Article
Dr. Albert Keidel
Report
China's Financial Sector: Contributions to Growth and Downside Risks
Published on Jan 25, 2007
Source: Conference Paper
Any evaluation of China’s financial system and its prospects must concentrate on its contribution to China’s economic growth and to related solutions to a range of domestic economic goals. The evolution of China’s financial system, in all its various dimensions, is in midstream, with its many market and non-market aspects reforming simultaneously. Its hybrid nature, which combines policy-directed lending and nascent market-based institutions, has aspects considered by some foreign observers to be not only unconventional but also inefficient. In fact, the system appears to serve China’s current needs well.
[1] James R. Barth, John A. Tatom, and Glenn Yago (eds.), China’s Emerging Financial Markets: Challenges and Opportunities (Santa Monica, CA: Milken Institute, 2009)
About the Author
Dr. Albert Keidel
Former Senior Associate, China Program
Keidel served as acting director and deputy director for the Office of East Asian Nations at the U.S. Department of the Treasury. Before joining Treasury in 2001, he covered economic trends, system reforms, poverty, and country risk as a senior economist in the World Bank office in Beijing.
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Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
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