 Market capitalization in percentage of GDP (1995-2001).............................................................119
Table 5-1 Output and population (1978-2004)................................................................................................141
Table 5-2 Savings deposits (1978-2004).........................................................................................................141
Table 5-3 Per capita annual income and Engle Coefficient (1978-2004)........................................................142
Table 5-4 GDP composition and industry efficient ratio (1989-2004).............................................................142
Table 5-5 Market value, circulating value, and financing (1992-2004)...........................................................143
Table 5-6 Total fixed investment per investment main body (1980-2004)......................................................143
Table 5-7 Official deposits interest rate (1990-2004)......................................................................................144
Table 5-8 Official loan interest rate (1988-2004)............................................................................................144
Table 5-9 PPP GDP of China, the USA, the EU, and Japan (1976-2001).......................................................145
0.4. Abbreviation
ABC Agricultural Bank of China
BOC Bank of China
CBRC China Banking Regulatory Commission
CCB China Construction Bank
CEIN China Economic Information Network
CHIBOR China Inter-Bank Offering Rate
CSRC China Securities Regulatory Commission
FD1 Foreign direct investment
FEC Foreign Exchange Certificate
•CBC Industry and Commercial Bank of China
ISR RMB Internal Settlement Rate
PBC People s Bank of China
MB Ren Min Bi, domestic currency in Mainland China
SAFE State Administration of Foreign Exchange of China
TVE Township and village enterprises
UNDP United Nations Development Program
|
| adam_txt |
0.1. Contents
0.1. Contents 3
0.2. List of Figures 5
0.3. List of Tables 6
0.4. Abbreviation 6
0.5. ZliSAMMENFASSUNG 7
1. THEORETICAL OVERVIEW OF FINANCIAL SECTOR DEVELOPMENT
AND ECONOMIC GROWTH 1
1.1. flnancialsector development and economic growth 1
1.2. Determinants of economic growth 3
1.3. Economic transition and financial sector development 5
1.4. paper structure and data reliability 8
2. THE IMPACT OF THE CAPITAL AND FINANCIAL SECTOR
DEVELOPMENT 11
2.1. Characteristics of the Chinese financing source and distribution
structure 13
2.1.1. Characteristics of the financing source structure 13
2.1.2. Characteristics of the financing distribution structure 15
2.2. The impact of the financial sector on the economic growth and
performance 18
2.2.1. Effects of the investment on economic growth 18
2.2.2. Impacts of the interest rale on deposit and investment 26
2.2.3. Contribution of capital and labor effectiveness 33
23. Impact of the total investment on industry structure transition 35
2.3.1. Industry structure and industry efficient ratio 35
2.3.2. The driving force ofindustry structure transition 39
2.4. IMPACT OF THE TOTAL INVESTMENT ON INCOME DISPARITY 46
2.4.1. Impact of the investment on the increasing income disparity 46
2.4.2. Factor analysis: investment, labor, and location 50
2.4.3. The increasing rural-urban disparity 54
23. THE FUTURE ROLE OF THE FINANCIAL MARKET IN THE NATIONAL ECONOMY 58
2.5.1. Output elasticity of capital and other factors 58
2.5.2. The declining birth rate 60
2.5.3. An increasingly important role of the financial sector 62
3. CAPITAL AND FINANCIAL SECTOR DEVELOPMENT MECHANISM:
MARKET ORIENTATION AND GOVERNMENT REGULATION 64
3.1. The credit market: the on-going reform process and the heavy burden of
non-performing loans 65
3.11. The role of the banking industry in the economy 66
3.1.2. The illegal credit market in the early 1990s 68
3.1.3. Banking reforms in the 1990s 69
3.1.4. Non-performing loans 72
3.1.5. The trend of banking system reform since 2000 74
3.2. The bond market: a repressed market and the distorted relation between
earnings and risk 75
3
3.2.1. National debt market 75
3.2.2. Corporation bond market 81
33. The stock market, the conflict between supply and demand as well
