Financial China and National Welfare

Author: Li Kun
Publisher:
Publish Date: 2006-11-01
Features: This book connects finance, capital operations, and the ultimate goal of economic growth—national welfare—to examine China's financial and capital operations from the perspective of national welfare, opening up a broader new perspective for economic research. The author systematically proposes a series of specific, actionable policy ideas or solutions, such as integrating state-owned capital, promoting the development of the stock market, establishing social security systems, integrating housing finance into the financial market, and improving rural financial systems, for readers to reference. This book connects finance, capital operations, and the ultimate goal of economic growth—national welfare—to examine China's financial and capital operations from the perspective of national welfare, opening up a broader new perspective for economic research. The important theoretical issues proposed and analyzed in the book, such as the impact of global capital flows on China's national welfare, the key factors determining currency exchange rates, the essential characteristics of the stock market, the future of stock market capital investment, and the features of securing the future, are all cutting-edge and innovative, reflecting a new economic thinking that emphasizes scientific development and people-centered principles. The author analyzes the current characteristics of capital flows in China and their impact on the real estate market and the loss of national welfare from the perspective of development and connection, highlighting the importance of building the stock market, housing finance system, and rural financial system. The book also provides an in-depth analysis of China's monetary operations since 1985, as well as the effects of low labor costs and income changes on the supply and demand of money and prices. In response to the issues discussed, the author systematically proposes a series of specific, actionable policy ideas or solutions, such as integrating state-owned capital, promoting the development of the stock market, establishing social security systems, integrating housing finance into the financial market, and improving rural financial systems.