The People's Republic of China has completed the first decade of economic reform with remarkable achievements. At the same time, it is encountering severe economic problems in runaway inflation, crippling shortages, and large trade imbalances. This work uses a macroeconomic framework of development and financial repression theories to examine the PRC's performance. Improvements in the PRC's financial productivity, according to the author, can be achieved if Chinese leaders either (1) relax the real interest rate ceiling to discourage unproductive investment and free financial resources or (2) hasten the development of the equity market.
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China is facing serious economic problems due to a low interest rate policy that encourages unproductive investments and low output.
Kui-Wai Li is university senior lecturer in the Department of Economics and Finance at City Polytechnic of Hong Kong. Doctor Li received his PhD at the City University Business School in London, and he specializes in Asian finances and economics.
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Book Description Hardcover. Condition: new. Hardcover. The People's Republic of China has completed the first decade of economic reform with remarkable achievements. At the same time, it is encountering severe economic problems in runaway inflation, crippling shortages, and large trade imbalances. This work uses a macroeconomic framework of development and financial repression theories to examine the PRC's performance. Improvements in the PRC's financial productivity, according to the author, can be achieved if Chinese leaders either relax the real interest rate ceiling to discourage unproductive investment and free financial resources, or hasten the development of the equity market. Improvements in the PRC's financial productivity, according to the author, can be achieved if Chinese leaders either (1) relax the real interest rate ceiling to discourage unproductive investment and free financial resources or (2) hasten the development of the equity market. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780275948016
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