between market and administration 83
3.3.1. Stock market in retrospect 83
3.3.2. Foundation of the Shanghai Stock Exchange 85
3.3.3. The initial stage in the early 1990s 87
3.3.4. Conflicts between demand and supply 93
3.3.5. Cointegration analysis of the stock market performance 97
3.4. The money market: the short history of a promising market 100
3.4.1. Interbank money market 100
3.4.2. Securities repurchase market 102
3.5. The foreign exchange market: using complicated administration
METHODS TO RESTRAIN CAPITAL TRANSACTION 103
3.5.7. Foreign exchange regulation before 1994 103
3.5.2. Foreign exchange regulation since 1994 106
3.6. The derivatives market: initial attempts under special historical
conditions 108
3.6.1. Stagnation in the secondary market: the background of establishing a national debt
futures market 108
3.6.2. Contract 327 national debt futures event: trigger to close the newborn financial
derivatives market 110
3.7. International comparison of capital markets 112
3.7.1. A more significant rule in the economy: China's capital market in comparison with
certain transition countries 114
3.7.2. Dominated by the government vs. dominated by the market: capital markets in China
and in India 121
3.7.3. Higher speculation level: China's capital market in comparison with those in
industrialized countries 125
3.7.4. Conclusions 131
4. CONCLUDING REMARKS AND FURTHER DISCUSSIONS 133
4.1. The main findings regarding the role of CFS development in China's
ECONOMIC GROWTH AND TRANSITION 133
4.1.1. The capital and financial sector and the economic growth 133
4.1.2. The capital and financial sector and the industry structure 134
4.1.3. The capital and financial sector and the income disparity 135
4.2. The characteristics and the functions ofthe CFS in China 135
4.3. The past and the future of the Chinese economic growth 137
4.3.1. Why could China achieve its economic growth without a considerable privatization
process? 137
4.3.2. Is China's economic mushroom just a fragile soap bubble? 138
5. ATTACHMENTS 141
5.1. Tables 141
5.2. References 147
0.2. List of Figures
Figure 1-1 Paper structure.9
Figure 2-1 Fund source of total investment (1981-2004).12
Figure 2-2 Financing structure of different economic entities (2002).14
Figure 2-3 Capital raised in the domestic stock market (1992-2002).14
Figure 2-4 Structure and trend of fixed investment (1980-2004).16
Figure 2-5 Annual growth rates of investment by ownership ((1986-2004).16
Figure 2-6 GDP index and annual growth rate (1953-2004).19
Figure 2-7 Fixed investment and GDP growth (1953-2001).20
Figure 2-8 Total investment and economic growth (1985-2001).21
Figure 2-9 Investment rate and GNP growth in 44 countries (1990-2001).22
Figure 2-10 Output and investment rate in previous periods.23
Figure 2-11 Output and investment rate in current period (1990, 1998-2000).23
Figure 2-12 Output growth rate and investment effectiveness (1992-2001).24
Figure 2-13 Official interest rates (1990-2002).27
Figure 2-14 Interest rate and deposit amount (1989-2002).29
Figure 2-15 Savings deposits and its sensitivity to the interest rate (1990-2002).29
Figure 2-16 Real lending interest rate and annual growth rate of fixed investment.30
Figure 2-17 Real loan interest rate (1953-2002).31
Figure 2-18 Interest rate margins in China and in the United States (1980-1997).32
Figure 2-19 Industry structure (1952-2004).36
Figure 2-20 GDP components in current and comparable prices.37
Figure 2-21 Industry efficient ratio (1981-2001).38
Figure 2-22 Number of employed persons by industry (1981-2001).39
Figure 2-23 Driving forces of different industries in the 1990s.43
Figure 2-24 Impulse-response coefficients among three industries.45
Figure 2-25 Impulse-responses and convergence of industry efficient ratios.45
Figure 2-26 The evidence of convergence in 36 countries.48
Figure 2-27 Divergence within China (1990-2001).50
Figure 2-28 GDP per capita in Western, Middle, and Eastern China (1989-2001).53
Figure 2-29 Annual income increase of rural and urban households (1991-2001).54
Figure 2-30 Rural-urban households income disparity (1978-2002).55
Figure 2-31 China's urbanization progress (1962-2001).56
