ABSTRACT

In the thirty years since China initiated economic reforms and its open-door policy, China has been transformed from a poor nation almost completely isolated from the global economy to an engine of growth of the world economy. China’s dynamic transition has been among the most dramatic developments of recent history; and its economy continues to grow rapidly, with important consequences for China’s own society and environment, as well as for the wider world. This book provides a fascinating insight into a wide range of issues on Chinese economy and its three decades of economic reforms. With well-researched, in-depth and comprehensive coverage of key topics, using the latest research findings, this book covers Chinese monetary policy and financial sector reforms; China’s income disparities; the emergence of China’s business groups; the implications of foreign direct investment and innovation and technological developments. The book will be an indispensable guide to scholars, entrepreneurs, policy-makers and all who are interested in China’s economic affairs.

part |2 pages

PART I Overview

part |2 pages

PART II Financial sector reforms and monetary policy

chapter 3|15 pages

Entry behaviour of foreign banks in the Chinese banking market

ByYUE XU, JOSEPH G. NELLIS

chapter 4|15 pages

The price-earning ratios in the Chinese stock market: An empirical investigation

ByMOHAMED EL HEDI AROURI AND CHENXIANG LIU

chapter 5|19 pages

Cost-efficiency analysis in banking industries of ten Asian countries and regions

ByZHI SHEN, HAILIN LIAO AND THOMAS WEYMAN-JONES

chapter 6|14 pages

An analysis of Chinese money and prices using a McCallum-type rule

ByTUULI KOIVU, AARON MEHROTRA, RIIKKA NUUTILAINEN

chapter 7|20 pages

External adjustment failure and cross-currency speculation: Can China be affected?

ByHEINER FLASSBECK AND MASSIMILIANO LA MARCA

part |2 pages

PART III Economic reforms and China’s income disparities

chapter 8|30 pages

China’s provincial disparities and the determinants of provincial inequality

ByTHOMAS GRIES, MARGARETHE REDLIN

chapter 10|17 pages

Equipment investment and openness in China

ByM. J . HERRERIAS AND VICENTE ORTS

part |2 pages

PART IV Innovation, corporate governance and productivity

part |2 pages

PART IV The emergence of China’s business groups