This work argues that the common view that China's gradualistic approach has served it well overlooks the fact that state-owned banks for the last two decades have channeled household savings into money-losing companies. It suggests China should recapitalize and restructure its banking system.
China's Unfinished Economic RevolutionREADERSHIP: Professional & Vocational,Postgraduate, Research & Scholarly,Undergraduate
ISBN-10: 0815751338
ISBN-13: 9780815751335
Author:
Lardy, Nicholas R. /
Publisher: Brookings Institution
Publication date: July 1998
Format: Paperback / softback
Language: English
Dimensions: 227 x 154 x 19 mm
Weight: 490 g
Pages: 240 pages pages
Title: China's Unfinished Economic Revolution