Figure 2-32 Infant mortality rate (1962-2001).57
Figure 2-33 Infant mortality rate (1978-1990 and 1990-2001).58
Figure 2-34 Annual growth rates of output, capital supply, and labor (1990-2001).60
Figure 2-35 Birthrate and natural growth rate (1980-2004).62
Figure 3-1 Investment of the government and the banking system (1981-2001).67
Figure 3-2 Growth rates ofGNP and banking credit (1981-2001).68
Figure 3-3 Capital raising structure (1997-2002).82
Figure 3-4 Financing in stock market (1992-2004).85
Figure 3-5 Shanghai Stock Exchange Index (1991-2004).89
Figure 3-6 Shanghai Stock Exchange Index and economic variables.98
Figure 3-7 Interbank money market structure (2002).102
Figure 3-8 Term structure in securities repurchase market (2002).102
Figure 3-9 Official foreign exchange rate (1981-2003).105
Figure 3-10 Foreign exchange market structure (2003).108
Figure 3-11 GDP in percentage of the world economy.116
Figure 3-12 GDP per capita of China and eight transition countries.116
Figure 3-13 Market capitalization of listed companies in percentage of GDP (1991-2001).118
Figure 3-14 Total value of stock traded in percentage of GDP (1991-2001).118
Figure 3-15 Average market capitalization of listed companies (1994-2001).119
Figure 3-16 Market turnover ratio (1992-2001).120
Figure 3-17 Per capita PPP GDP and GDP of India and China.122
Figure 3-18 Amount of total listed domestic companies (1990-2001).123
Figure 3-19 Market capitalization of listed companies in percentage of GDP (1990-2000).124
5
Figure 3-20 Average market capitalization of listed companies (1993-2001).I25
Figure 3-21 PPP GDP (1978-2001).127
Figure 3-22 PPP GDP per capita (1976-2001).127
Figure 3-23 Commercial energy per capita and energy efficiency.128
Figure 3-24 Market volume and market depth.I29
Figure 3-25 Average market capitalization of listed companies (1988-2001).13°
Figure 3-26 Capital market speculation degree.13'
03. List of Tables
Table 2-1 Four moments of industry efficient ratios (1981-2001).43
Table 2-2 The convergence phenomena in 36 countries.49
Table 2-3 Growth route convergence by groups: China (1990-2001).49
Table 2-4 Sample descriptive of regional difference model.51
Table 2-5 Per capita GDP in Western, Middle, and Eastern China.53
Table 3-1 China's banking system in 2004.72
Table 3-2 Non-performing loans of China's banking system (Year end of 1999).73
Table 3-3 Amount of the listed companies (1990-2004).S5
Table 3-4 Domestic and foreign sources of investment (1992-2002).85
Table 3-5 Unit root test results.98
Table 3-6 long-term relationship between stock market and national economy.99
Table 3-7 Cointegration test results.99
Table 3-8 Official foreign exchange rate (1969-2004).107
Table 3-9 GDP in percentage of the world economy (1990-2003).115
Table 3-10 Amount of listed domestic companies in seven transition countries (1991—2001).117
Table 3-11 Market capitalization in percentage of GDP (1995-2001).119
Table 5-1 Output and population (1978-2004).141
Table 5-2 Savings deposits (1978-2004).141
Table 5-3 Per capita annual income and Engle Coefficient (1978-2004).142
Table 5-4 GDP composition and industry efficient ratio (1989-2004).142
Table 5-5 Market value, circulating value, and financing (1992-2004).143
Table 5-6 Total fixed investment per investment main body (1980-2004).143
Table 5-7 Official deposits interest rate (1990-2004).144
Table 5-8 Official loan interest rate (1988-2004).144
Table 5-9 PPP GDP of China, the USA, the EU, and Japan (1976-2001).145
0.4. Abbreviation
ABC Agricultural Bank of China
BOC Bank of China
CBRC China Banking Regulatory Commission
CCB China Construction Bank
CEIN China Economic Information Network
CHIBOR China Inter-Bank Offering Rate
CSRC China Securities Regulatory Commission
FD1 Foreign direct investment
FEC Foreign Exchange Certificate
•CBC Industry and Commercial Bank of China
ISR RMB Internal Settlement Rate
PBC People's Bank of China
"MB Ren Min Bi, domestic currency in Mainland China
SAFE State Administration of Foreign Exchange of China
TVE Township and village enterprises
UNDP United Nations Development Program |
| any_adam_object | 1 |
| any_adam_object_boolean | 1 |
| author | Zhang, Haining |
