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International Economics

Business, Accounting and Economics Undergraduate Theses

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China: Financial Reform: 1979-1994, Bobby Bao Apr 1995

China: Financial Reform: 1979-1994, Bobby Bao

Business, Accounting and Economics Undergraduate Theses

A new world power is emerging. China, the land of 1.2 billion "descendants of the Dragon," is impressing the whole world with its expedient growth in recent years. Media all over the globe attribute this to the economic reforms that have been taking place since 1978. The reforms have brought a variety of new, market-oriented constituents into the previously sluggish economy. Private firms, collective enterprises, joint-stock enterprises, non-bank financial institutions, ( i.e. urban/rural credit unions, mutual funds, insurance companies, stock exchange markets) and many other non-traditional economic entities have proliferated during this period. These new economic forms, along ...