This book is a comprehensive, balanced and realistic assessment of China's financial reform program and future … financial liberalization, the authors examine the impact of financial reform on economic development in China during the reform … therefore, allow more informed future policy choices for both China and other developing and transitional countries …

From 1993-1995 the People's Republic of China undertook a series of reforms designed to modernise their banking and … financial systems, the process of financial intermediation and to implement a sound and credible monetary policy in China. They … effectiveness of the monetary policy that was put in place and shows whether it can withstand China's accession to the WTO. …