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The performance of various types of capital resources in the economic reforms of China are of great interest to those involved in the reforms as policymakers, scholars, and businesspeople. Four major areas of financial development are identified—banking and loans, trade and foreign direct investments, official flows and foreign exchanges, and the stock market. The quality, or efficiency, of the capital resource has not been given equal weight with quantity, as it is difficult to measure the quality of a resource, and because more of a capital resource is generally preferred to less. A comprehensive analysis of trade and investment issues in China has been provided.
- Table of Contents
Money and Banking in China
Foreign Bank Lending to Chinese Industries--Criteria and Procedures
The Development of Direct Foreign Investment in China
Foreign Direct Investment, External Trade and Economic Development in China
Japan's Direct Investment in China--Current Situation, Prospects, and Problems
Taiwan's Trade and Investment in China
Foreign Exchange Markets in China--Evolution and Performance
Official Flows to China--Recent Trends and Major Characteristics
Commodity Futures Markets in China
The Stock Markets in China
Risk, Return, and Price Linkage in Chinese Stocks
...China's market will continue to grow annually between 6 and 10 percent during the next fifteen years. At such a pace, China will possess one of the key global economies in the coming century that Western economists, businesspeople, and especially policy makers will increasingly need to understand. Hopefully, there will be more collections such as ^IFinancing China Trade and Investment^R that will help unravel the mysteries of the Chinese economic miracle.
[P]rovides a great deal of useful information about the sources of investment capital in China....[T]his is certainly a useful book for anyone interested in the topic of financial intermediation in China.