How China grows : investment, finance, and reform / James Riedel, Jing Jin, and Jian Gao.

By:

Riedel, James [author.]

Contributor(s):

Material type: Text

text

Media type:

unmediated

Carrier type:

volume

ISBN:

0691125627
9780691125626

Subject(s):

DDC classification:

330.951 22

LOC classification:

HC427.95 .R54 2007

Contents:

Ch. 1. Overview of economic reforms and outcomes -- Ch. 2. The source of growth and the role of investment -- Ch. 3. Saving and the financing of investment in China -- Ch. 4. Financial sector repression -- Ch. 5. Banking sector reform -- Ch. 6. Developments in the bond market -- Ch. 7. The rise and fall of the stock market -- Ch. 8. Macroeconomic policy and performance.

Review: "Although China's economy has grown spectacularly over the last twenty-five years, economists disagree about how the Chinese economy is likely to fare in the short- and long-term future. Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? The first book on the relation between investment, finance, and growth in China, How China Grows dismisses this concern. James Riedel, Jing Jin, and Jian Gao argue that investment has not only been the engine of growth, but also the main source of technological progress and structural change in China." "What threatens future growth instead, the authors argue, are the weaknesses of China's financial system that undermine efficiency in investment allocation. Financial-sector reform and development are necessary, not only for sustaining long-term growth, but also for maintaining macroeconomic stability." "How China grows is accessible to noneconomists and will benefit anyone who is interested in development finance in general and in China's economic growth in particular - whether economists, political scientists, bankers, or business people."--BOOK JACKET.

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Holdings
Item type	Current library	Call number	Copy number	Status	Date due	Barcode
Book	City Campus City Campus Main Collection	330.951 RIE (Browse shelf(Opens below))	1	Available		A429554B

Includes bibliographical references (pages 189-198) and index.

"Although China's economy has grown spectacularly over the last twenty-five years, economists disagree about how the Chinese economy is likely to fare in the short- and long-term future. Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? The first book on the relation between investment, finance, and growth in China, How China Grows dismisses this concern. James Riedel, Jing Jin, and Jian Gao argue that investment has not only been the engine of growth, but also the main source of technological progress and structural change in China." "What threatens future growth instead, the authors argue, are the weaknesses of China's financial system that undermine efficiency in investment allocation. Financial-sector reform and development are necessary, not only for sustaining long-term growth, but also for maintaining macroeconomic stability." "How China grows is accessible to noneconomists and will benefit anyone who is interested in development finance in general and in China's economic growth in particular - whether economists, political scientists, bankers, or business people."--BOOK JACKET.

Machine converted from AACR2 source record.

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