Cover of Growth Without Crisis: China's Modern Financial System

Growth Without Crisis: China's Modern Financial System

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Enrich Professional Publishing

2011

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978-981-4298-33-9

981-4298-33-6

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An in-depth analysis of China's 30-year economic "crisis-free growth," this record explores the fiscal and financial reasons for the nation's success. Focusing on the relationship between economic growth, fiscal decentralization, local government behavior, and taxation, this informative account also examines the theory of the formation of Renmibi equilibrium exchange rate and identifies the political-economic mechanism of exchange rate reform as one of the main reasons for China's economic progress.

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