Banking sector reforms : is China following Japan's footstep?
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Bibliographic Information
Banking sector reforms : is China following Japan's footstep?
（Cambridge elements, . Elements in the economics of emerging markets / edited by Bruno S. Sergi）
Cambridge University Press, 2022
- : pbk
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Note
Includes bibliographical references (p. [70]-76)
Description and Table of Contents
Description
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.
Table of Contents
- 1. Introduction
- 2. Bank-based Finance and Governance in Japan
- 3. Reforms in Chinese Banking Sector
- 4. Current Performance of Chinese Banking Sector
- 5. Is China Set to Follow Japan's Footstep?
- 6. Conclusion.
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