Financial Repression and Economic Reform in China
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- ISBN 9780275948016
- Publication Date: 30 Jul 1994
- Publisher: Bloomsbury Publishing Plc
- Publication City/Country: US
- Product Form: Hardback
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The People's Republic of China has completed the first decade of economic reform with remarkable achievements. At the same time, it is encountering severe economic problems in runaway inflation, crippling shortages, and large trade imbalances. This work uses a macroeconomic framework of development and financial repression theories to examine the PRC's performance. Improvements in the PRC's financial productivity, according to the author, can be achieved if Chinese leaders either (1) relax the real interest rate ceiling to discourage unproductive investment and free financial resources or (2) hasten the development of the equity market.
Kui-Wai Li is university senior lecturer in the Department of Economics and Finance at City Polytechnic of Hong Kong. Doctor Li received his PhD at the City University Business School in London, and he specializes in Asian finances and economics.
