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020 _a0691125627
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020 _a9780691125626
_qcl
_qalk. paper
035 _a(ATU)b1119909x
035 _a(DLC) 2006053170
035 _a(OCoLC)76961178
040 _aDLC
_beng
_erda
_dATU
050 0 0 _aHC427.95
_b.R54 2007
082 0 0 _a330.951
_222
100 1 _aRiedel, James,
_eauthor.
_91034812
245 1 0 _aHow China grows :
_binvestment, finance, and reform /
_cJames Riedel, Jing Jin, and Jian Gao.
264 1 _aPrinceton, N.J. :
_bPrinceton University Press,
_c[2007]
264 4 _c©2007
300 _axii, 208 pages :
_billustrations ;
_c23 cm
336 _atext
_btxt
_2rdacontent
337 _aunmediated
_bn
_2rdamedia
338 _avolume
_bnc
_2rdacarrier
504 _aIncludes bibliographical references (pages 189-198) and index.
505 0 0 _gCh. 1.
_tOverview of economic reforms and outcomes --
_gCh. 2.
_tThe source of growth and the role of investment --
_gCh. 3.
_tSaving and the financing of investment in China --
_gCh. 4.
_tFinancial sector repression --
_gCh. 5.
_tBanking sector reform --
_gCh. 6.
_tDevelopments in the bond market --
_gCh. 7.
_tThe rise and fall of the stock market --
_gCh. 8.
_tMacroeconomic policy and performance.
520 1 _a"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.
588 _aMachine converted from AACR2 source record.
650 0 _aFinance
_zChina
_9596328
651 0 _aChina
_xEconomic policy
_9500417
700 1 _aJin, Jing,
_eauthor.
_9248091
700 1 _aGao, Jian,
_eauthor.
_91061365
907 _a.b1119909x
_b03-10-17
_c27-10-15
942 _cB
945 _a330.951 RIE
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