China registered double-digit GDP growth for more than three decades. Recently, the rate has slowed down considerably. The slow growth period, which Chinese policymakers refer to as the 'new-normal', has created enormous curiosity among scholars and policymakers. In particular, scholars of...

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Bibliographische Detailangaben

Hauptverfasser:	Hassan, M. Kabir 1963- (VerfasserIn), Dulal Miah, Md (VerfasserIn)
Format:	Elektronisch E-Book
Sprache:	English
Veröffentlicht:	Cambridge Cambridge University Press 2022
Schriftenreihe:	Cambridge elements
Schlagworte:	Banks and banking / Government policy / China Banks and banking / China China / Economic conditions China / Economic policy
Online-Zugang:	DE-12 DE-473 URL des Erstveröffentlichers
Zusammenfassung:	China registered double-digit GDP growth for more than three decades. Recently, the rate has slowed down considerably. The slow growth period, which Chinese policymakers refer to as the 'new-normal', has created enormous curiosity among scholars and policymakers. In particular, scholars often tend to project if China is destined to follow Japan's fate. Insufficient reforms in the banking sector in commensuration with the real economy in Japan resulted in an unprecedented financial catastrophe. Similarly, an asymmetric development between the Chinese banking sector and the real economy is observed. This leads to an interesting question: is China destined to meet Japan's legacy? This Element attempts to answer this question. In so doing, it delves deep into the banking sector reforms of China. The Element concludes that China is not on course to meet an immediate financial chaos, but the country needs further banking reforms to avoid a potential crisis
Beschreibung:	Title from publisher's bibliographic system (viewed on 07 Apr 2022)
Beschreibung:	1 Online-Ressource (76 Seiten)
ISBN:	9781009244787
DOI:	10.1017/9781009244787