A01=James Riedel
A01=Jian Gao
A01=Jing Jin
Asset
Author_James Riedel
Author_Jian Gao
Author_Jing Jin
Bank
Bond (finance)
Capital accumulation
Category=KCM
Category=KFFM
Central bank
Central government
Commercial bank
Consumption (economics)
Corporate governance
Credit (finance)
Currency
Debt
Deposit account
Depreciation
Developed country
Economic growth
Economic policy
Economy
Economy of China
Employment
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Exchange rate
Expenditure
Expense
Finance
Financial asset
Financial institution
Financial repression
Financial sector development
Financial services
Foreign direct investment
Funding
Government bond
Government budget balance
Government debt
Incentive
Income
Industrialisation
Inflation
Interest
Interest rate
International Financial Statistics
Investment
Investor
Liability (financial accounting)
Liberalization
Long-Term Growth
Macroeconomics
Market capitalization
Market economy
Market liquidity
Monetary policy
Percentage
Percentage point
Private sector
Profit (economics)
Public finance
Repurchase agreement
Saving
Secondary sector of the economy
Securitization
Stock
Stock exchange
Stock market
Supply (economics)
Tax
Technological change
Trader (finance)
United States Treasury security
World Bank
World economy
Product details
- ISBN 9780691125626
- Weight: 369g
- Dimensions: 140 x 216mm
- Publication Date: 08 Apr 2007
- Publisher: Princeton University Press
- Publication City/Country: US
- Product Form: Hardback
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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.
Although it includes some technical economic analysis, 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
James Riedel is Professor of International Economics at Johns Hopkins University's School of Advanced International Studies. Jing Jin is Director of China Strategy for UBS AG Hong Kong, and a professor at Beijing's Central University of Finance and Economics. Jian Gao is Vice-Governor of the China Development Bank in Beijing.