| author_GND | (DE-588)136056350 |
| author_facet | Zhang, Haining |
| author_role | aut |
| author_sort | Zhang, Haining |
| author_variant | h z hz |
| building | Verbundindex |
| bvnumber | BV035084755 |
| classification_rvk | QG 860 |
| ctrlnum | (OCoLC)260077834 (DE-599)DNB990081613 |
| dewey-full | 332.0951 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.0951 |
| dewey-search | 332.0951 |
| dewey-sort | 3332.0951 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| era | Geschichte 1989-2004 gnd |
| era_facet | Geschichte 1989-2004 |
| format | Thesis Book |
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| genre | (DE-588)4113937-9 Hochschulschrift gnd-content |
| genre_facet | Hochschulschrift |
| geographic | China (DE-588)4009937-4 gnd |
| geographic_facet | China |
| id | DE-604.BV035084755 |
| illustrated | Illustrated |
| index_date | 2024-07-02T22:08:30Z |
| indexdate | 2024-07-09T21:21:50Z |
| institution | BVB |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016752949 |
| oclc_num | 260077834 |
| open_access_boolean | |
| owner | DE-703 DE-384 |
| owner_facet | DE-703 DE-384 |
| physical | 12, 153 S. graph. Darst. |
| publishDate | 2007 |
| publishDateSearch | 2007 |
| publishDateSort | 2007 |
| record_format | marc |
| spelling | Zhang, Haining Verfasser (DE-588)136056350 aut China's capital and financial sector development and its impact on economic growth (1989 - 2004) vorgelegt von Haining Zhang 2007 12, 153 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Zsfassung in dt. Sprache. Frankfurt am Main, Univ., Diss., 2007 Geschichte 1989-2004 gnd rswk-swf China stw Entwicklung stw Finanzmarkt stw Finanzsektor stw Systemtransformation stw Wirtschaftswachstum stw Kapitalmarkt (DE-588)4029578-3 gnd rswk-swf Wirtschaftswachstum (DE-588)4066527-6 gnd rswk-swf China (DE-588)4009937-4 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content China (DE-588)4009937-4 g Kapitalmarkt (DE-588)4029578-3 s Wirtschaftswachstum (DE-588)4066527-6 s Geschichte 1989-2004 z DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016752949&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Zhang, Haining China's capital and financial sector development and its impact on economic growth (1989 - 2004) China stw Entwicklung stw Finanzmarkt stw Finanzsektor stw Systemtransformation stw Wirtschaftswachstum stw Kapitalmarkt (DE-588)4029578-3 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| subject_GND | (DE-588)4029578-3 (DE-588)4066527-6 (DE-588)4009937-4 (DE-588)4113937-9 |
| title | China's capital and financial sector development and its impact on economic growth (1989 - 2004) |
| title_auth | China's capital and financial sector development and its impact on economic growth (1989 - 2004) |
| title_exact_search | China's capital and financial sector development and its impact on economic growth (1989 - 2004) |
| title_exact_search_txtP | China's capital and financial sector development and its impact on economic growth (1989 - 2004) |
| title_full | China's capital and financial sector development and its impact on economic growth (1989 - 2004) vorgelegt von Haining Zhang |
| title_fullStr | China's capital and financial sector development and its impact on economic growth (1989 - 2004) vorgelegt von Haining Zhang |
| title_full_unstemmed | China's capital and financial sector development and its impact on economic growth (1989 - 2004) vorgelegt von Haining Zhang |
| title_short | China's capital and financial sector development and its impact on economic growth (1989 - 2004) |
| title_sort | china s capital and financial sector development and its impact on economic growth 1989 2004 |
| topic | China stw Entwicklung stw Finanzmarkt stw Finanzsektor stw Systemtransformation stw Wirtschaftswachstum stw Kapitalmarkt (DE-588)4029578-3 gnd Wirtschaftswachstum (DE-588)4066527-6 gnd |
| topic_facet | China Entwicklung Finanzmarkt Finanzsektor Systemtransformation Wirtschaftswachstum Kapitalmarkt Hochschulschrift |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016752949&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT zhanghaining chinascapitalandfinancialsectordevelopmentanditsimpactoneconomicgrowth19892004 |