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Economics, Finance sector development, Governance and public sector management

Will Financial Liberalization Trigger the First Crisis in the People’s Republic of China?

By and . Posted March 9, 2018
Will Financial Liberalization Trigger the First Crisis in the People’s Republic of China
The People’s Republic of China (PRC) has been liberalizing its financial system for nearly 4 decades. While it now has a comprehensive financial system with a large number of financial institutions and large financial assets, its financial policies are still highly repressive. These repressive financial policies are now a major hindrance to the PRC’s economic growth (Huang and Wang 2011).