220 pages | 1 B/W Illus.
This book is part of a series which makes available to English-speaking audiences the work of the individual Chinese economists who were the architects of China’s economic reform. The series provides an inside view of China’s economic reform, revealing the thinking of the reformers themselves, unlike many other books on China’s economic reform which are written by outside observers.
Zhou Xiaochuan (1948-) has been Governor of the People’s Bank of China since 2002 and is one of the most influential economists in the world. He holds numerous other important positions, including Governor of the International Monetary Fund for China and Vice-Chairman of the National Committee of the Chinese People’s Political Consultative Conference. Before his important work as a banker, he was in the 1980s a major contributor to the process of analysing policies to do with the structural reform of the Chinese economy.The book is published in association with China Development Research Foundation, one of the leading economic and social think tanks in China, where many of the theoretical foundations and policy details of economic reform were formulated.
1. Reform of central planning: orientation, methods, and limits
2. An economic analysis of housing reform
3. Moving toward an open economy
4. Fiscal and tax reform, and an overall economic analysis
5. Different paths toward achieving economic structural reform
6. The role of liberalized foreign trade in creating a more reasonable pricing system
7. Social security: economic analysis and systems engineering
8. Microeconomic concepts within the field of economics
9. Resolving to deal with the nonperforming loans of banks, and some pitfalls along the way
10. Elevating our accounting standards
11. Capital adequacy ratios and the need to take corrective action in time
12. Several issues to do with reform of State-owned banks
13. Promoting further development of capital markets by improving corporate governance
14. Improving legal systems and reforming China’s ‘financial ecosystem’
15. China’s corporate bond markets: experiences and lessons learned