Wandering at the main gate of crisis (Pulse of China's Finance)

Author: Xu Qianqing
Publisher:
Publish Date: 2004-06-01
Features: Financial Observation Series. The financial crisis is lurking at the door, calling for crisis awareness, preventing financial crises, and paving the way for private banks. Those who encounter crises are often those lacking crisis awareness. Be vigilant in times of peace. Although China successfully avoided the impact of the 1997 Asian Financial Crisis, due to severe delays in financial system reform and the accumulation of costs from state-owned enterprise reforms in various forms within the financial system, we must take the threat of financial crises seriously. The best strategy to prevent financial risks is to accelerate financial reform, and the most pressing task of financial reform is to break the monopoly in the financial sector, open private banks, and achieve financial system innovation through fair market competition. This book comprehensively summarizes the origins and developments of the Asian Financial Crisis and proposes countermeasures to prevent financial crises. In this research project, the author collected a large amount of data and materials to argue why China withstood the Asian Financial Crisis. Part of the book collects some articles on financial crisis management. The second part, "The Most Pressing Task of Financial Reform," focuses on discussing state-owned commercial banks. Be vigilant in times of peace. Although China successfully avoided the impact of the 1997 Asian Financial Crisis, due to severe delays in financial system reform and the accumulation of costs from state-owned enterprise reforms in various forms within the financial system, we must take the threat of financial crises seriously. The best strategy to prevent financial risks is to accelerate financial reform, and the most pressing task of financial reform is to break the monopoly in the financial sector, open private banks, and achieve financial system innovation through fair market competition.